Trust Beneficial Interest definition

Trust Beneficial Interest means the undivided beneficial interest in the assets held in the Trust, having such rights as provided for herein.

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Trust Beneficial Interest has the meaning set forth in the Trust Agreement.

Trust Beneficial Interest means the undivided beneficial interest in the assets held in the Trust, having such rights as are provided for in the Trust Agreement.

Examples of Trust Beneficial Interest in a sentence

Upon the maturity of the Funding Agreement and the return of funds thereunder, the Trust hereby directs the Indenture Trustee to set aside from such funds an amount sufficient for the repayment of the outstanding principal on the Notes and Trust Beneficial Interest when due.
Upon the creation of the Trust and the registration of the Trust Beneficial Interest in the Securities Register (as defined in the Trust Agreement) by the Registrar in the name of the Trust Beneficial Owner, the Trust Beneficial Owner shall be the sole beneficial owner of the Trust.
Interest shall accrue on the Fund in the same amount and pursuant to the same terms as interest accrues on the Notes secured by this Agreement and on the Trust Beneficial Interest related to the Notes.
Upon the creation of the Trust and the registration of the Trust Beneficial Interest in the Securities Register by the Registrar in the name of the Trust Beneficial Owner, the Trust Beneficial Owner shall be the sole beneficial owner of the Trust.
Upon the creation of the Trust and the registration of the Trust Beneficial Interest in the Securities Register (as defined in the Trust Agreement) by the Trust Registrar in the name of the Trust Beneficial Owner, the Trust Beneficial Owner shall be the sole beneficial owner of the Trust.
To the fullest extent permitted by law, any attempted transfer of the Trust Beneficial Interest shall be void.
The fractional undivided beneficial interest in the assets held in the Trust represented by the Trust Beneficial Interest shall be nonassessable for any losses or expenses related to the Trust or for any reason whatsoever.
On the Issuance Date of the Trust, the Trust Beneficial Owner shall acquire and retain beneficial and record ownership of the Trust Beneficial Interest.
The Delaware Trustee, Administrator and the Registrar shall treat the Person in whose name any Trust Beneficial Interest is registered as the owner of such Trust Beneficial Interest for all purposes whatsoever, and none of the Delaware Trustee, Administrator and the Registrar shall be bound by any notice to the contrary.
The Trust Beneficial Owner acknowledges that the Trust Beneficial Interest represents a beneficial interest in the Trust only and does not represent an obligation of Protective Life, the Delaware Trustee, the Administrator, the Indenture Trustee or any Affiliate of any of the foregoing and no recourse may be had against such parties or their assets, except as may be expressly set forth or contemplated in this Agreement or the Indenture.

More Definitions of Trust Beneficial Interest

Trust Beneficial Interest means the undivided beneficial interest in the assets held in the Trust, having such rights as provided for in the Trust Agreement.

Trust Beneficial Interest shall have the meaning specified in the Trust Agreement.

Trust Beneficial Interest means either a Transferor Beneficial Interest or a Supplemental Beneficial Interest.

Trust Beneficial Interest means trust beneficial interests in trust assets comprised mainly of real estate, and “Real estate” means actual real estate.

Trust Beneficial Interest means the Pro Rata interests in the Liquidating Trust of the

Trust Beneficial Interest means the Agent-Trust Beneficial Interest and the Statutory Trust Beneficial Interest as defined in Section I of this Memorandum;