Rights of Beneficial Owners Clause Samples
The 'Rights of Beneficial Owners' clause defines the entitlements and protections granted to individuals or entities who hold the benefits of ownership in an asset, even if legal title is held by another party, such as a trustee or nominee. This clause typically outlines the specific rights these beneficial owners have, such as receiving income, voting on certain matters, or directing the actions of the legal titleholder. By clearly delineating these rights, the clause ensures that beneficial owners are recognized and protected, preventing disputes over control and access to the benefits of the asset.
Rights of Beneficial Owners. No beneficial owner of a beneficial interest in any Global Note held on its behalf by a Depositary shall have any rights under this Indenture with respect to such Global Note, and such Depositary may be treated by the Company, the Trustee, and any agent of the Company or the Trustee as the sole beneficial owner of such Note for all purposes whatsoever.
Rights of Beneficial Owners. No beneficial owner of a beneficial interest in any Global Security held on its behalf by a Depositary shall have any rights under this Indenture with respect to such Global Security, and such Depositary may be treated by the Company, the Trustee, and any agent of the Company or the Trustee as the sole beneficial owner of such Security for all purposes whatsoever.
Rights of Beneficial Owners. The rights of beneficial owners of Debentures who hold securities entitlements in respect of the Debentures through the book entry registration system shall be limited to those established by applicable law and agreements between the Depository and the Book Entry Only Participants and between such Book Entry Only Participants and the beneficial owners of Debentures who hold securities entitlements in respect of the Debentures through the book entry registration system of the Depository, and such rights must be exercised through a Book Entry Only Participant in accordance with the rules and procedures of the Depository.
Rights of Beneficial Owners. The rights of beneficial owners of Subscription Receipts who hold securities entitlements in respect of the Subscription Receipts through the book entry registration system shall be limited to those established by applicable Law and agreements between the Depository and the Depository Participants and between such Depository Participants and the beneficial owners of Subscription Receipts who hold securities entitlements in respect of the Subscription Receipts through the book entry registration system of the Depository, and such rights must be exercised through a Depository Participant in accordance with the rules and procedures of the Depository. Transfers of Subscription Receipts between Depository Participants shall occur in accordance with the Depository’s rules and procedures.