Deceased Owner definition

Deceased Owner means the individual named in the Data Pages, now deceased, who owned the Original IRA.

Deceased Owner means a registered owner of any trademark who has died, whether before or after the commencement of this Act, and includes an applicant for the registration of a trademark who has died before it is registered, whether before or after the commencement of this Act;

Deceased Owner. A Certificate Owner of an Insured Certificate who was living at the time such interest was acquired and whose authorized personal representative, surviving tenant by the entirety, surviving joint tenant or surviving tenant in common or other person empowered to act on behalf of a deceased Certificate Owner causes to be furnished to the Depository evidence of death satisfactory to the Depository Participant and any tax waivers requested by the Depository Participant.

Examples of Deceased Owner in a sentence

• However, if less than all of the said Remaining Owners exercise the Death Option, then the Interests covered by the Death Option over which the Death Option is not exercised may be exercised in similar proportions by the said Remaining Owner(s) who purchase Interests pursuant to this Section 2.01(a), it being understood that only one (1) Remaining Owner may wind up exercising a Death Option for up to all of the Interests of the Deceased Owner and his Spouse.

• If the Remaining Owner(s) fails to exercise the Death Option within the one hundred eighty (180) day time period, then the Entity shall purchase the Interests of the Deceased Owner and his Spouse within ninety (90) days of the end of the Death Option Period or receipt of notice of all of the Remaining Owners’ decisions not to exercise the Death Option, whichever first occurs, to purchase all of the Interests of the Deceased Owner and his Spouse.

• The Death Option granted in Section 2.01(a) in favor of the Remaining Owners of the same class of Interests as that of the Deceased Owner and/or his Spouse shall be joint and several vis-a-vis the Remaining Owners who exercise the Death Option to purchase the Interests of the Deceased Owner and his Spouse.

• The Remaining Owner(s) of the Entity shall have one hundred eighty (180) days from receipt of notice of the Deceased Owner’s death (“Death Option Period”) within which to exercise their Death Options and to purchase the Interests of the Deceased Owner and his Spouse.

• In the absence of any such written agreement, these Remaining Owners shall share the Death Option in accordance with the percentage of the Interests of each Remaining Owner in the class of Interests as the Deceased Owner as of the date of commencement of the Death Options pursuant to Section 2.01(a) shall bear to the total percentage Interests of all Remaining Owners of the same class of Interests as the Deceased Owner as of the date of commencement of the Death Options who exercise the Death Option.

• The Owners and their Representatives agree that the estate of the Deceased Owner shall have a good faith obligation to contest to conclusion any attempt by the taxing authority to change the value as originally determined herein as well as an obligation to keep the Entity and/or the other purchasers apprised of developments in the audit, appeal or judicial proceeding.

• If the Remaining Owner(s) do not exercise the Death Option to purchase all of the Interests of the Deceased Owner and/or his Spouse for any reason, then the Entity hereby is obligated to redeem the Interests of the Deceased Owner and/or his Spouse that are not purchased by the Remaining Owner(s).

More Definitions of Deceased Owner

Deceased Owner has the meaning set forth in Section 2.01(a).

Deceased Owner means (i) an Owner Covered Person who is the estate, heir or beneficiary of a deceased Xxxxxx Holdings Owner and (ii) a Xxxxxx Holdings Owner who dies after the date hereof, and his estate, heirs and beneficiaries.

Deceased Owner. A Certificate Owner of a Retail Lottery Certificate who was living at the time such interest was acquired and whose authorized personal representative, surviving tenant by the entirety, surviving joint tenant or surviving tenant in common or other person empowered to act on behalf of a deceased Certificate Owner causes to be furnished to the Depository evidence of death satisfactory to the Depository Participant and any tax waivers requested by the Depository Participant.