Beneficial Interest definition

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.

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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.

Beneficial Interest means the opportunity, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, to share at any time in any economic interest or profit derived from an ownership of or a transaction in a Security.

Examples of Beneficial Interest in a sentence

• This Agreement does not create for, or give to, such Beneficiary any direct legal interest or property rights in the Trust Assets, but does create a beneficial interest in the Trust Assets, only to the extent of such Beneficiary’s Beneficial Interest.

• The Administrative Trustee shall use its reasonable best efforts to distribute to the Beneficiaries funds derived from the Trust Assets as soon as possible consistent with its objective of maximizing the value of the Trust Assets and shall, in its reasonable discretion, make distributions from the Trust from time to time to the Beneficiaries pro-rata based on their percentage Beneficial Interest.

• AND DEDICATION AGREEMENT TO WILL SERVE COMMITMENT This Assignment of Beneficial Interest in Water Rights to Will Serve Commitments is executed this day of , 20 , by (hereinafter “Assignor”).

• A Beneficiary is entitled to its Beneficial Interest subject to all of the terms and provisions of this Agreement.

• The interest of a Beneficiary of the Trust is in all respects personal property, and upon the insolvency, dissolution or incapacity of such Beneficiary, such Beneficiary’s Beneficial Interest shall pass to the legal representative of such Beneficiary and such insolvency, dissolution or incapacity shall not terminate or affect the validity of this Agreement.

More Definitions of Beneficial Interest

Beneficial Interest means the opportunity to share, directly or indirectly, in any profit or loss on a transaction in Securities, including but not limited to all joint accounts, partnerships and trusts.

Beneficial Interest means the interest of the Owner Participant under the Trust Agreement.

Beneficial Interest means any interest by which an Affiliate or Covered Person, or any member of his or her immediate family (relative by blood or marriage) living in the same household, can directly or indirectly derive a monetary benefit from the purchase, sale or ownership of a security except such interests as a majority of the Independent Directors of the affected Oppenheimer fund(s) shall determine to be too remote for the purpose of this Code of Ethics.

Beneficial Interest means an interest whereby a person can, directly or indirectly, control the disposition of a Security or a Reportable Fund or derive a monetary, pecuniary or other right or benefit from the purchase, sale or ownership of a Security or a Reportable Fund (e.g., interest payments or dividends).

Beneficial Interest means the beneficial interest in the Portion of the Delivery Asset granted in accordance with clause 10 of the Terms;

Beneficial Interest means having an economic benefit as a legal owner or holding it on trust for the beneficial owner, having a right to the income from the land or securities or a share in it or the right to the proceeds of sale or share of part of the proceeds of sale

Beneficial Interest means each Beneficiary’s proportionate share of the Trust Assets in the Trust determined by the ratio of the number of Partnership Units held by the Initial Beneficiary on the close of business on the Record Date in the Partnership over the total number of Partnership Units existing on such Record Date in the Partnership and thereafter each Beneficiary’s proportional beneficial interest in the Trust represented by Trust Units.