Transferred Beneficial Interest definition

Transferred Beneficial Interest means all of the Beneficial Interest, save to the extent allocable to any interest in any Related Document which is not a New Related Document.
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Transferred Beneficial Interest means, as determined by the checked box in Table 1 of Schedule 3 (Transfer Details), either: the relevant Partial Beneficial Interest, as more particularly described in such Schedule; or all of the Residual Beneficial Interest, save to the extent allocable to any interest in any Related Document (as defined in Section 4.2) which is not a New Related Document (as defined in Section 4.2).
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Transferred Beneficial Interest means all of the Beneficial Interest, save to the extent allocable to any interest in any Related Document which is not a New Related Document. Transferred Obligations means, after giving effect to the amendments referred to in Section 2.4, all of the Existing Beneficiary’s obligations, duties and liabilities under the GATS Trust Instrument arising during or required to be performed during any period after the Effective Time.
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Examples of Transferred Beneficial Interest in a sentence

  • Assignment and Transfer of Beneficial Interest With effect from the Effective Time: the Existing Beneficiary assigns and transfers all of the Transferred Beneficial Interest to the New Beneficiary, and the New Beneficiary accepts such assignment and transfer; and the Trustee consents to the assignment and transfer of the Transferred Beneficial Interest to the New Beneficiary.

  • The Existing Beneficiary represents and warrants to the New Beneficiary, its successors and assigns that, immediately prior to the Effective Time, it is the sole beneficiary of the GATS Trust and, at the Effective Time, there is assigned and transferred to the New Beneficiary full legal and beneficial title to all of the Transferred Beneficial Interest free and clear of all Security Interests.

  • In this Instrument, unless the contrary intention appears: Allocable Aircraft Equipment means the Aircraft Equipment allocable to the Transferred Beneficial Interest, as identified and described in Table 1 of Schedule 3 (Transfer Details).

  • With effect from the Effective Time: the Existing Beneficiary assigns and transfers all of the Transferred Beneficial Interest to the New Beneficiary, and the New Beneficiary accepts such assignment and transfer; and the Trustee consents to the assignment and transfer of the Transferred Beneficial Interest to the New Beneficiary.

  • The Existing Beneficiary hereby represents and warrants to the New Beneficiary, its successors and assigns that there is assigned and transferred to the New Beneficiary at the Effective Time full legal and beneficial title to all of the Transferred Beneficial Interest free and clear of all Security Interests.

  • Grant of Security Interest in the Transferred Beneficial Interest The New Beneficiary may grant a Security Interest in all (but not less than all) of the Beneficial Interest held by it from time to time on the same terms as section 10.4 of the Master Terms (with all references to the ‘Beneficiary’, the ‘GATS Security Instrument’ and the ‘GATS Secured Party’ being deemed to refer to the New Beneficiary, the New GATS Security Instrument and the New GATS Secured Party, respectively).

  • The New GATS Secured Party (if any) shall not be a beneficiary of the GATS Trust or have any interest in the Transferred Beneficial Interest (except to the extent of the Security Interest granted or assigned and transferred to it pursuant to the New GATS Security Instrument).

  • The Existing Beneficiary represents and warrants to the New Beneficiary, its successors and assigns that there is assigned and transferred to the New Beneficiary at the Effective Time all of the Transferred Beneficial Interest free and clear of all Security Interests.

  • The Existing Beneficiary represents and warrants to the New Beneficiary, its successors and assigns that, immediately prior to the Effective Time, it is the sole beneficiary of the GATS Trust and, at the Effective Time, there is assigned and transferred to the New Beneficiary all of the Transferred Beneficial Interest free and clear of all Security Interests.