Beneficiary Interest definition
Examples of Beneficiary Interest in a sentence
Failure by Lessee to elect the Maturity Date Purchase Option with respect to the Property or the Beneficiary Interest shall be deemed Lessee's election to acquire Lessor's right, title and interest in and to the Property in accordance with Section 19.1(a).
Any conveyance of the Property Interest or Investors' Beneficiary Interest to Lessee or any applicable purchaser or designee pursuant to Sections 16, 17, 19.1, 20 or 21 shall cut off and terminate any interest in the Improvements or other Property Interest claimed by, through or under Lessor, including any Lien or other interest claimed by the Agent Bank, Banks, Investors, the Collateral Agent, the Collateral Trustee, the SPC Secured Parties or any other Participant.
The Issuer contemplates to make a public offering in Japan of the Beneficiary Interest (the “Offering”), and list the Beneficiary Interest on the Tokyo Stock Exchange (Defined in Article 2).
The Port may settle any Enforcement Action Regarding Direct Port Third Party Beneficiary Interest Provisions, on any terms the Port desires in the Port’s sole discretion, provided that no such settlement shall modify the terms of any Substantial City Interest Ground Lease Provision or decrease the amounts of Lease Revenues payable by the City under the Facility Lease without the prior written consent of the City, which the City may withhold in the City’s sole discretion.
Following the City’s notification to the Port of a proposed Direct Port Third Party Beneficiary Interest Provision Action, the Port and the City will Consult with one another regarding such Direct Port Third Party Beneficiary Interest Provision Action.
The Trustees shall distribute the amount of the balance remaining after deducting withholding income tax (including local tax), to the extent it is applicable, from the amount of trust dividends calculated in proportion to the units of Beneficiary Interests held by each relevant Beneficiary on the basis of the price of the trust dividends for each unit of Beneficiary Interest described in the preceding Paragraph to each Beneficiary entitled to receive the Cash Dividends, Etc.
In the event of any dispute arising in connection with this Agreement and the Beneficiary Interest, the Tokyo District Court shall be the exclusive court of first instance.
Notwithstanding the foregoing, if it is reasonably deemed that such disposal should be difficult, the Trustees may deliver the units of the Entrusted Shares of which the number is determined by the number of units of Beneficial Interests owned by the Beneficiary divided by the Beneficiary Interest Vesting Rate, without such disposal.
The Series 03-3 Investor Beneficiary, shall be beneficially entitled, in the amounts specified herein, to that portion of Principal Collections and Finance Charge Collections allocated to the Series 03-3 Investor Beneficiary together with funds on deposit in the Trust Accounts, which are expressly segregated for such Series 03-3 Investor Beneficiary Interest.
If a Trust Issuing Certificate of Beneficiary Interest is created for the Shares in the Issuer with different contents from the Entrusted Shares of the Trust and the Beneficiary Interest on such Trust Issuing Certificate of Beneficiary Interest is listed on the Tokyo Stock Exchange, such other Beneficiary Interest shall be treated separately from the Beneficial Interest.