Trust Interest definition

Trust Interest means an account owner's interest in the trust created by a participating trust

Trust Interest means the right to receive, on each Payment Date, distributions of the amounts, if any, released to the Issuer pursuant to Section 8.02(d) of the Indenture or pursuant to Section 2.05 of the Servicing Agreement.

Trust Interest means the interest of a beneficiary in an irrevocable express trust (other than an employee benefit plan) created either by written trust instrument or by statute, but does not include any interest retained by the settlor.

Examples of Trust Interest in a sentence

• No transfer of a Litigation Trust Interest shall be effective unless and until recorded in the Register.

• Each Beneficiary shall own a Litigation Trust Interest that shall, subject to section 8.7 of this Agreement and the Plan, be entitled to a distribution in the amounts, and at the times, set forth in this Agreement and the Plan.

• Ownership of a Litigation Trust Interest in the Litigation Trust shall not be evidenced by any certificate, security, or receipt or in any other form or manner whatsoever, except as maintained on the Register (as defined below) maintained by the Debtors or the Disbursing Agent (copies of which shall be provided to the Litigation Trustee upon request).

• The Disbursing Agent shall, upon the written request of a Beneficiary (and at the Beneficiary’s expense), provide reasonably adequate documentation evidencing such Beneficiary’s Litigation Trust Interest, as indicated on the books and records of the Disbursing Agent.

• The ownership of a Litigation Trust Interest shall not entitle any Beneficiary, the Debtors to any title in or to, or possession, management or control of, any of the Litigation Trust Assets or to any right to call for a partition or division of such assets or to require an accounting.

More Definitions of Trust Interest

Trust Interest means an account owner’s interest in the trust created by a participating trust agreement and held for the benefit of a designated beneficiary.

Trust Interest means an account owner's interest in the fund

Trust Interest means a pro rata beneficial interest in the Trust.

Trust Interest means the trust interests of the Company as provided for and described in the LLC Agreement.

Trust Interest means an account owner's interest in the trust created by a participation

Trust Interest means a pro rata beneficial interest in the Trust. DISTRIBUTION RETURN AGREEMENT Date: Simon Property Group, L.P. National City Center 000 Xxxx Xxxxxxxxxx Xxxxxx, Xxxxx 00 Xxxx Xxxxxxxxxxxx, Xxxxxxx 00000 Dear Sirs: The undersigned is a holder of 8.00% Cumulative Redeemable Preferred Units (“Preferred Units”) of Simon Property Group, L.P., a Delaware limited liability (the “Operating Partnership”). On the date hereof, the undersigned has presented to the Operating Partnership (number) Preferred Units (the “Tendered Units”) for (a) redemption (the “Redemption”); (b) conversion (the “Conversion”) or (c) repurchase (the “Repurchase”) pursuant to their terms. This letter agreement is being given in satisfaction of a condition to the Redemption, Conversion, or Repurchase, as applicable, of the Tendered Units. The undersigned hereby agrees with the Operating Partnership that, in the event the undersigned receives any payment or distribution with respect to Tendered Units after their Redemption, Conversion, or Repurchase, as applicable, other than a payment or distribution required to be made in connection therewith, the undersigned will promptly remit such payment or distribution back to the Operating Partnership. In furtherance of the foregoing, the undersigned further grants to the Operating Partnership the right to set off against any unpaid amount due to the Operating Partnership under this letter agreement any debt or other obligation of the Operating Partnership owing to the undersigned, including, without limitation, any dividend or other distribution payable to the undersigned by reason of its ownership of Preferred Units or any other securities of the Operating Partnership. This letter agreement shall be construed in accordance with, and governed by, the laws of the State of New York, without regard to conflicts of laws principles. Very truly yours, (Name of Holder of Preferred Units) By: Name: Title: AGREED: SIMON PROPERTY GROUP, L.P. By: Name: Title: CERTIFICATE OF DESIGNATION OF 7.50% CUMULATIVE REDEEMABLE PREFERRED UNITS OF SIMON PROPERTY GROUP, L.P.

Trust Interest means the Interest held by Trust Members.