Conditional Hibah definition

Conditional Hibah in Takaful means You nominate a person during Your lifetime to be the recipient of Benefits payable under this Certificate;
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Conditional Hibah in Takaful means You nominate a person during Your lifetime to be the recipient of Benefits payable under this Certificate, subject to Clause 18 of Section A of this Certificate;
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Conditional Hibah means a Participant nominates a person, without any compensation and during the Participant’s lifetime to be the recipient of Benefit payable under the Certificate, subject to the Nomination and Assignment Clause of the Certificate;
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Examples of Conditional Hibah in a sentence

  • The takaful benefit is passed to the intended recipient (beneficiary) via Conditional Hibah contract which is revocable and shall only take effect after the death of the Participant and it is complete after Hibah recipient acknowledges receiving the Hibah.

  • Conditional Hibah is to be completed by the Participant who has attained the age of eighteen (18) years, whereby the nominee(s) shall receive the takaful benefit as a Hibah recipient (the beneficiary) and the takaful proceeds under this contract shall be excluded from applicable inheritance law.

  • Malaysia, Singapore and Brunei There are two (2) types of nomination in takaful: • Conditional Hibah is applicable to the beneficiary of the death benefit; it is revocable and shall only take effect after the death of the Applicant or after the death of the Person Covered and the Applicant is no longer alive and it is complete after Hibah recipient(s) acknowledges receiving the Hibah.

  • Takaful Hibah is a Conditional Hibah that is revocable and shall only take effect after the death of the Applicant (for the Applicant and the Covered Person are the same person) or after the death of the Covered Person and the Applicant is no longer alive (for the Applicant and the Covered Person not the same person) and it is complete after Takaful Hibah recipient(s) acknowledges receiving the Takaful Hibah.

  • Each Covered Member have the option to nominate a Wasi (Executor) or Beneficiary under Conditional Hibah.

  • Conditional Hibah in Takaful allows a Takaful participant to nominate a person (or persons) as beneficiary (or beneficiaries) to receive Takaful benefits upon his death without having to go through lengthy inheritance procedures.

  • See clause 6 (The Beneficiary Under a Conditional Hibah) and clause 7 (Executor) below.5. Change of NomineeYou may by a subsequent nomination revoke the nomination of the nominee named, and appoint other nominee or nominees or change the shares of the nominees and in such event the revocation will be deemed to be effective from the date of receipt of the written notice by us.

Related to Conditional Hibah

  • Additional Holder shall have the meaning given in Section 5.10.

  • Transitional housing means buildings configured as rental housing developments, but operated under program requirements that require the termination of assistance and recirculating of the assisted unit to another eligible program recipient at a predetermined future point in time that shall be no less than six months from the beginning of the assistance.

  • Conditional Acceptance means a conditional acceptance by the Liquidity Provider of an extension of the Scheduled Termination Date.

  • Conditional use means a land use that, because of its unique characteristics or potential impact on the municipality, surrounding neighbors, or adjacent land uses, may not be compatible in some areas or may be compatible only if certain conditions are required that mitigate or eliminate the detrimental impacts.

  • conditional sale agreement means an agreement for the sale of goods under which the purchase price or part of it is payable by instalments, and the property in the goods is to remain in the seller (notwithstanding that the buyer is to be in possession of the goods) until such conditions as to the payment of instalments or otherwise as may be specified in the agreement are fulfilled;

  • Conditional Access means control mechanisms, data structures and commands that scramble and encrypt signals in order to provide selective access and denial of specific channels, data, information or services to paying Subscribers.

  • Conditional license or "conditional approval" means a license

  • Original Holder shall have the meaning given in the Recitals.

  • LWDA PAGA Payment means the 75% of the PAGA Penalties paid to the LWDA under Labor Code section 2699, subd. (i).

  • Totally enclosed treatment facility means a facility for the treatment of hazardous waste which is directly connected to an industrial production process and which is constructed and operated in a manner which prevents the release of any hazardous waste or any constituent thereof into the environment during treatment. An example is a pipe in which waste acid is neutralized.

  • Conditional Incremental Auction means an Incremental Auction conducted for a Delivery Year if and when necessary to secure commitments of additional capacity to address reliability criteria violations arising from the delay in a Backbone Transmission upgrade that was modeled in the Base Residual Auction for such Delivery Year.

