Controlling Beneficiary Deed definition

Controlling Beneficiary Deed means the deed entered into on or about the Funding 2 Programme Date between the Mortgages Trustee, Funding, Funding 2, the Security Trustee, the Funding 2 Security Trustee, the Issuer Security Trustees, the Note Trustee and the Seller;
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Controlling Beneficiary Deed means the controlling beneficiary deed entered into on the Programme Date between Funding 1, Funding 2, the Funding 1 Security Trustee, the Funding 2 Security Trustee and the Seller (as the same may be amended, restated, supplemented, replaced and/or novated from time to time);
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Controlling Beneficiary Deed means the controlling beneficiary deed entered into on the Initial Closing Date between the Mortgages Trustee, Funding 1, the Funding 1 Security Trustee and Alliance & Leicester (and to which Santander UK acceded as Seller on the Part VII Effective Date) to which any Further Funding Company and any Further Funding Security Trustee will accede at the time that
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Examples of Controlling Beneficiary Deed in a sentence

  • Subject to Clause 25 of the Funding 1 Deed of Charge, Clause 12 of the Funding 2 Deed of Charge and Clauses 2, 3 and 4 of the Controlling Beneficiary Deed, any amendments to this Amended and Restated Master Definitions and Construction Schedule will be made only with the prior written consent of each party to this Amended and Restated Master Definitions and Construction Schedule.

  • Subject to the Controlling Beneficiary Deed (as applicable) and (in the case of a Funding Company) the relevant Funding 1 Deed of Charge, no amendment or waiver of any provision of this Deed shall be effective unless the same shall be in writing and signed by (or by some person duly authorised by) each of the parties to this Deed.

  • The Funding Security Trustees shall have no liability to any person in the event that, having used reasonable endeavours, subject to the terms of the Controlling Beneficiary Deed, they are unable to appoint a substitute cash manager.

  • Each Funding Company and each Funding Security Trustee will exercise all rights, powers, benefits and/or discretions conferred on it under this Deed (including, without limitation, in giving its consent, approval or authorisation to any event, matter or thing requested hereunder) in accordance with the Controlling Beneficiary Deed (as applicable) and (in the case of a Funding Company) the relevant Funding 1 Deed of Charge.

  • Furthermore, any liberty or power which may be exercised or any determination which may be made hereunder by a Funding Security Trustee may be exercised or made in its absolute discretion without any obligation to give reasons therefor, but in any event must be exercised or made in accordance with the provisions of the Funding Deed of Charge or the Funding 2 Deed of Charge (as applicable) and the Controlling Beneficiary Deed.

  • Subject to CLAUSE 3 of the Controlling Beneficiary Deed and (in the case of Funding 1) CLAUSE 25.8 of the Funding 1 Deed of Charge and (in the case of Funding 2) CLAUSE 24.8 of the Funding 2 Deed of Charge no amendment or waiver of any provision of this Deed nor consent to any departure by any of the parties therefrom shall in any event be effective unless the same shall be in writing and signed by each of the parties to this Deed.

  • Each Funding Company and each Funding Security Trustee will exercise all rights, powers, benefits and/or discretions conferred on it under this Deed (including, without limitation, in giving its consent, approval or authorisation to any event, matter or thing requested hereunder) in accordance with the Controlling Beneficiary Deed (as applicable) and (in the case of a Funding Company) the relevant Funding Company Deed of Charge.

  • Subject to the Controlling Beneficiary Deed (as applicable) and (in the case of a Funding Company) the relevant Funding Company Deed of Charge, no amendment or waiver of any provision of this Deed shall be effective unless the same shall be in writing and signed by (or by some person duly authorised by) each of the parties to this Deed.

  • The Mortgages Trustee was removed as a party to the Controlling Beneficiary Deed in connection with the migration of the Mortgages Trustee role from Jersey to the United Kingdom which took place in September 2015.

  • As at the date of this Deed (the Effective Date), any future rights or obligations (excluding such rights and obligations accrued to the Effective Date) of a party under the Existing Controlling Beneficiary Deed shall be extinguished and shall instead be governed by this Deed.


More Definitions of Controlling Beneficiary Deed

Controlling Beneficiary Deed means the beneficiary deed to be entered into on or about [{circle}] 2006 between, amongst others, the parties hereto as may be amended, restated, novated, varied or supplemented from time to time;
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Related to Controlling Beneficiary Deed

  • land reform beneficiary , in relation to a property, means a person who -

  • Beneficiary Designation Form means the form established from time to time by the Plan Administrator that the Executive completes, signs and returns to the Plan Administrator to designate one or more Beneficiaries.

  • Beneficiary designation means the naming in a governing instrument of a beneficiary of an insurance or annuity policy, of an account with POD designation, of a security registered in beneficiary form (TOD), of a pension, profit-sharing, retirement, or similar benefit plan, or of another nonprobate transfer at death.

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • Surviving beneficiary or "surviving descendant" means a beneficiary or a descendant who did not predecease the decedent and is not considered to have predeceased the decedent under section 2702.

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • Beneficiary(ies means the individual or individuals designated in the Application by the Subscriber(s) to whom, or on whose behalf, Educational Assistance Payments are agreed to be paid, provided such individual qualifies under the Applicable Legislation and the Plan at the time such payments are made;

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Third Party Beneficiary means each of the non-NHS bodies set out in the list attached at Schedule 1, as supplied from time to time by the Authority to the Contractor;

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

  • Annuitant means a person who receives a retirement allowance or a disability allowance;

  • Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

  • Individual Agreement means an employment, consulting or similar agreement between a Participant and the Company or one of its Subsidiaries or Affiliates.

  • Plan approved domestic relations order means a judgment, decree, or order (including the approval of a settlement agreement) which is:

  • Personal representative means the person or persons who, upon the disability or incompetence of a Participant, shall have acquired on behalf of the Participant, by legal proceeding or otherwise, the power to exercise the rights or receive benefits under this Plan and who shall have become the legal representative of the Participant.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;