Beneficiary Contract definition

Beneficiary Contract means a contract between the Recipient and a Beneficiary, and referred to in paragraph 6 (f) of Schedule 4 to this Agreement;
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Examples of Beneficiary Contract in a sentence

  • Plaintiffs subsequently filed a Consolidated Complaint on January 16, 2024 alleging: Negligence, Negligence Per Se, Breach of Implied Contract, Breach of the Implied Covenant of Good Faith and Fair Dealing, Breach of Fiduciary Duty, Breach of Third-Party Beneficiary Contract, Unjust Enrichment, and Violation of the North Carolina Unfair Trade Practices Act.

  • Each Australian Trade Borrower must perform all its obligations under a Beneficiary Contract to which it is a party and do all other things necessary to ensure that a Beneficiary does not become entitled to draw on a Bank Guarantee or a Standby Letter of Credit.

  • Each Borrower must: use all reasonable endeavours to comply with all its obligations under or in respect of each Beneficiary Contract; and give notice to the Lender promptly upon becoming aware of any: material breach of any term by a Transaction Party; or termination, rescission or discharge, of any Beneficiary Contract.

  • Beneficiary Contract each agreement between a Borrower and a Beneficiary where the Lender has issued a Credit Support Document or a Documentary LC in favour of the Beneficiary to support the obligations of the Borrower to the Beneficiary under that agreement.

  • When the Annuitant/ Contract Holder is not the Annuitant and the Beneficiary Contract Holder dies, the remaining payments (Cont'd): under options 2, 3, or 4 will continue to the successor payee.