Beneficial Interest Certificates definition

Beneficial Interest Certificates means the certificates evidencing a beneficial interest in WEST issued by WEST pursuant to the Trust Agreement.
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Beneficial Interest Certificates has the meaning specified in the Indenture.
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Beneficial Interest Certificates means any Beneficial Interest Certificates issued pursuant to the Trust Agreement (or pursuant to any supplements thereto).
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Examples of Beneficial Interest Certificates in a sentence

  • This Agreement shall have a term commencing on the Initial Closing Date and expiring on the date of payment in full of all amounts outstanding to be paid on the Notes (and any other obligations secured by the Security Trust Agreement) and all amounts outstanding to be paid to the holders of the Beneficial Interest Certificates.

  • This Agreement shall expire on the later of (i) the date of payment in full of all amounts outstanding to be paid under the Notes (and other similar obligations issued under the Indenture or other debt instrument or otherwise secured under the Security Trust Agreement), and of all amounts outstanding to be paid to the holders of the Beneficial Interest Certificates and (ii) the date on which neither WEST nor any Subsidiary shall own or lease any Asset.

  • If there is more than one Certificate Holder Purchaser, the Notes shall be allocated between or among the Certificate Holder Purchasers in proportion to their percentage interest in the Beneficial Interest Certificates or on such other basis as such Certificate Holders may agree, and the Certificate Holder Purchase Date shall be the latest date specified in the Certificate Holder Purchase Option Notices delivered by such Certificate Holder Purchasers.

  • Xxxxxx intends for the sale of each Initial Asset Interest to constitute a valid transfer of such asset and the related Transferred Property to WEST and intends that after the relevant Delivery Date, Xxxxxx shall retain no right, title or interest in such asset (other than through its ownership of Beneficial Interest Certificates in WEST).

  • All Beneficial Interest Certificates issued hereunder shall be fully paid and nonassessable.

  • No certificates certifying the ownership of Beneficial Interest Certificates need be issued except as the Managing Trustees otherwise determine from time to time.

  • The legal ownership of the Trust Assets is vested exclusively in the Trust as herein provided, and the Beneficial Owners shall have no interest therein other than the beneficial interest in the Trust conferred by their Beneficial Interest Certificates and shall have no right to compel any partition, division, dividend, or distribution of the Trust or any of the Trust Assets.

  • The right of Beneficial Owners to institute such a derivative action is subject to the restriction that Beneficial Owners holding a minimum of ten percent (10%) of the outstanding Beneficial Interest Certificates join in the institution of such action.

  • The holders of not less than a majority in percentage of the interests represented by the Beneficial Interest Certificates shall be a quorum for the transaction of business at a Beneficial Owners’ meeting.

  • All Beneficial Interest Certificates shall be personal property entitling the Beneficial Owner only to those rights provided in this Declaration.


More Definitions of Beneficial Interest Certificates

Beneficial Interest Certificates means all certificates issued under the Trust Agreement, including the Initial Certificates and all Additional Certificates, if any, so designated, in each case representing pari passu percentage beneficial interests in the property of the Issuer arising out of the Trust Agreement.
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Beneficial Interest Certificates has the meaning specified in the Indenture. “Closing Date” means October 31, 2023. “USB” has the meaning specified in the recital of parties to this Agreement. “Engine[s]” has the meaning assigned to such term in Schedule 1 attached hereto. “Excluded Payments” means payments in respect of (i) indemnities (including interest thereon, if applicable) payable (directly or indirectly) by a Lessee to an indemnitee (other than to a Grantor for its own account) pursuant to a Lease and (ii) proceeds of public liability insurance in respect of the Assets payable, directly or indirectly, as a result of insurance claims paid, or losses suffered, by a Person (other than a Grantor for its own account) and including, for the avoidance of doubt, the Lessee. “Grantor” has the meaning specified in the recital of parties to this Agreement. “Indenture” has the meaning specified in the recitals to this Agreement. “Initial Lease” has the meaning assigned to such term in Schedule 1 attached hereto. “Issuer” has the meaning specified in the recitals to this Agreement. “Issuer Group Member” means the Issuer or any Issuer Subsidiary.
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Beneficial Interest Certificates has the meaning given to such term in the Trust Agreement.
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Related to Beneficial Interest Certificates

  • Residual Interest Certificate means any of the Class R-I Certificates, the Class R-II Certificates, the Class R-III Certificates or, if issued in accordance with Section 2.06, the Class R-LR Certificates.

  • 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.

  • Definitive Capital Securities Certificates means either or both (as the context requires) of (i) Capital Securities Certificates issued as Book-Entry Capital Securities Certificates as provided in Section 5.11, and (ii) Capital Securities Certificates issued in certificated, fully registered form as provided in Section 5.13.

  • Accrual Certificates As specified in the Preliminary Statement.

  • Regulation S Global Certificates As defined in Section 5.02(c)(i) of this Agreement.

  • Definitive Trust Certificates shall have the meaning set forth in Section 3.10.

  • Rule 144A Global Certificates As defined in Section 5.02(c)(ii) of this Agreement.

  • Global Certificates Any Certificate registered in the name of the Depository or its nominee.

  • Class R-I Certificate Any one of the Class R-I Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC I for purposes of the REMIC Provisions.

  • Grantor Trust Certificates Any class of commercial mortgage pass-through certificates issued under this Agreement that is designated as evidencing an interest in the Grantor Trust. The Class S Certificates and the Class VRR Certificates shall be the only Classes of Grantor Trust Certificates issued under this Agreement.

  • Book-Entry Preferred Securities Certificates means a beneficial interest in the Preferred Securities Certificates, ownership and transfers of which shall be made through book entries by a Clearing Agency as described in Section 5.11.

  • Definitive Preferred Securities Certificates means Preferred Securities issued in certificated, fully registered form that are not Global Preferred Securities.

  • Class R-II Certificate Any one of the Class R-II Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC II for purposes of the REMIC Provisions.

  • Class B Certificate Any one of the Certificates designated as a Class B-1 Certificate, Class B-2 Certificate or Class B-3 Certificate.

  • Trust Certificates means the asset backed certificates issued pursuant to the Trust Agreement, substantially in the form of Exhibit A to the Trust Agreement.

  • Class R Residual Interests The Class R-1 and Class R-2 Residual Interests (which shall be transferable only as a unit evidenced by the Class R Certificates, in accordance with the applicable provisions of Section 5.01).

  • Definitive Capital Securities means any Capital Securities in definitive form issued by the Trust.

  • Residual Certificates As specified in the Preliminary Statement.

  • Regulation S Global Certificate With respect to any Class of Book-Entry Non-Registered Certificates offered and sold outside of the United States in reliance on Regulation S, a single global Certificate, or multiple global Certificates collectively, in definitive, fully registered form without interest coupon, each of which Certificates bears a Regulation S Legend.

  • Trust Certificate means a certificate evidencing the beneficial interest of a Certificateholder in the Trust, substantially in the form of Exhibit A to the Trust Agreement.

  • Class R-III Certificate Any one of the Class R-III Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC III for purposes of the REMIC Provisions.

  • Rule 144A Global Certificate With respect to any Class of Book-Entry Certificates, a single global Certificate, or multiple global Certificates collectively, registered in the name of the Depository or its nominee, in definitive, fully registered form without interest coupons, each of which Certificates bears a Qualified Institutional Buyer CUSIP number and does not bear a Regulation S Legend.

  • Restricted Global Certificate Has the meaning specified in Section 3.01(c).

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

  • 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.

  • Physical Certificates As specified in the Preliminary Statement.