Holder of the GP Interest definition

Holder of the GP Interest means TMS SPV, Inc., a Delaware special purpose corporation and an Affiliate of The Money Store. Inc.
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Holder of the GP Interest means TMS Auto Holdings, Inc., a Delaware special purpose corporation and an Affiliate of The Money Store.
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Holder of the GP Interest shall have thx xxxxxng given such term in the Trust Agreement.
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Examples of Holder of the GP Interest in a sentence

  • Certificateholders shall thereafter look solely to the Holder of the GP Interest as general unsecured creditors.

  • Any funds remaining in the Trust after exhaustion of such remedies shall be distributed, subject to applicable escheat laws, by the Owner Trustee to the Holder of the GP Interest.

  • Any attempted transfer of any Trust Certificate that would reduce such interest of the Holder of the GP Interest below 1% of the Ownership Percentage shall be void.

  • In addition, any third party creditors of the Trust (other than in connection with the obligations described in the preceding sentence for which the Holder of the GP Interest shall not be liable) shall be deemed third party beneficiaries of this paragraph.

  • On and after the Closing Date, the Holder of the GP Interest shall retain beneficial and record ownership of Trust Certificates representing at least 1% of the Ownership Percentage, including the GP Interest.

  • The Trust Certificate representing the 1% GP Interest issued to the Holder of the GP Interest shall contain a legend stating "THIS CERTIFICATE IS NOT TRANSFERABLE".

  • For purposes of the Business Trust Statute, the GP Interest shall be deemed a separate class of beneficial ownership interest in the Trust from all other beneficial ownership interests in the Trust, and the Holder of the GP Interest, as such, shall be deemed a separate class of beneficial owner of the Trust from all other beneficial owners of the Trust.

  • In the event that an Insolvency Event shall occur with respect to the Holder of the GP Interest, the Trust shall dissolve and this Agreement shall be terminated in accordance with Section 9.1 90 days after the date of such Insolvency Event, unless, before the end of such 90-day period, the Owner Trustee shall have received written instructions from the Holder of the Voting Interest to the effect that each such party disapproves of the liquidation of the Loans and dissolution of the Trust.

  • The Certificate Registrar shall furnish or cause to be furnished to the Servicer, the Representative, and the Holder of the GP Interest, within 15 days after receipt by the Certificate Registrar of a request therefor from the Servicer, the Representative, or the Holder of the GP Interest in writing, a list, in such form as the Servicer, the Representative, or the Holder of the GP Interest may reasonably require, of the names and addresses of the Certificateholders as of the most recent Record Date.

  • It is the intent of the Representative, Servicer, the Originators, the Holder of the GP Interest and Certificateholders that, for purposes of Federal income taxes, the Trust will be treated as a partnership and the Certificateholders (including the Holder of the GP Interest) will be treated as partners in that partnership.

Related to Holder of the GP Interest

  • Preferred Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency).

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Principal Holder means a person who, directly or indirectly, beneficially owns or controls 10% or more of any class of voting securities of the Corporation.

  • Book-Entry Preferred Security means a Preferred Security, the ownership and transfers of which shall be made through book entries by a Depositary.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • Series B Holder means a Record Holder of the Series B Preferred Units.

  • New Security means the establishment of a position which is not currently held by a client portfolio on the day the position is established.

  • Senior Security or “Senior Securities” means any Security or Securities designated pursuant to Section 301 as a Senior Security.

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Common Units, Partnership Preferred Units or other Partnership Units.

  • Initial Note A-6 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Subordinated Security or “Subordinated Securities” means any Security or Securities designated pursuant to Section 301 as a Subordinated Security.

  • Capital Security means an undivided beneficial interest in the assets of the Issuer Trust, having a Liquidation Amount of $1,000 and having the rights provided therefor in this Trust Agreement, including the right to receive Distributions and a Liquidation Distribution as provided herein.

  • Holder of Debt Securities or other similar terms means, a Person in whose name a Debt Security is registered in the Debt Security Register (as defined in Section 2.07(a)).

  • exchangeable security means a security of an issuer that is exchangeable for, or carries the right of the holder to acquire, or of the issuer to cause the acquisition of, a security of another issuer;

  • Holder means a Person in whose name a Security is registered in the Security Register.

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).

  • Capital Security Beneficial Owner means, with respect to a Book Entry Interest, a Person who is the beneficial owner of such Book Entry Interest, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency).

  • Preferred Security means an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $1,000 and having the rights provided therefor in this Trust Agreement.

  • Junior Security of a Person means, when used with respect to the Securities of any series, any Qualified Capital Stock of such Person or any Indebtedness of such Person that is subordinated in right of payment to the Securities of such series and has no scheduled installment of principal due, by redemption, sinking fund payment or otherwise, on or prior to the Stated Maturity of the Securities of such series.

  • LCR Security means any commercial paper or security (other than equity securities issued to Parent or any Originator that is a consolidated subsidiary of Parent under GAAP) within the meaning of Paragraph .32(e)(viii) of the final rules titled Liquidity Coverage Ratio: Liquidity Risk Measurement Standards, 79 Fed. Reg. 197, 61440 et seq. (October 10, 2014).

  • Initial Note A-8 Holder shall have the meaning assigned to such term in the preamble to this Agreement.

  • Common Security means an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $25 and having the rights provided therefor in this Trust Agreement, including the right to receive Distributions and a Liquidation Distribution as provided herein.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of the Act.

  • Existing Holder means a Broker-Dealer or any such other Person as may be permitted by the Corporation that is listed as the holder of record of shares of AMPS in the Stock Books.

  • Holder of Notes means a Person in whose name a Note is registered in the Security Register.