Deceased Owner definition
Examples of Deceased Owner in a sentence
A Retail Principal Distribution Request submitted on behalf of a Living Owner who thereafter becomes a Deceased Owner shall become entitled to the priority of a newly submitted request on behalf of a Deceased Owner, provided that, as to any Distribution Date, the Depository has received and forwarded to the Paying Agent appropriate evidence of death and any required tax waivers on or before the related Record Date.
In the case of a request on behalf of a Deceased Owner, appropriate evidence of death and any tax waivers are required to be forwarded to the Depository Participant under separate cover.
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 Affected Owner is a --------------------------------- Deceased Owner, then Corporation shall purchase and the Deceased Owner's personal representative shall sell all of the Deceased Owner's Stock that was not purchased in accordance with Section 5.1(a) or Section 5.1(b), for the Purchase Price and on the Payment Terms.
If the Affected Owner is not a Deceased --------------------- Owner or a Selling Owner, 75% of the Purchase Price calculated in accordance with Section 8.1(a) as if the Affected Owner were a Deceased Owner.
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).
If the Affected Owner is a Deceased Owner, the -------------- Agreed Value (in effect on the date the Triggering Event occurred) multiplied by the number of shares of such Stock.
Deceased Owner (Others) — Copy of death certificate (see also Executor/Administrator/Guardian below).
If the Affected Owner is a Selling Owner, either ------------- the price calculated in accordance with Section 8.1(a) as if the Selling Owner were a Deceased Owner, or the Offer Price (as defined in Section 4.2), at the purchaser's 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.