Existing beneficiary definition

Existing beneficiary means the person identified as the ‘Existing Beneficiary’ in Schedule 2 (Parties and Notice Details).
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Existing beneficiary means a person having firm allocation from a central power generating station on the date of coming into force of these regulations and who has entered into Bulk Power Transmission Agreement with the Central Transmission Utility;
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Existing beneficiary means a person who is a user of the transmission / distribution system on the date of coming into force of these regulations either as a generator or transmission licensee or distribution licensee or deemed licensee or otherwise permitted to its user.
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Examples of Existing beneficiary in a sentence

  • The Existing Beneficiary shall remain entitled to the Retained Rights and shall remain bound to perform the Retained Obligations, in each case as if the Existing Beneficiary had remained the ‘Beneficiary’ under the GATS Trust Instrument.

  • Additional Definitions In this Section 3: Existing Beneficiary Proceeds means all proceeds of the Trust Estate allocable to the Remaining Aircraft Equipment, including (in each case to the extent allocable to such Aircraft Equipment) all insurance proceeds and requisition proceeds, all rent proceeds under any Lease Agreement, and all other proceeds under any Lease Agreement and under each other Related Document.

  • New Beneficiary Confirmations to Trustee During the Partial Transfer Period, the New Beneficiary authorizes the Trustee under and on the same terms as section 5.1(b) of the Master Terms, provided that the reference to the ‘Beneficiary’ in section 5.1(b)(ii) shall continue to refer to the Existing Beneficiary; and The New Beneficiary has no legal title to any part of the Trust Estate.

  • Assignment and Transfer of Residual Beneficial Interest As soon as reasonably possible after the Effective Time (taking into consideration the location of the relevant Aircraft Equipment from time to time), the Existing Beneficiary agrees to assign and transfer the Residual Beneficial Interest to the New Beneficiary pursuant to a subsequent GATS Transfer Instrument.

  • With effect from the Effective Time: the Existing Beneficiary assigns and transfers all of the Transferred Beneficial Interest to the New Beneficiary, and the New Beneficiary accepts such assignment and transfer; and the Trustee consents to the assignment and transfer of the Transferred Beneficial Interest to the New Beneficiary.

  • The Existing Beneficiary hereby represents and warrants to the New Beneficiary, its successors and assigns that there is assigned and transferred to the New Beneficiary at the Effective Time full legal and beneficial title to all of the Transferred Beneficial Interest free and clear of all Security Interests.


More Definitions of Existing beneficiary

Existing beneficiary means a person who is a user of the transmission system or distribution network on the date of commencement of these regulations either as a generating company or as a transmission licensee or distribution licensee;
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Existing beneficiary means a person having on the date of coming into force of these regulations utilised the lines and facilities of the State Transmission Utility, other transmission licensee and distribution licensee and consumers of distribution licensee including that of the deemed licensee.
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Existing beneficiary means a person who is a user of the transmission / distribution network on the date of coming into force of these Regulations either as a generator or transmission licencee or distribution licencee or deemed licencee or other wise permitted to its use.
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Existing beneficiary has the meaning set forth in Section 5.23(a).
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Existing beneficiary means a person or household that isbenefitting from a social protection intervention;
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Existing beneficiary means a person who is the holder of a beneficiary's account under the State Employees Retirement Benefits Act 1979 or the Transport Superannuation Act 1988 immediately before the commencement of section 24 of the Superannuation Acts (General Amendment) Act 1995;'.
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Related to Existing beneficiary

  • 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.

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

  • 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.

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

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

  • Beneficiary means the person, persons, trust or trusts that have been designated by a Participant in his or her most recent written beneficiary designation filed with the Committee to receive the benefits specified under the Plan upon such Participant’s death or to which Awards or other rights are transferred if and to the extent permitted under Section 10(b) hereof. If, upon a Participant’s death, there is no designated Beneficiary or surviving designated Beneficiary, then the term Beneficiary means the person, persons, trust or trusts entitled by will or the laws of descent and distribution to receive such benefits.

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

  • housing benefit means housing benefit under Part 7 of the SSCBA;

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

  • 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.

  • 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 beneficiary(ies) designated by the Participant who are entitled to receive any distributions from the Plan payable upon the death of the Participant.

  • Spouse means, an individual who,

  • 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.

  • 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.

  • Eligible beneficiary means a resident of this state who:

  • Beneficiaries means any Person to whom the Issuer is or hereafter becomes indebted or liable.

  • 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.

  • Community spouse means a spouse of an institutionalized spouse for the purposes of rules 441—75.5(249A), 441—75.16(249A), and 441—76.10(249A).