  • Additional Units means such Units (as defined herein) as are issued in respect of Additional Securities."

  • Institutional Holder means any insurance company, bank, savings and loan association, trust company, investment company, charitable foundation, employee benefit plan (as defined in ERISA) or other institutional investor or financial institution.

  • Land treatment facility means a facility or part of a facility at which hazardous waste is applied onto or incorporated into the soil surface; such facilities are disposal facilities if the waste will remain after closure.

  • Specified Conditions means, at any time of determination thereof, (a) no Incremental Term Loans in the form of an institutional term loan B facility have been issued and are outstanding pursuant to Section 2.20 of the Credit Agreement and (b) (i) the Company’s “corporate credit rating” from S&P (or such other term as S&P may from time to time use to describe the Company’s senior unsecured non-credit enhanced long term indebtedness, such rating, the “S&P Rating”) shall be at least BBB- (with a stable outlook) and the Company’s “corporate family rating” from Xxxxx’x (or such other term as Xxxxx’x may from time to time use to describe the Company’s senior unsecured non-credit enhanced long term indebtedness, such rating, the “Xxxxx’x Rating”) shall be at least Baa3 (with a stable outlook) or (ii) (x) the Company’s S&P Rating shall be at least BBB- (with a stable outlook) or the Company’s Xxxxx’x Rating shall be at least Baa3 (with a stable outlook) and (y) the Leverage Ratio is less than or equal to 2.50 to 1.00.

  • National Housing Act means the National Housing Act (Canada), a federal law that promotes the construction of new houses and the repair and modernization of existing houses. CMHC provides mortgage default insurance under this law.

  • Conditional approval means a time-limited status that results when an approved nursing education program has failed to maintain requirements as set forth in this chapter.

  • Obstetric condition means a condition that is listed under Group T4 (Obstetrics) in the Medicare Benefits Schedule.

  • Additional Xxxx of Sale means each document, in the form of Attachment D hereto, executed by an authorized officer of VL Funding, the VL Funding Eligible Lender Trustee on behalf of VL Funding, Funding and the Interim Eligible Lender Trustee on behalf of Funding which shall: (i) set forth the list and certain terms of (a) Additional Loans offered by VL Funding and the VL Funding Eligible Lender Trustee on behalf of VL Funding and accepted for purchase by the Interim Eligible Lender Trustee for the benefit of Funding, including the Additional Loans Purchase Price for the Additional Loans being sold thereunder or (b) Substituted Loans substituted by VL Funding and (ii) sell, assign and convey to Funding and the Interim Eligible Lender Trustee, for the benefit of Funding, and their assignees, all right, title and interest of VL Funding and of the VL Funding Eligible Lender Trustee on behalf of VL Funding in the Additional Loans or Substituted Loans, as applicable, listed on the related Additional Xxxx of Sale and (iii) certify that the representations and warranties made by VL Funding and the VL Funding Eligible Lender Trustee on behalf of VL Funding pursuant to Sections 5(A) and (B) of these Master Terms, by the Servicer as set forth in Section 5(C) and by the Interim Eligible Lender Trustee as set forth in Section 5(D) are true and correct.

  • Congenital Condition(s) means (a) any medical, physical or mental abnormalities existed at the time of or before birth, whether or not being manifested, diagnosed or known at birth; or (b) any neo-natal abnormalities developed within six (6) months of birth.

  • Qualifying medical condition means seizure disorder,

  • Right of First Refusal Agreement means the Right of First Refusal Agreement, dated as of August 4, 2017, among the Partnership, the Operating Partnership and NextEra Energy Resources, LLC.

  • Project Management Unit and “PMU” each means the Recipient’s unit responsible for the implementation of its Respective Part of the Project referred to in Section I.A.2 of Schedule 2 to this Agreement.

  • Immature marijuana plant means a marijuana plant that is not flowering.

  • Evaluation and treatment facility means any facility which

  • Supportive housing means housing with no limit on length of stay, that is occupied by the target population, and that is linked to an onsite or offsite service that assists the supportive housing resident in retaining the housing, improving his or her health status, and maximizing his or her ability to live and, when possible, work in the community.