Rights of the Beneficiaries Sample Clauses

Rights of the Beneficiaries. This Guaranty is made for the --------------------------- benefit of, and shall be enforceable by, each Beneficiary as its interest may appear.
Sample 1Sample 2Sample 3See All (10)
AutoNDA by SimpleDocs
Rights of the Beneficiaries. This Guaranty is made for the benefit of, and shall be enforceable by, each Beneficiary as its interest may appear or by the Collateral Agent on behalf of the Beneficiaries.
Sample 1Sample 2
Rights of the Beneficiaries. 4.4.1.1 Receive Vested Interests pursuant to the vesting rules of Personal Account Interests as agreed in the Enterprise Annuity Program. 4.4.1.2 Know and inquire about the basic information of Personal Account of Enterprise Annuity Funds in accordance with laws and regulations and the Agreement. 4.4.1.3 Apply for the collection of Enterprise Annuity Benefits in accordance with the Laws and Regulations and the Agreement. 4.4.1.4 Where a Beneficiary resigns, if his/her new employer has already established an enterprise annuity plan or an occupational annuity, his/her Personal Account Interests shall be transferred to such new plan; if the new employer has not yet established one, such Personal Account Interests may be managed by opening a Retained Account under the Enterprise Annuity Plan or transferred to the Retained Account under the Collective Enterprise Annuity Plan sponsored and established by Party B for management. 4.4.1.5 In case of the death of a Beneficiary, the balance of his/her enterprise annuity personal account can be inherited, with the identification of such heirs subject to the judicial documents issued by competent authority. Where any legal heir that is not so identified demands the payment of Enterprise Annuity Benefits, Party B has the right to refuse the execution. 4.4.1.6 Exercise other rights available according to applicable laws and regulations and the provisions herein.
Sample 1
Rights of the Beneficiaries. Xxxxxx authorizes the Beneficiaries to perform any or all of the following acts at any time in their sole discretion, all without notice to Xxxxxx and without affecting Xxxxxx'x obligations under this Agreement: (a) The Beneficiaries may alter any terms of any of the Loan Documents to which Xxxxxx is not a party, including renewing, compromising, extending or accelerating, or otherwise changing the time for payment of, or increasing or decreasing the rate of interest on, the Obligations or any part of them PROVIDED that no alteration of the terms of Section 6.12 or 6.13 of the Loan Agreement, or their constituent definitions, which is not consented to by Xxxxxx shall result in an increase in the obligations of Xxxxxx hereunder. (b) The Beneficiaries may take and hold security for the Obligations or this Agreement, accept additional or substituted security for either, and subordinate, exchange, enforce, waive, release, compromise, fail to perfect and sell or otherwise dispose of any such security. (c) The Beneficiaries may direct the order and manner of any sale of all or any part of any security now or later to be held for the Obligations or this Agreement, and may also bid at any such sale. (d) The Beneficiaries may apply any payments or recoveries from Borrower, Xxxxxx or any other source, and any proceeds of any security, to the Obligations in such manner, order and priority as they may elect, whether or not those obligations are guarantied by this Agreement or secured at the time of the application. (e) The Beneficiaries may release Borrower or any other Person from the portion of the Obligations held by them or any portion of them or any guaranty thereof. (f) The Beneficiaries may substitute, add or release any one or more guarantors or endorsers. (g) The Beneficiaries may extend other credit to Borrower in addition to the Obligations, and may take and hold security for the credit so extended, all without affecting Xxxxxx'x liability under this Agreement. (h) The Administrative Agent and the Lenders may change the terms or conditions of disbursement of the Loans in accordance with the terms of the Loan Agreement.
Sample 1
Rights of the Beneficiaries. This Guarantee is made for the benefit of, and shall be enforceable by, each Beneficiary as its interest may appear.
Sample 1
Rights of the Beneficiaries 
Sample 1

Related to Rights of the Beneficiaries

  • Rights of the Parties Nothing expressed or implied in this Agreement is intended or will be construed to confer upon or give any Person other than the parties hereto any rights or remedies under or by reason of this Agreement or any transaction contemplated hereby.

