Authorization of Beneficiary Sample Clauses

Authorization of Beneficiary. Towne Realty, Inc. d/b/a Lincoln Tower, Inc. is the authorized beneficiary under Trust Number 00-0000-0 dated August 15, 1967, an Illinois Land Trust (the “Beneficiary”). Beneficiary is duly organized, validly existing and in good standing under the laws of the state of Illinois and has the right, power and authority to direct (and has authorized and directed) Seller to execute this Agreement and any/all Seller’s Deliveries under Section 5.2 hereof and to sell the Property without obtaining the consent, approval, release, or signature of any other party. Neither the execution and delivery of this Agreement and any/all Seller’s Deliveries under Section 5.2 hereof nor the consummation by Seller of the transaction contemplated hereby will (i) conflict with or result in a breach of or default under any of the terms, conditions or provisions of any note, bond, mortgage, indenture, license, agreement or other instrument or obligation to which Beneficiary is a party or by which it is bound, or (ii) violate any order, injunction, decree, statute, rule or regulation applicable to Beneficiary.
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Authorization of Beneficiary. Section 16.01.
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Authorization of Beneficiary. 52 AIRCRAFT SALE AND NOTE PURCHASE AGREEMENT THIS AIRCRAFT SALE AND NOTE PURCHASE AGREEMENT is made and entered into as of this 9th day of April 1998. AMONG: TRANS WORLD AIRLINES, INC., a Delaware corporation whose address and principal place of business is at One City Centre, 515 N. Sixth Street, St. Louis, Missouri 63101, United States of Xxxxxxx ("XXX"), xxx XXXXX XXXXXXXX XXXX, XXTIONAL ASSOCIATION, whose address and principal place of business is at 79 South Main Street, Salt Lake City, Utah 84111, United States xx Xxxxxxx, xxx xx xxx xxxxxxxxxx xxxxxxxx, xxxxxx xx xxxxxxxxx stated herein, but solely as Owner Trustee (the "Owner Trustee") under the Trust Agreement (the "Trust Agreement") dated January 24, 1995 between Owner Trustee and Seven Sixty Seven Leasing, Inc., the beneficiary named therein, and SEVEN SIXTY SEVEN LEASING, INC., a Delaware corporation and the sole beneficiary under the Trust Agreement with an address at 1013 Centre Road, Wilmington, Delaware 19805, United States of Axxxxxx (xxx "Xxxxxxxxxxx"), xxx xxx xx xxxx xxxxxxxxx xxxx Sale Agreement as evidence of its instruction to the Owner Trustee to enter into this Sale Agreement. The subject matter of this Sale Agreement is three (3) used Boeing 767-231 ETOPS airframes and six (6) Pratt & Whitney JT9D-7R4D engines, which the Owner Trustee and Bxxxxxciaxx xxxxre that the Owner Trustee sell to TWA and TWA is willing to purchase from the Owner Trustee. All property covered by this Sale Agreement is currently leased by Owner Trustee to TWA under the Leases (as hereinafter defined). In consideration of and subject to the mutual covenants, terms and conditions contained in this Sale Agreement, TWA and the Owner Trustee agree as follows:
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Authorization of Beneficiary. Pursuant to Section 5(a) of the Agreement Among Participants, dated as of January 24, 1995, among CL/PK Airfinance, Credit Lyonnais, A/S Bergens Skillingsbank, Hamburgische Landesbank GZ, Nordeutsche Landesbank GZ, Credit Foncier de France, Credit Industriel et Commercial de Paris and Credit D'Equipement des PME, and Section 5.2 of the Trust Agreement, the Beneficiary hereby authorizes and directs the Owner Trustee to execute this Sale Agreement on the date hereof.
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Authorization of Beneficiary. Guarantor authorizes Beneficiary, without notice or demand and without affecting its liability under this Guaranty, and without consent of Guarantor or prior notice to Guarantor, from time to time to:
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Related to Authorization of Beneficiary

  • Designation of Beneficiary The depositor may designate a beneficiary or beneficiaries to receive benefits from the custodial account in the event of the depositor’s death. In the event the depositor has not designated a beneficiary, or if all beneficiaries shall predecease the depositor, the following persons shall take in the order named:

  • Designation of Beneficiaries The Executive may designate any person to receive any benefits payable under the Agreement upon the Executive’s death, and the designation may be changed from time to time by the Executive by filing a new designation. Each designation will revoke all prior designations by the Executive, shall be in the form prescribed by the Administrator and shall be effective only when filed in writing with the Administrator during the Executive’s lifetime. If the Executive names someone other than the Executive’s spouse as a Beneficiary, the Administrator may, in its sole discretion, determine that spousal consent is required to be provided in a form designated by the Administrator, executed by the Executive’s spouse and returned to the Administrator. The Executive’s beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved.

