Redesignation of Beneficiaries Sample Clauses

Redesignation of Beneficiaries. RCFC, with respect to the RCFC Master Collateral Vehicles, and each of the Lessee Grantors, with respect to the Lessee Grantor Master Collateral Vehicles, may from time to time refinance Master Collateral Vehicles related to a particular Financing Source with proceeds from a different
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Redesignation of Beneficiaries. Each of the Lessee Grantors and the Lessor Grantors may, from time to time (i) finance additional Vehicles (and, to the extent provided in the related Financing Documents, Eligible Receivables), with proceeds from a Financing Source, and/or (ii) refinance Vehicles then owned by it (and, to the extent provided in the related Financing Documents, Eligible Receivables) and financed by a Financing Source with proceeds from a different
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Redesignation of Beneficiaries. 17 2.4. Servicer's Fleet Report............................................ 19 2.5.
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Redesignation of Beneficiaries. 20 2.4. Master Servicer's Fleet Report....................................... 21 2.5. Master Collateral Account............................................ 22 2.6. Certificates of Title................................................ 24 2.7. Release of Collateral................................................ 25 2.8.
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Redesignation of Beneficiaries. Each of Thrifty Finance, with respect to the Thrifty Finance Master Collateral Vehicles, and Thrifty, with respect to the Thrifty Master Collateral Vehicles, may from time to time refinance Master Collateral Vehicles related to a particular Financing Source with proceeds from a different
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Redesignation of Beneficiaries. Each of National and NFLP may, from time to time (i) finance additional Vehicles with proceeds from a Financing Source, and/or (ii) refinance Vehicles then owned by it and financed by a Financing Source with proceeds from a different
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Redesignation of Beneficiaries. Each of the Lessee Grantors and NFLP may, from time to time (i) finance additional Vehicles (and, to the extent provided in the related Financing Documents, Eligible Receivables), with proceeds from a Financing Source, and/or (ii) refinance Vehicles then owned by it (and, to the extent provided in the related Financing Documents, Eligible Receivables) and financed by a Financing Source with proceeds from a different
Sample 1
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Redesignation of Beneficiaries. Each of the Lessee Grantors and the Lessor Grantors, from time to time, may (i) finance additional Vehicles (and, to the extent provided in the related Financing Documents, Eligible Receivables and related Vehicle Repurchase Rights), with proceeds from a Financing Source, and/or (ii) refinance Vehicles then owned by it (and, to the extent provided in the related Financing Documents, Eligible Receivables and related Vehicle Repurchase Rights) and financed by a Financing Source with proceeds from a different Financing Source (including without limitation, a QI Beneficiary or a Receivables Pledgee Beneficiary or their Related Financing Source) and/or (iii) sell Vehicle Repurchase Rights. In connection therewith, upon satisfaction of the applicable conditions described in this Section 2.3, the Master Servicer shall designate on its computer system (x) (i) the Financing Source, if applicable, the proceeds of which are used to finance or refinance such Vehicles and/or such Eligible Receivables and/or related Vehicle Repurchase Rights and (ii) the Beneficiary with respect to such Vehicles and/or Eligible Receivables and/or related Vehicle Repurchase Rights and (y) the Receivables Purchaser Beneficiary with respect to any sold Vehicle Repurchase Rights. In the case of a refinancing of Vehicles and/or Eligible Receivables and/or related Vehicle Repurchase Rights, upon repayment in full of all amounts owing to the old Financing Source in respect of such Vehicles and/or such Eligible Receivables and/or such related Vehicle Repurchase Rights under the Related Financing Documents or, in the case of a refinancing of Vehicle Repurchase Rights, payment in full of the amounts to be advanced against such Vehicle Repurchase Rights by the new Financing Source, and satisfaction of all conditions specified in such Related Financing Documents for the release of such Vehicles and/or Eligible Receivables and/or related Vehicle Repurchase Rights (I) such Vehicles and/or such Eligible Receivables and/or such related Vehicle Repurchase Rights, as the case may be, shall constitute Related Vehicles and/or Eligible Receivables and/or related Vehicle Repurchase Rights of the Beneficiary related to such new Financing Source, and (II) such Vehicles and/or such Eligible Receivables and/or such related Vehicle Repurchase Rights, as the case may be, shall cease to be Related Vehicles and/or Eligible Receivables and/or related Vehicle Repurchase Rights of the Beneficiary related to the old Fin...
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Redesignation of Beneficiaries. RCFC, with respect to the RCFC Master Collateral Vehicles, and each of the Lessee Grantors, with respect to the Lessee Grantor Master Collateral
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Related to Redesignation of Beneficiaries

  • 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.

  • 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:

  • 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.

  • Rights of Beneficiaries Each Beneficiary shall be entitled to participate in the rights and benefits due to a Beneficiary hereunder according to his Beneficial Interest. Each Beneficiary shall take and hold the same subject to all the terms and provisions of this Agreement. The interest of the Beneficiary hereby is declared and shall be in all respects personal property and upon the death of an individual Beneficiary, his Beneficial Interest shall pass as personal property to his legal representative and such death shall in no way terminate or affect the validity of this Agreement, provided that the Trustee shall not be required to evidence a book entry transfer of a deceased Beneficiary’s Beneficial Interest to his legal representative until the Trustee shall have received Letters Testamentary or Letters of Administration and written notice of the death of the deceased Beneficiary. A Beneficiary shall have no title to, right to, possession of, management of, or control of, the Trust Assets except as herein expressly provided. No widower, widow, heir, or devisee of any person who may be a Beneficiary shall have any right of dower, homestead, or inheritance, or of partition, or of any other right, statutory or otherwise, in any property forming a part of Trust Assets but the whole title to the Trust Assets shall be vested in the Trustee and the sole interest of the applicable Beneficiaries shall be the rights and benefits given to such Persons under this Agreement.

  • Distribution of Benefits Members of this unit with at least one year of the service to the District may apply for a number of days consistent with a one-for-one match of their individual sick leave accumulation as of the end of the previous contract year brought forward to the year of the onset of disability. The combined benefit of accumulated personal sick leave and disability bank leave may not exceed one hundred-eighty days and may carry over from one contract year to another. Employees with less than one full year of service in the District will not be require to contribute one of their individual accumulated sick leave days to the disability bank. The Board reviews the right to request re-application and documentation from anyone requesting more than forty (40) days from the pool. Any benefits will be minus other insurance coverage (i.e. worker’s compensation, social security, etc.).

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

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