Excess Units Trustee definition

Excess Units Trustee means the Person designated by the General Partner to act as trustee of any Trust, or any successor trustee thereof. For the avoidance of doubt, the Excess Units Trustee shall be a “United States Person” within the meaning of Section 7701(a)(30) of the Code and unaffiliated with both the Partnership and any Purported Record Transferee (and, if different than the Purported Record Transferee, the Person who would have had Beneficial Ownership of the interests that would have been owned of record by the Purported Record Transferee)).
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Excess Units Trustee means the Partnership as trustee for the Excess Units Trust, and any successor trustee appointed by the Trust.
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Examples of Excess Units Trustee in a sentence

  • Upon any purported Transfer that results in Excess Units pursuant to Section 5.2(b), such Excess Units shall be deemed to have been transferred to the Excess Units Trustee, as trustee of the Excess Units Trust for the exclusive benefit of the Charitable Beneficiary.

  • At the direction of Company, the Excess Units Trustee shall transfer the Membership Interests held in the Excess Units Trust to a person whose ownership of the Membership Interests will not violate the Ownership Limit and for whom such transfer would not be wholly or partially void pursuant to Section 5.2(a).

  • The Excess Units Trustee shall be entitled to vote the Excess Units for the benefit of the Charitable Beneficiary on any matter.

  • The owner of the Excess Units shall be deemed to have given an irrevocable proxy to the Excess Units Trustee to vote the Excess Units for the benefit of the Charitable Beneficiary.

Related to Excess Units Trustee

  • Administrator/Benchmark Event means, in relation to any Benchmark, the occurrence of a Benchmark Modification or Cessation Event, a Non-Approval Event, a Rejection Event or a Suspension/Withdrawal Event all as determined by the Issuer.

  • Administrator/Benchmark Event Date means, in respect of an Administrator/Benchmark Event, the date on which the authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register is (i) required under any applicable law or regulation; or

  • Corporate Trustee means a Trustee which is a banking institution or trust company regularly engaged in the business of trust administration in which no Beneficiary has any controlling interest.

  • Co-Trustee has the meaning set forth in the Basic Servicing Agreement.

  • Independent Fund Trustee means a trustee of the Trust who is not an “interested person” as that term is defined in Section 2(a)(19) of the 1940 Act.

  • Note A-2 Trustee means the trustee under the Note A-2 PSA.

  • FTPS Unit Servicing Agent means FTP Services LLC or any successor FTPS Unit servicing agent appointed as hereinafter provided."

  • Fund/SERV Eligible Unit Servicing Agent means FTP Services LLC or any successor Fund/SERV Eligible Unit servicing agent appointed as hereinafter provided."

  • Plan Trustee means the Person appointed pursuant to Article V of the Plan and the Plan Trust Agreement for the purpose of acting as Trustee of the Plan Trust in accordance with the terms and conditions contained in the Plan, the Plan Trust Agreement and the Confirmation Order.

  • Note A-2 Trust Fund means the trust formed pursuant to the Note A-2 PSA.

  • Class A-PO Certificateholder The registered holder of a Class A-PO Certificate.

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • Class C Trustee Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • Note A-1 Trustee means the trustee under the Note A-1 PSA.

  • Note A-3 Trust Fund means the trust formed pursuant to the Note A-3 PSA.

  • Share Trustee means Monument Trustees Limited, with its registered office at 57 Herbert Lane, Dublin 2, Ireland and CRO number 345558, and any successor thereto.

  • Note A-3 Trustee means the trustee under the Note A-3 PSA.

  • Note A-4 Trustee means the trustee under the Note A-4 PSA.

  • Portfolio Administrator means any entity and any successor or replacement thereto, as specified in the Final Terms for each Series of ETP Securities, appointed as Portfolio Administrator in accordance with the terms of the relevant Portfolio Administration Agreement.

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • Supplemental Interest Trust Trustee Xxxxx Fargo Bank, N.A., a national banking association, not in its individual capacity but solely in its capacity as supplemental interest trust trustee, and any successor thereto.

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Class B Trustee Class C Certificate", "Class C Certificateholder", "Class C Trust", "Class C Trustee", "Class D Certificate" and "Class D Trust", shall have the respective meanings assigned to such terms in the Intercreditor Agreement.

  • NIM Trustee The trustee for the NIM Securities.

  • Class A LP Units means the Class A limited partnership units of the Partnership.