Beneficial Assets definition

Beneficial Assets. Any Type B Retained Franchise held for the benefit of the Partnership pursuant to Section 7.25.2 of the Contribution.
Sample 1Sample 2
Beneficial Assets has the meaning set forth in Section 2.9 hereto.
Sample 1
Beneficial Assets means the TWE Beneficial Assets and the TWEAN Beneficial Assets, and the related net cash flows.
Sample 1

Examples of Beneficial Assets in a sentence

  • The Partnership shall (and the Partners shall not, except as Partners of the Partnership) report, for Federal income tax purposes, the income, gain, deduction and loss with respect to the Beneficial Assets that are not Subsidiary Beneficial Assets, and the Partners shall (and the Partnership shall not) report, for Federal income tax purposes, the income, gain, deduction and loss with respect to the Subsidiary Beneficial Assets.

  • The Partnership shall (and the Partners shall not, except as Partners of the Partnership) report, for Federal income tax purposes, the income, gain, deduction and loss with respect to the Beneficial Assets.

  • The Partners agree that the respective Fair Market Values of (net of liabilities assumed or taken subject to) all assets contributed to the Partnership (or in the case of Beneficial Assets deemed contributed) by TCI and TWE-A/N are equal, and, accordingly, each such Partner shall receive equal Capital Account credit for such contributions.

  • Each Partner’s Capital Account shall be reduced by the amount of any cash distributions to such Partner and the Fair Market Value (net of liabilities assumed or taken subject to) of all property distributed in kind to such Partner (taking into account any deemed distribution of Beneficial Assets) and such Partner’s allocated share of Net Loss of the Partnership.

  • MSP discussions do not suggest a controversy where the effects of the sale or purchase of service territory are small.

  • Schedule 3.13B sets forth a complete and accurate list of all TWEAN Material Beneficial Assets and the holders thereof as of the date hereof.

  • Except as set forth in Schedule 3.13B, all TWEAN Material Beneficial Assets are held by Guarantors of the Obligations of TWEAN.

  • Section 6.06(e) of the Credit Agreement shall be amended by (I) deleting "assuming any Loans of TWI Cable" from clause (x)(ii) thereof and replacing it with "assuming any Allocated Loans" and (II) by adding "or (z) any holder of New Beneficial Assets (other than any Borrower or any Restricted Subsidiary) from distributing or otherwise transferring any assets other than such New Beneficial Assets" before the period thereof.

  • The Class P-1 Beneficial Assets and the Class P-2 Beneficial Assets are not separately transferable.

  • Each holder of New Beneficial Assets (each, in such capacity, a "New Holder Guarantor") shall have executed and delivered a New Holder Guarantee.


More Definitions of Beneficial Assets

Beneficial Assets shall be amended by adding ", the New Beneficial Assets" after "TWE Beneficial Assets".
Sample 1
Beneficial Assets shall have the meaning given to such term in Section 2.8 of this Agreement.
Sample 1

Related to Beneficial Assets

  • financial assets means (i) cash, (ii) securities, or (iii) a contract of insurance, a deposit or an evidence of a deposit that is not a security for the purposes of securities legislation;

  • Beneficial Holder A Person holding a beneficial interest in any Book-Entry Certificate as or through a DTC Participant or an Indirect DTC Participant or a Person holding a beneficial interest in any Definitive Certificate.

  • Financial Asset The meaning specified in Section 8-102(a)(9) of the UCC.

  • Beneficial Ownership Interest means the right to receive payments and notices with respect to the Bonds held in a Book Entry System.

  • Beneficial Interest means the opportunity, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, to profit, or share in any profit derived from, a transaction in the subject Securities. A Covered Person is deemed to have a Beneficial Interest in Securities owned by members of his or her Immediate Family. Common examples of Beneficial Interest include joint accounts, spousal accounts, UTMA accounts, partnerships, trusts and controlling interests in corporations. Any uncertainty as to whether a Covered Person has a Beneficial Interest in a Security should be brought to the attention of the Compliance Officer. Such questions will be resolved in accordance with, and this definition shall be subject to, the definition of “beneficial owner” found in Rules 16a-1(a)(2) and (5) promulgated under the Securities Exchange Act of 1934.

  • Ownership Interests means, with respect to any entity, any ownership interests in the entity and any economic rights (such as a right to distributions, net cash flow or net income) to which the owner of such ownership interests is entitled.

  • Uncertificated Security shall have the meaning given such term in Section 8-102(a)(18) of the UCC.

  • Certificated Security shall have the meaning given such term in Section 8-102(a)(4) of the UCC.

  • Beneficial use means the right to possession, use, and enjoyment of property, limited only by encumbrances, easements, and restrictions of record.

  • Uncertificated Securities means securities as defined in the Securities Services Act which are by virtue of the Companies Act transferable without a written instrument and are not evidenced by a certificate;

  • Certificated Securities means Securities in the form of physical, certificated Securities in registered form.

  • Applicable Ownership Interest means, with respect to the Treasury portfolio,

  • certificated means, in relation to a share, a share which is not in uncertificated form;

  • Related Security means, with respect to any Receivable:

  • Pledged Security Entitlements means all security entitlements with respect to the financial assets listed on Schedule 4.7(c) (as such schedule may be amended from time to time) and all other security entitlements of any Grantor.

  • Uncertificated Securities Regulations means the Uncertificated Securities Regulations 2001;

  • Investment Property the collective reference to (i) all “investment property” as such term is defined in Section 9-102(a)(49) of the New York UCC (other than any Foreign Subsidiary Voting Stock excluded from the definition of “Pledged Stock”) and (ii) whether or not constituting “investment property” as so defined, all Pledged Notes and all Pledged Stock.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • Capital Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency).

  • Unrestricted Certificated Security means a Certificated Security that is not a Restricted Security.

  • Trust Beneficial Owner means Global Funding, in its capacity as the sole beneficial owner of the Trust, and its successors.

  • Indirect Ownership Interest means an ownership interest in an entity that has an ownership interest in another entity. Indirect ownership interest includes an ownership interest in an entity that has an indirect ownership interest in another entity.

  • Purported Beneficial Transferee means, with respect to any purported Transfer (or other event) which results in a transfer to a Trust, as provided in Section 6.2.2 of this Article VI, the Purported Record Transferee, unless the Purported Record Transferee would have acquired or owned shares of Capital Stock for another Person who is the beneficial transferee or owner of such shares, in which case the Purported Beneficial Transferee shall be such Person.

  • Rule 144A Global Security has the meaning specified in Section 2.1(a) of Appendix A.

  • Securities Entitlement means the rights and property interest of an Entitlement Holder with respect to a Financial Asset as set forth in Part 5 of Article 8 of the Uniform Commercial Code of the State of New York, as the same may be amended from time to time.

  • Pledged Uncertificated Stock means any Stock or Stock Equivalent of any Person that is not a Pledged Certificated Stock, including all right, title and interest of any Grantor as a limited or general partner in any Partnership or as a member of any LLC and all right, title and interest of any Grantor in, to and under any Partnership Agreement or LLC Agreement to which it is a party.