  • RIGHTS OF THE UNION Section 4.1 The Union has the right and responsibility to represent the interests of all employees in the unit; to present its views to the District on matters of concern, and to enter collective negotiations with the object of reaching an agreement applicable to all employees within the unit, except that by such obligation neither party shall be compelled to agree to a proposal or be required to make a concession. Section 4.2 The Union shall promptly be notified by the District of any formal grievance of any employee in the unit in accordance with the provisions of the Discharge and Grievance articles contained herein. The Union is entitled to have an observer at hearings conducted by any District official or body arising out of a grievance and to make known the Union's views concerning the case. Section 4.3 The Employer, as part of the general orientation of each new employee within the unit subject to this Agreement, shall make available to each employee, a copy of this Agreement. Section 4.4 The President of the Union and/or the President's representatives will be provided time off without loss of pay to a maximum of twenty-five days (25) days total per year, to be used at the discretion of the executive board. The leave will be granted for the President and the Union representatives to attend regional or state meetings when the purpose of these meetings. Additional release days may be granted. The Union will reimburse the District for the cost of any required substitute. Such use shall not interfere with District operations. 4.4.1 Upon return from such leave, the employee will be returned to the position previously held. 4.4.2 All seniority rights for such employee shall be retained and accrued. Section 4.5 The names of employees in the respective unit will be made available to the President of the Union upon request. On or before the first day of October of each year during the term of this Agreement, the District shall provide the Union with information regarding each employee in the bargaining unit on a form to be provided by the Union. Upon request the information shall be supplemented and revised quarterly. Employee information given to the Union shall be used solely for the purpose of union business. Section 4.6 The Union reserves and retains the right to delegate any Union right or duty contained herein to appropriate officials of the American Federation of Teachers Union of Washington. Section 4.7 Visitation rights shall be granted to the designated representative of the Union to visit employees in the unit for the purpose of grievance procedures and/or general information data. This excludes recruitment during working hours. The union representative shall notify his/her immediate supervisor and the building office (for employees assigned to a school site regularly or for the day) before leaving the assigned worksite and shall notify the building office upon arrival. For any union representative working in Maintenance, the representative shall notify his/her lead and the Maintenance Supervisor. Union meetings may be held during working hours with prior approval of the Superintendent or designee.

  • Limitations of Liability of Trustees and Shareholders of the Company The execution and delivery of this Agreement have been authorized by the Trustees of FAS and signed by an authorized officer of FAS, acting as such, and neither such authorization by such Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, and the obligations of this Agreement are not binding upon any of the Trustees or Shareholders of FAS, but bind only the property of FAS, as provided in FAS’s Declaration of Trust.

  • Entire Agreement; No Third Party Beneficiaries; Rights of Ownership This Agreement (including the documents and the instruments referred to herein) constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof, and is not intended to confer upon any person other than the parties hereto any rights or remedies hereunder.

  • Concerning the Securityholders SECTION 7.01.

  • Rights of the NIMS Insurer Each of the rights of the NIMS Insurer set forth in this Agreement shall exist so long as (i) the NIMS Insurer has undertaken to guarantee certain payments of notes issued pursuant to an Indenture and (ii) any series of notes issued pursuant to one or more Indentures remain outstanding or the NIMS Insurer is owed amounts in respect of its guarantee of payment on such notes; provided, however, the NIMS Insurer shall not have any rights hereunder (except pursuant to Section 11.01 in the case of clause (ii) below) during the period of time, if any, that (i) the NIMS Insurer has not undertaken to guarantee certain payments of notes issued pursuant to the Indenture or (ii) any default has occurred and is continuing under the insurance policy issued by the NIMS Insurer with respect to such notes.

  • Rights of the Holder The Holder shall not, by virtue hereof, be entitled to any rights of a stockholder in the Company, either at law or equity, and the rights of the Holder are limited to those expressed in this Warrant and are not enforceable against the Company except to the extent set forth herein.

  • Rights of Trustee as Holder of Senior Debt; Preservation of Trustee’s Rights The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article XII with respect to any Senior Debt that may at any time be held by it, to the same extent as any other holder of Senior Debt, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder.

  • Rights of Limited Partners Except as otherwise provided in this Agreement, each Limited Partner shall look solely to the assets of the Partnership for the return of its Capital Contributions and shall have no right or power to demand or receive property other than cash from the Partnership. Except as otherwise provided in this Agreement, no Limited Partner shall have priority over any other Partner as to the return of its Capital Contributions, distributions, or allocations.

  • Intended Beneficiaries Nothing in this Agreement shall be construed to give any person or entity other than the parties hereto any legal or equitable claim, right or remedy. Rather, this Agreement is intended to be for the sole and exclusive benefit of the parties hereto.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!