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

• All Litigation Trust Interests shall be satisfied solely out of Litigation Trust Assets, and Holders of Allowed Claims in the General Unsecured Classes shall not have recourse to Reorganized Greektown for unpaid portions of any Litigation Trust Interest.

• The death or incapacity of any Trust Interest Owner shall not operate to terminate this Agreement or the Trust, nor entitle such Trust Interest Owner’s legal representative or heirs to claim an accounting or to take any action or to commence any proceeding in any court for a petition or winding up of the Trust, or otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

• The Certificate Registrar shall maintain in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of the Trust Interest Owners.

• The Depositor, the Servicer, the Special Servicer and the Trustee shall be entitled to a list of the names and addresses of Trust Interest Owners from time to time upon request therefor.

• The Certificate Administrator (or a Custodian on its behalf) shall provide copies of the items described in this Section 8.14(a) above upon reasonable written request to the Trust Interest Owners.

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 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 7.00% Cumulative Convertible 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 8.00% CUMULATIVE REDEEMABLE PREFERRED UNITS OF SIMON PROPERTY GROUP, L.P.

Trust Interest means the Interest held by Trust Members.