Participation Certificates definition

Participation Certificates means tradable instruments with no par value, which are not representative of the stock capital, as defined in article 46 of Brazilian Corporate Law.

Participation Certificates has the meaning set forth in Section 7(a)(i).

Participation Certificates shall have the meaning assigned thereto in Section 9.14.

Examples of Participation Certificates in a sentence

• As a part of that merger said American United Life Insurance Company agreed to issue said Participation Certificates in consideration of and proportionately to the extent of the surrender to it of the shares of capital stock above described.

• The Issuer has not authorized the filing of and is not aware of any financing statement filed against the Issuer that includes a description of collateral covering the Participation Certificates other than (1) any financing statement related to the Security Interest granted to the Indenture Trustee hereunder or (2) that has been terminated.

• The remainder of the Conversion Proceeds after the foregoing deductions and any expense incurred in accordance with the Trust Agreement shall be distributed annually at the times and in the manner provided in the Articles of Merger pro-rata to holders of Participation Certificates.

• Before March 31st of each year beginning with 1938 until all Participation Certificates are retired there shall be determined the gain or loss, which amount so determined shall constitute what is described in the Articles of Merger as the Conversion Proceeds.

• The owner hereof shall have no claim against any of the property or assets of American United Life Insurance Company except as is described in this Certificate and in the Articles of Merger, nor is any liability created hereby except as, and when funds are available as provided in said Articles of Merger for distribution to the owners of Participation Certificates.

More Definitions of Participation Certificates

Participation Certificates means the non-par negotiable instruments that are not included in the capital stock, as defined in article 46 of the Corporation Law.

Participation Certificates as defined in Section 2.03(a) hereof. --------------------------

Participation Certificates has the meaning set forth in Section 3.01(a).

Participation Certificates means participation certificates which evidence the Trust's ownership of an undivided fractional beneficial ownership interest in a construction and/or permanent mortgage loan.

Participation Certificates means, individually or collectively as applicable, the original participation certificates issued and delivered in connection with the related Participation Agreement.

Participation Certificates shall have the meaning assigned thereto in Section 8.15.

Participation Certificates shall have the meaning set forth in Section 5.3.