New Beneficiary definition

New Beneficiary means the person identified as the ‘New Beneficiary’ in Schedule 2 (Parties and Notice Details).
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New Beneficiary means an individual to whom rights under the Contract have been transferred pursuant to Rule 1700-05-04-.05.
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New Beneficiary means an individual who is a Family Member to whom contract rights have been transferred.
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Examples of New Beneficiary in a sentence

  • The Beneficiary’s right of claim before the Bank under the Bank Guarantee can be transferred in full or partially by the Beneficiary to a Third Party (hereinafter referred to as a New Beneficiary) only on the basis of the Bank’s prior written consent and the payment of the Commission Fee for transfer of the Bank Guarantee by the Customer, provided that the Agreement and/or the Guarantee Notice stipulate such a right.

  • Name of New Beneficiary (first, middle initial, last) New Beneficiary Social Security Number or Taxpayer Identification Number (Required) Birth Date of New Beneficiary (mm/dd/yyyy) Citizenship (If other than U.S. citizen, please indicate country of citizenship.) Relationship of the new Beneficiary to existing Beneficiary Check here if new Beneficiary address is the same as Account Owner’s mailing address and go to the next section.

  • On not more than 30 days' written notice nor less than 15 days' written notice to the Mortgages Trustee, the Seller and Funding 1 may direct the Mortgages Trustee to add a New Beneficiary to the Mortgages Trust.

  • Assignment and Transfer of Beneficial Interest 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 current stock of Yemeni emigrants is estimated at 1,134,700, or 4.7 percent of the population.

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

  • Such New Beneficiary shall accede to this Deed in accordance with Clause 2.1 and shall thereupon become a Further Funding Company.

  • On not more than 60 days' written notice nor less than 20 days' written notice to the Mortgages Trustee, Funding 1, Funding 2 and the Seller may direct the Mortgages Trustee to add a New Beneficiary to the Mortgages Trust.

  • The Beneficiary’s right of request towards the Bank under the Bank Guarantee can be transferred in full or partially by the Beneficiary to a Third Party (hereinafter referred to as the New Beneficiary) only on the basis of the Bank’s prior written consent and payment by the Customer of the Commission Fee for the transfer of the Bank Guarantee, if the Bank Guarantee Agreement and/or the Guarantee Certificate stipulate the abovementioned authority.

  • Except for its covenants and obligations under this Instrument, the New Beneficiary shall otherwise have no obligations as ‘Beneficiary’ under the GATS Instrument.


More Definitions of New Beneficiary

New Beneficiary means an individual to whom rights under the contract have been transferred pursuant to Rule 1700-05-01-.08.
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New Beneficiary. “Security Trustee”, “Borrower”, “TCN Entity”, “Agent”, “Arranger”, “Lender”, “Security Provider” and “Creditor” include, where the context admits, their respective successors, permitted assigns, in the case of the Lenders, their assignees and New Lenders, in the case of the Security Trustee such other person as may from time to time be appointed as Security Trustee for the New Beneficiaries pursuant to the terms of the Intercreditor Deed and, in the case of the Agent, such other person as may from time to time be appointed as Agent pursuant to clause 18.11 of the Loan Agreement.
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Related to New Beneficiary

  • 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.

  • 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.

  • 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.

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

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

  • 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.

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

  • 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;

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

  • 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.

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

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

  • 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.

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

  • Spouse means, an individual who,

  • 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.

  • 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.

  • 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.

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

  • 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.

  • Eligible Spouse means a spouse of an Eligible Retiree who satisfies the requirements for eligibility described in the Eligibility section of this document, or an ex-spouse who is an Eligible Spouse with rights to coverage as an Eligible Spouse pursuant to a court order recognized by SHARP. A Spouse must be married to retiree at least one year prior to the effective date of retirement. A Spouse married after the retiree’s effective retirement date is considered a non-eligible spouse for purposes of the Plan. [See “Spouse”]

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

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

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • additional spouse means a spouse by the party to the marriage who is additional to the party to the marriage;