Beneficial Parties definition

Beneficial Parties means collectively the Contractor, and Government, and "Beneficial Party" refers individually to each of them;
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Beneficial Parties means collectively the PE and SAMB and “Beneficial Party” refers individually to each of them
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Beneficial Parties means collectively the SPC, and AUTHORITY and “Beneficial Party” refers individually to each of them.
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Examples of Beneficial Parties in a sentence

  • The Escrow Bank shall not make any transfer or withdrawal other than in accordance with this Agreement, unless the Escrow Bank has received the prior written instructions of the Beneficial Parties authorizing such use.

  • The Escrow Bank represents and warrants that it shall hold all funds in the Escrow Account in trust for the benefit of the Beneficial Parties in accordance with the provisions of this Agreement and further represents and warrants that it has obtained all approvals, permits and other clearances required for the execution of this Agreement and the performance of its obligations hereunder.

  • A letter agreement dated as of the Closing Date from IHG for the benefit of the Beneficial Parties (as defined therein) in the form of Exhibit N duly executed and delivered by IHG.

  • The PE further declares that all the legal right, title and interest in and to the trust, the Receivables, the TRA Account, the monies therein and the Authorised Investments including any document of title in relation thereto made from the TRA Account shall be vested in the TRA Bank and held for the benefit of the Beneficial Parties in accordance with the terms of this Agreement and their respective interests are provided for herein.

  • The PE hereby settles in trust with the TRA Bank a sum of Rs. (Rupees ) for the benefit of the Beneficial Parties.

  • The Escrow Bank hereby accepts the abovementioned amount of in the trust hereby declared upon the terms and conditions set forth in this Agreement and acknowledges that any amounts deposited in the Escrow Account from time to time shall be held in trust for the benefit of the Beneficial Parties in accordance with the terms and conditions of this Agreement.

  • The SPC hereby settles in trust with the Escrow Bank a sum of for the benefit of the Beneficial Parties.

  • The SPC further declares that all the legal right, title and interest in and to the trust, the Receivables, the Escrow Account, the monies therein and the Authorized Investments including any document of title in relation thereto made from the Escrow Account shall be vested in the Escrow Bank and held for the benefit of the Beneficial Parties in accordance with the terms of this Agreement and their respective interests are provided for herein.

  • The TRA Bank shall not make any transfer or withdrawal other than in accordance with this Agreement, unless the TRA Bank has received evidence of the prior written consent of the Beneficial Parties authorising such use.

  • No Entity other than the Beneficial Parties shall have any rights hereunder as the beneficiaries of or as third party beneficiaries under this Agreement.

Related to Beneficial Parties

  • Beneficial use means the right to possession, use, and enjoyment of property, limited only by encumbrances, easements, and restrictions of record.

  • Beneficial Holder A Person holding a beneficial interest in any Book-Entry Certificate as or through a DTC Participant or an Indirect DTC Participant or a Person holding a beneficial interest in any Definitive Certificate.

  • Beneficial Shareholders means shareholders who do not hold Shares in their own name and “intermediaries” refers to brokers, investment firms, clearing houses and similar entities that own securities on behalf of Beneficial Shareholders.

  • Beneficial shareholder means the person who is a beneficial owner of shares held in a voting trust or by a nominee as the record shareholder.

  • Beneficial Interest means the opportunity, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, to profit, or share in any profit derived from, a transaction in the subject Securities.