Facility Beneficiaries definition

Facility Beneficiaries means together the Facility Agent, the Facility Security Trustee, the GIEK Agent, the Mandated Lead Arrangers, the Bookrunner, the Hedging Providers and the Facility Lenders (each a Facility Beneficiary).
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Facility Beneficiaries means together the Syndicate Banks, the Facility Security Trustee, the Facility Agent, the Technical Bank and the Arrangers, and all references to the Facility Beneficiaries include a reference to each or any of them;
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Facility Beneficiaries shall have the meaning specified in Section 1.1 of the Facility Agency Agreement.
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Examples of Facility Beneficiaries in a sentence

  • Each of the other Facility Beneficiaries agrees that the obligations, rights and benefits vested in the Facility Security Trustee shall be performed and exercised in accordance with this clause 15.

  • The Borrower shall ensure that at all times the claims of the Facility Beneficiaries against it under the Facility Documents rank at least pari passu with the claims of all its other unsecured creditors save those whose claims are preferred by any bankruptcy, insolvency, liquidation, winding-up or other similar laws of general application.

  • Nothing contained in this clause 22 shall limit the right of the Facility Beneficiaries to commence any proceedings against the Borrower in any other court of competent jurisdiction nor shall the commencement of any proceedings against the Borrower in one or more jurisdictions preclude the commencement of any proceedings in any other jurisdiction, whether concurrently or not.

  • The Facility Security Trustee agrees and declares, and each of the other Facility Beneficiaries acknowledges, that, subject to the terms and conditions of this clause 15.3, the Facility Security Trustee holds the Secured Property on trust for the Facility Beneficiaries absolutely.

  • No variation or amendment of a Facility Document shall be valid unless in writing and signed on behalf of all the Facility Beneficiaries and the relevant Security Party.

  • Neither it nor any Security Party is a FATCA FFI or a US Tax Obligor provided that, in the absence of dishonesty, wilful misconduct or gross negligence and without prejudice to any other remedies available to the Facility Beneficiaries, a misrepresentation under or breach of this clause 11.20 shall be disregarded for the purpose of determining whether an Event of Default or Default has occurred.

  • The Borrower shall promptly notify the Facility Agent if any Security Party becomes or ceases to be a FATCA FFI or a US Tax Obligor, provided that, in the absence of dishonesty, wilful misconduct or gross negligence and without prejudice to any other remedies available to the Facility Beneficiaries, a breach of this clause 12.1.32 shall be disregarded for the purpose of determining whether an Event of Default or Default has occurred.

  • In the event that JPMorgan Chase Bank, N.A. does not designate a successor, the Litigation Trustee shall nominate a representative of a Credit Facility Beneficiary as the successor LTAC Member and such nominee shall become the successor LTAC Member if such nominee agrees to serve in such capacity and such nominee is approved by a written consent of the majority in dollar amount, or the affirmative vote of the majority in dollar amount of those voting, of the Credit Facility Beneficiaries.

  • The Facility Agent and/or the GIEK Agent may, without any liability to account to the Facility Lenders or the Facility Beneficiaries (in the case of the Facility Security Trustee), generally engage in any kind of banking or trust business with a Security Party or with a Security Party’s subsidiaries or associated companies or with a Facility Lender or the Facility Beneficiaries (in the case of the Facility Security Trustee) as if it were not the Facility Agent or, as the case may be, the GIEK Agent.

  • For the avoidance of doubt, the Credit Facility Beneficiaries will not be entitled to receive any portion of the Initial Distribution Amount.

Related to Facility Beneficiaries

  • Third Party Beneficiaries has the meaning ascribed thereto in Section 8.8(1).

  • Disability Benefit means the benefit set forth in Article 8.

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

  • Annuity Benefit means a benefit payable by us as described in Part VII.

  • 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;

  • Maturity Benefit means the amount of benefit which is payable on maturity i.e. at the end of the Policy term, as stated at the inception of the Policy contract and specified in the Policy Schedule

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

  • 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.

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

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

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

  • Alternate Payee means any spouse, former spouse, child, or other dependent of a Participant who is recognized by a qualified domestic relations order as having a right to receive all, or a portion of, the benefits payable under a Plan with respect to such Participant.

  • Social Security Benefit means an amount received by a claimant as a monthly benefit in accordance with the Social Security Act, 42 U.S.C. Sec. 401 et seq.

  • Primary Social Security Benefit means, with respect to any member, the primary insurance amount

  • Social Security Benefits means any social insurance, pension insurance benefits, medical insurance benefits, work-related injury insurance benefits, maternity insurance benefits, unemployment insurance benefits and public housing reserve fund benefits or similar benefits, in each case as required by any applicable Law or contractual arrangements.

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

  • 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;

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

  • 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.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Covered Account means an Account established by a financial intermediary for another as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through BNYM.

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

  • Pecuniary benefit means benefit in the form of money, property, commercial interests or anything else the primary significance of which is economic gain. Expenses associated with social occasions afforded public servants shall not be deemed a pecuniary benefit.

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

  • Retirement Benefit means the benefit set forth in Article 5.

  • SERP Benefit means the benefit described in Section 5.1.