  • CHANGE OF BENEFICIARY 18.1 The policyholder has the authority to appoint another beneficiary during the life of the insured person.. However, if the beneficiary has declared, with the written consent of the policyholder, that he accepts the benefit of the contract, the policyholder can exercise his rights under the contract only with the cooperation of the beneficiary, who has so accepted. The change will take effect from the moment that the insurer has noted this on the policy.

  • DEATH OF BENEFICIARY Unless otherwise provided in the Beneficiary designation, if any Beneficiary dies before the Owner, that Beneficiary's interest will go to any other primary Beneficiaries named, according to their respective interests. If there are no primary Beneficiaries, the Beneficiaries' interest will pass to a contingent Beneficiary, if any. Prior to the Annuity Commencement Date, if no Beneficiary or contingent Beneficiary survives the Owner, the Death Benefits will be paid to the Owner's estate. Unless otherwise provided in the Beneficiary designation, once a Beneficiary is receiving Death Benefits or annuity payments under an Annuity Payment Option, the Beneficiary may name his or her own Beneficiary to receive any remaining benefits due under the Contract, should the original Beneficiary die prior to receipt of all benefits. If no Beneficiary is named or the named Beneficiary predeceases the original Beneficiary, any remaining benefits will continue to the original Beneficiary's estate. A Beneficiary designation must be made by Notice to LNY.

  • Notice of Change of Beneficiary Immediately prior to any transfer of Stock to a Management Stockholder’s Trust, the Management Stockholder shall provide the Company with a copy of the instruments creating the Management Stockholder’s Trust and with the identity of the beneficiaries of the Management Stockholder’s Trust. The Management Stockholder shall notify the Company as soon as practicable prior to any change in the identity of any beneficiary of the Management Stockholder’s Trust.

  • Payment of Benefit The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 years.

  • Coordination of Benefits The coordination of benefits (COB) provision applies when a Member has health care coverage under more than one plan. Plan is defined below. The order of benefit determination rules govern the order in which each plan will pay a claim for benefits. The plan that pays first is called the primary plan. The primary plan must pay benefits according to its policy terms without regard to the possibility that another plan may cover some expenses. The plan that pays after the primary plan is the secondary plan. In no event will a secondary plan be required to pay an amount in excess of its maximum benefit plus accrued savings. If the Member is covered by more than one health benefit plan, and the Member does not know which is the primary plan, the Member or the Member’s provider should contact any one of the health plans to verify which plan is primary. The health plan the Member contacts is responsible for working with the other plan to determine which is primary and will let the Member know within 30 calendar days. All health plans have timely claim filing requirements. If the Member or the Member’s provider fails to submit the Member’s claim to a secondary health plan within that plan’s claim filing time limit, the plan can deny the claim. If the Member experiences delays in the processing of the claim by the primary health plan, the Member or the Member’s provider will need to submit the claim to the secondary health plan within its claim filing time limit to prevent a denial of the claim. If the Member is covered by more than one health benefit plan, the Member or the Member’s provider should file all the Member’s claims with each plan at the same time. If Medicare is the Member’s primary plan, Medicare may submit the Member’s claims to the Member’s secondary carrier.

  • Termination of Benefits Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

  • Limitation of Benefits (a) Anything in this Agreement to the contrary notwithstanding, in the event it shall be determined that any benefit, payment or distribution by the Company to or for the benefit of the Executive (whether payable or distributable pursuant to the terms of this Agreement or otherwise) (a "Payment") would, if paid, be subject to the excise tax imposed by Section 4999 of the Code (the "Excise Tax"), then the Payment shall be reduced to the extent necessary to avoid the imposition of the Excise Tax. The Executive may select the Payments to be limited or reduced.

  • Distribution of Benefit The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive for fifteen (15) years.

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