Limited Owner definition

Limited Owner means any person or entity who becomes a holder of Limited Interests (as defined in Article III) and who is listed as such on the books and records of the Trust, and may include the Managing Owner with respect to the Limited Interests purchased by it.

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Limited Owner means any person or entity who is or becomes a Beneficial Owner of Limited Units of a Fund.

Limited Owner means any person entitled to a life estate in any land and includes persons deriving rights through him.

Examples of Limited Owner in a sentence

In no event shall a Limited Owner be entitled to demand or receive property other than cash.
Each Limited Owner agrees to be bound by any representations made by the Managing Owner and by any successor thereto, determined to be acting in good faith pursuant to such Power of Attorney and not constituting negligence or misconduct.
The Power of Attorney concurrently granted by each Limited Owner to the Managing Owner shall not authorize the Managing Owner to act on behalf of Limited Owners in any situation in which this Trust Agreement requires the approval of Limited Owners unless such approval has been obtained as required by this Trust Agreement.
The governing law of Agency Purchase Agreements depends on their terms.
No salary shall be paid to any Limited Owner in his capacity as a Limited Owner, nor shall any Limited Owner have a drawing account or earn interest on his contribution.

More Definitions of Limited Owner

Limited Owner means, as applicable, any Fund of PowerShares DB US Dollar Index Trust, a Delaware statutory trust.

Limited Owner means DB Commodity Index Tracking Fund, a Delaware statutory trust.

Limited Owner means a tenant for life of settled land or a person who has the powers of a tenant for life under the Settled Land Acts 1882 to 1890;

Limited Owner means a tenant for life of a settled estate in fee simple or a person who has the powers of a tenant for life over such an estate under the Settled Land Acts 1882 to 1890;

Limited Owner. , in relation to land, means a tenant for life (within the meaning of the Settled Land Act 1891) of the land and a person who under that Act has the powers of a tenant for life of the land;

Limited Owner means DB Currency Index Value Fund, a Delaware statutory trust.

Limited Owner has no right: (i) to participate or interfere in the management or administration of the Company's business or affairs, including by virtue of appointment of one or more Managers, (ii) to vote or agree on any matter affecting the Company or any Member, (iii) to require any information on account of Company transactions or (iv) except as provided in the next succeeding sentence, to inspect the Company's books and records. The only rights of a Limited Owner are: (x) to obtain the information specified in 10.7 if it executes a confidentiality agreement (in form and substance satisfactory to the Board) concerning such information if not already bound by 10.7, (y) to receive the allocations and Distributions to which the Units of the Limited Owner are entitled and (z) to receive all necessary tax reporting information. Neither the Company, the Managers nor the Members will owe any fiduciary duty of any nature to a Limited Owner. However, each Limited Owner will be subject to all of the obligations, restrictions and other terms contained in this Agreement as if it were a Member.