English to Greek Law/Patents Law: Contract(s)

“Ultimate Beneficiary” in respect of a Personal Holding Arrangement, means an individual who at the relevant time in question has the beneficial right or interest (arising from being a beneficiary of such Private Holding Arrangement) to receive, directly or indirectly, 70% or more (as determined on a look-through basis, where applicable) of any proceeds, distributions or assets of, or from, such Personal Holding Arrangement.