Company as Consenting Beneficiary Sample Clauses

Company as Consenting Beneficiary. To the extent the Company holds or is otherwise entitled to, or there is a Transfer to the Company of (in each case whether before or after the Common Terms Effective Date) all, or part, of any Transferrable Interest: 28.2.1 the Company shall be treated as a Consenting Beneficiary in respect of that Transferrable Interest (or that part thereof) for the purpose of benefiting from and preserving and enforcing its rights (including its voting rights in respect of any amendment, acceptance or approval threshold, subject to the proviso to the definition of Common Terms Effective Date) in connection with all, or part, of its Transferrable Interest (subject to any deductions for any Costs Liability or Tax Burden Liability attributable to such rights of the Company); 28.2.2 the Company in its capacity as a Consenting Beneficiary under each Consenting Beneficiary Agreement shall not be subject to any obligation under or in connection with any Consenting Beneficiary Agreement; 28.2.3 the Company in its capacity as Consenting Beneficiary under each Consenting Beneficiary Agreement shall benefit from such Consenting Beneficiary Agreement without the need for any further accession to such Consenting Beneficiary Agreement or the taking of any other action; 28.2.4 the Company in its capacity as a Consenting Beneficiary under each Consenting Beneficiary Agreement shall be treated as having received from, and (where applicable) delivered to, the Company any Information Pack or other relevant Notice, communication or document which the Company considers appropriate (in its absolute discretion) and without the need for the Company in any capacity to fulfil any requirements of Clause 42 in connection with any such receipt or delivery; and 28.2.5 any reference to “Consenting Beneficiary” for the purpose of any relevant Consenting Beneficiary Agreement shall be construed to exclude the Company, save to the extent that the Company determines it necessary or desirable (in its absolute discretion) from time to time for such exclusion not to apply (in whole or in part).
Sample 1
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Company as Consenting Beneficiary. To the extent the Company holds or is otherwise entitled to, or there is a Transfer to the Company of (in each case whether before or after the Common Terms Effective Date) all, or part, of any Transferrable Interest: 28.2.1 the Company shall be treated as a Consenting Beneficiary in respect of that Transferrable Interest (or that part thereof) for the purpose of benefiting from and preserving and enforcing its rights (including its voting rights in respect of any amendment, acceptance or approval threshold, subject to the proviso to the definition of Common Terms Effective Date) in connection with all, or part, of its Transferrable Interest (subject to any deductions for any Costs Liability or Tax Burden Liability attributable to such rights of the Company); 28.2.2 the Company in its capacity as a Consenting Beneficiary under each Consenting Beneficiary Agreement shall not be subject to any obligation under or in connection with any Consenting Beneficiary Agreement;
Sample 1

Related to Company as Consenting Beneficiary

  • No Designated Beneficiary If the Participant dies before the date distributions begin and there is no designated beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death.

  • How do the RMD Rules Impact my Designated Beneficiary or Beneficiaries The RMD rules provide for the determination of your designated beneficiary or beneficiaries as of September 30 of the year following your death. Consequently, any beneficiary may be eliminated for purposes of calculating the RMD by the distribution of that beneficiary’s benefit, through a valid disclaimer between your death and the end of September following the year of your death, or by dividing your IRA account into separate accounts for each of several designated beneficiaries you may have designated.

  • No Beneficiary Designation If the Executive dies without a valid beneficiary designation, or if all designated Beneficiaries predecease the Executive, then the Executive’s spouse shall be the designated Beneficiary. If the Executive has no surviving spouse, the benefits shall be made to the personal representative of the Executive’s estate.

  • BENEFICIARY DESIGNATION RIGHTS The Insured (or assignee) shall have the right and power to designate a beneficiary or beneficiaries to receive the Insured’s share of the proceeds payable upon the death of the Insured, and to elect and change a payment option for such beneficiary, subject to any right or interest the Bank may have in such proceeds, as provided in this Agreement.

  • Spouse The spouse of an eligible employee (if legally married under Minnesota law). For the purposes of health insurance coverage, if that spouse works full-time for an organization employing more than one hundred (100) people and elects to receive either credits or cash (1) in place of health insurance or health coverage or (2) in addition to a health plan with a seven hundred and fifty dollar ($750) or greater deductible through his/her employing organization, he/she is not eligible to be a covered dependent for the purposes of this Article. If both spouses work for the State or another organization participating in the State's Group Insurance Program, neither spouse may be covered as a dependent by the other, unless one spouse is not eligible for a full Employer Contribution as defined in Section 3A. Effective January 1, 2015 if both spouses work for the State or another organization participating in the State’s Group Insurance Program, a spouse may be covered as a dependent by the other.

  • Designated Beneficiary The individual who is designated as the Beneficiary under the Plan in accordance with Section 401(a)(9) of the Code and the regulations thereunder.

  • Public Benefit It is Reaction Retail’s understanding that the commitments it has agreed to herein, and actions to be taken by Reaction Retail under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of Reaction Retail that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to Reaction Retail’s failure to provide a warning concerning exposure to DEHP prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that Reaction Retail is in material compliance with this Settlement Agreement.

  • 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.

  • Beneficiary Designation The Participant may, from time to time, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any benefit under this Agreement is to be paid in case of his or her death before he or she receives any or all of such benefit. Each such designation shall revoke all prior designations by the Participant, shall be in a form prescribed by the Company, and will be effective only when filed by the Participant in writing with the Director of Human Resources of the Company during the Participant’s lifetime. In the absence of any such designation, benefits remaining unpaid at the Participant’s death shall be paid to the Participant’s estate.

  • Beneficiary Designations The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive's lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive's estate.

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