Register of Beneficial Interests Sample Clauses

Register of Beneficial Interests. The Litigation Trustee shall maintain a register (the “Trust Register”), which shall (i) be based on the Claims Register (upon which the Litigation Trustee may conclusively rely, without inquiry or investigation, in preparing the Trust Register), (ii) set forth the name, address, taxpayer identification number, allowed claim amount, and any other information desired by the Litigation Trustee for each of the Beneficiaries, and (iii) permit the Litigation Trustee to determine each Beneficiary’s Beneficiary Sharing Ratio (and Non-Credit Facility Beneficiary Sharing Ratio, if applicable) for distributions to be made to Beneficiaries pursuant to this Litigation Trust Agreement. For subsequently Allowed claims of holders of Allowed General Unsecured Claims that are Non-Credit Facility Beneficiaries which are set forth in an updated Claims Register delivered by the Debtors to the Litigation Trustee, the Litigation Trustee, in making any distribution to Beneficiaries pursuant to this Litigation Trust Agreement after such claims have been Allowed (such distributions, “Future Distributions”), shall make up for, to the extent possible from such Future Distribution, any prior distributions the holders of such subsequently Allowed claims would have received had such claims been Allowed as of the effective date of this Litigation Trust Agreement. The Litigation Trustee shall not be required to reserve for any such subsequently Allowed claims. In the Trust Register, the Indenture Trustee shall be reflected as the sole holder of the Beneficial Interests of Unsecured Note Beneficiaries until the Indenture Trustee notifies the Litigation Trustee to reflect the Beneficial Interests of Unsecured Note Beneficiaries differently in the Trust Register.
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Register of Beneficial Interests. The Litigation Trustee shall maintain a register (the "Trust Register"), which shall (i) be based on the Claims Register (upon which the Litigation Trustee may conclusively rely, without inquiry or investigation, in preparing the Trust Register),
Sample 1
Register of Beneficial Interests. The Plan Trustee shall cause the Trust Register to be kept at the office of the Registrar or at such other place or places that shall be designated by the Plan Trustee from time to time.
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Related to Register of Beneficial Interests

  • Transfer of Beneficial Interests in the Same Global Note Beneficial interests in any Restricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Note in accordance with the transfer restrictions set forth in the Private Placement Legend. Beneficial interests in any Unrestricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note. No written orders or instructions shall be required to be delivered to the Registrar to effect the transfers described in this Section 2.06(b)(1).

  • Shares of Beneficial Interest The Trust is authorized (A) to issue one or more series of beneficial interests within the meaning of Section 3804(a) of the Delaware Act, which shall constitute the Trust's Portfolio(s), and (B) to divide the shares of any Portfolio into one or more separate and distinct Classes. The beneficial interests of the Trust shall be divided into an unlimited number of Shares, with par value of $0.01 per Share. All Shares issued hereunder, including without limitation, Shares issued in connection with a dividend or other distribution in Shares or a split or reverse split of Shares, shall be fully paid and nonassessable.

  • Transfer of Beneficial Interests to Another Restricted Global Note A beneficial interest in any Restricted Global Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the requirements of Section 2.06(b)(2) above and the Registrar receives the following:

  • Transfer and Exchange of Beneficial Interests in Global Notes for Definitive Notes A beneficial interest in a Global Note may not be exchanged for a Definitive Note except under the circumstances described in Section 2.1(b)(ii). A beneficial interest in a Global Note may not be transferred to a Person who takes delivery thereof in the form of a Definitive Note except under the circumstances described in Section 2.1(b)(ii). In any case, beneficial interests in Global Notes shall be transferred or exchanged only for Definitive Notes.

  • Transfer or Exchange of Beneficial Interests for Definitive Notes If any holder of a beneficial interest in a Global Note proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Note, then, upon satisfaction of the conditions set forth in Section 2.06(b) hereof, the Trustee will cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.06(g) hereof, and the Issuer will execute and the Trustee will authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.06(c) will be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest requests through instructions to the Registrar from or through the Depositary and the Participant or Indirect Participant. The Trustee will deliver such Definitive Notes to the Persons in whose names such Notes are registered.

  • Transfer and Exchange of Beneficial Interests in Global Securities The transfer and exchange of beneficial interests in the Global Securities shall be effected through the Depository, in accordance with the provisions of this Indenture and the applicable rules and procedures of the Depository. Beneficial interests in Restricted Global Securities shall be subject to restrictions on transfer comparable to those set forth herein to the extent required by the Securities Act. Beneficial interests in Global Securities shall be transferred or exchanged only for beneficial interests in Global Securities. Transfers and exchanges of beneficial interests in the Global Securities also shall require compliance with either subparagraph (i) or (ii) below, as applicable, as well as one or more of the other following subparagraphs, as applicable:

  • Restrictions on Transfer of a Definitive Note for a Beneficial Interest in a Global Note A Definitive Note may not be exchanged for a beneficial interest in a Global Note except upon satisfaction of the requirements set forth below. Upon receipt by the Trustee of a Definitive Note, duly endorsed or accompanied by a written instrument of transfer in form reasonably satisfactory to the Company and the Registrar, together with:

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