Nominated Beneficiary definition

Nominated Beneficiary means, at any time, a Person who has been designated as a “Nominated Beneficiary” under, and at that time remains a “Nominated Beneficiary” in accordance with, a Nomination.

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Nominated Beneficiary means a person nominated under Article 63 or (where the context so requires) a previous provision to the like effect;

Nominated Beneficiary means the person nominated by the Policyholder to receive the Benefits upon the death of the Policyholder;

Examples of Nominated Beneficiary in a sentence

• Nominated Beneficiaries shall be deemed to be Creditors for the purposes of this Deed, provided that the Crown’s liability to a Nominated Beneficiary shall be limited to the amount (if any) specified in or determined in accordance with the relevant Nomination.

• In return for the timeous and prior payment of the required monthly premium by the Policyholder and receipt thereof by Guardrisk Life and subject to the terms and conditions detailed below, on the occurrence of the Claim Event, Guardrisk will pay the Benefit to the Nominated Beneficiary, or in the case of the Spouse or Child option, the benefit will be paid directly to the Main Policyholder.

• In such event, the Trustees shall identify the Nominated Beneficiary of the Geographical Area concerned that received the next highest number of votes in the election referred to in this clause 10.2.3 and that Nominated Beneficiary (hereinafter referred to as the "Replacement Nominated Trustee Elect") shall be put forward to the Master to replace the disqualified Nominated Trustee Elect as a Trustee of the Trust.

• The Customer shall indemnify and hold harmless Western Union from any and all liabilities, claims, costs, expenses and damages of any nature, arising out of or relating to the Nominated Beneficiary Account being inaccessible for any reason.

• Western Union will rely on the account number specified for the Nominated Beneficiary Account and will not check to ensure that the name provided by the Customer accords with the account number.

More Definitions of Nominated Beneficiary

Nominated Beneficiary means a person who has been nominated by a Member to receive payments following the Member's death pursuant to an optional method of payment described in Section 4.03. The designation of Nominated Beneficiary shall be in writing and notarized, and shall be effective upon receipt by the System.

Nominated Beneficiary means any individual or corporation named in a signed expression of wish relating to the disposal of any sum to be held upon the discretionary trusts, as referred to in paragraph (e) of the definition of "discretionary trusts", who is neither a relative nor a dependant of the individual expressing the wish.

Nominated Beneficiary means a Dependant or other person nominated in writing by the Member under clause 12;

Nominated Beneficiary means the beneficiary nominated by the Principal Member to receive the Benefits;

Nominated Beneficiary means those Persons whom a Member has last nominated in writing to the Manager to receive a benefit from the Scheme in the event of the death of the Member.

Nominated Beneficiary means a nominated beneficiary selected by you whilst the policy is in force and prior to any claim and confirmed by us in writing.

Nominated Beneficiary means the nominated beneficiary as identified in the Covering Schedule.