Signature of Beneficial Owners Clause Samples
The 'Signature of Beneficial Owners' clause requires that individuals or entities who ultimately own or control an interest in a company or asset formally sign relevant documents. This clause typically applies in contexts where transparency of ownership is important, such as in corporate resolutions, banking agreements, or compliance with anti-money laundering regulations. By mandating signatures from beneficial owners, the clause ensures accountability and helps verify the true parties behind a transaction, thereby reducing the risk of fraud or hidden ownership.
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Signature of Beneficial Owners. Each Investor will execute the Signature Page for Assignee or Transferee Beneficial Owners of DCX [·] DST, a Delaware statutory trust in substantially the form set forth in Exhibit E (the “Signature Page”) in connection with their acquisition of a Class 1 Beneficial Interests. By executing the Signature Page, each Investor hereby acknowledges and agrees to be bound by the terms of the limited partnership agreement contemplated under Section 9.2 and in the form substantially similar to that set forth in Exhibit F (the “LP Agreement”) when and if such limited partnership is formed and pursuant to Section 19.19 of the LP Agreement. In addition, in light of their agreement to this Section 10.10, each Investor hereby acknowledges and agrees that their signature to the LP Agreement will not be required as of the Kick-out Date (as defined in the LP Agreement).