Common use of Owner of Record Clause in Contracts

Owner of Record. No Person becoming entitled to any Shares in consequence of the merger, reorganization, consolidation, bankruptcy or insolvency of any Participant or otherwise, by operation of law, shall be recorded as the Participant to which such Shares are allocated and shall only be entitled to the redemption value of such Shares. Until the person becoming entitled to such redemption value shall apply for the payment thereof and present any proof of such entitlement as the Trustees may in their sole discretion deem appropriate, the Participant of record to which such Shares are allocated shall be deemed to be the Participant to which such Shares are allocated for all purposes hereof, and neither the Trustees nor the registrar nor any officer or agent of the Trust shall be affected by any notice of such merger, reorganization, consolidation, bankruptcy, insolvency or other event.

Owner of Record. No Person becoming entitled to any Shares in consequence of the merger, reorganization, consolidation, bankruptcy or insolvency of any Participant or otherwise, by operation of lawLaw, shall be recorded as the Participant to which such Shares are allocated and shall only be entitled to receive for such Shares the redemption value amount credited to the account of the Participant whose beneficial interest in the Fund is represented by such Shares. Until the person Person becoming entitled to receive such redemption value amount shall apply for the payment thereof and present any proof of such entitlement as the Trustees Commission may in their its sole discretion deem appropriate, the Participant of record to which such Shares are allocated shall be deemed to be the Participant to which such Shares are allocated for all purposes hereof, and neither the Trustees Commission nor the registrar nor any officer or agent of the Trust Commission shall be affected by any notice of such merger, reorganization, consolidation, bankruptcy, insolvency or other event.

Owner of Record. No Person becoming entitled to any Shares in consequence of the merger, reorganization, consolidation, bankruptcy or insolvency of any Participant or otherwise, by operation of lawLaw, shall be recorded as the Participant to which such Shares are allocated and shall only be entitled to receive for such Shares the redemption value amount credited to the account of the Participant whose beneficial interest in the Program is represented by such Shares. Until the person Person becoming entitled to receive such redemption value amount shall apply for the payment thereof and present any proof of such entitlement as the Trustees Board of Directors may in their its sole discretion deem appropriate, the Participant of record to which such Shares are allocated shall be deemed to be the Participant to which such Shares are allocated for all purposes hereof, and neither the Trustees Board of Directors nor the registrar nor any officer or agent of the Trust Board of Directors shall be affected by any notice of such merger, reorganization, consolidation, bankruptcy, insolvency or other event.

Owner of Record. No Person becoming entitled to any Shares in consequence of the merger, reorganization, consolidation, bankruptcy or insolvency of any Participant or otherwise, by operation of lawLaw, shall be recorded as the Participant to which such Shares are allocated and shall only be entitled to the redemption value of such Shares. Until the person Person becoming entitled to such redemption value shall apply for the payment thereof and present any proof of such entitlement as the Trustees may in their sole discretion deem appropriate, the Participant of record to which such Shares are allocated shall be deemed to be the Participant to which such Shares are allocated for all purposes hereof, and neither the Trustees nor the registrar nor any officer or agent of the Trust Fund shall be affected by any notice of such merger, reorganization, consolidation, bankruptcy, insolvency or other event.

Owner of Record. No Person becoming entitled to any Shares in consequence of the merger, reorganization, consolidation, bankruptcy or insolvency of any Participant or otherwise, by operation of law, shall be recorded as the Participant to which such Shares are allocated and shall only be entitled to the redemption value of such Shares. Until the person Person becoming entitled to such redemption value shall apply for the payment thereof and present any proof of such entitlement as the Trustees may in their sole discretion deem appropriate, the Participant of record to which such Shares are allocated shall be deemed to be the Participant to which such Shares are allocated for all purposes hereof, and neither the Trustees nor the registrar nor any officer or agent of the Trust shall be affected by any notice of such merger, reorganization, consolidation, bankruptcy, insolvency or other event.