Nonadverse party definition

Nonadverse party means a person who does not have a substantial beneficial interest in the trust or other property arrangement that would be adversely affected by the exercise or nonexercise of the power that the person possesses respecting the trust or other property arrangement. A person having a general power of appointment over property is deemed to have a beneficial interest in the property.
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Nonadverse party means a person who does not have a substantial beneficial interest in the trust or other property arrangement that would be adversely affected by the exercise or nonexercise of the power that the person possesses respecting the trust or other property
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Nonadverse party means a person who has a power relating to a trust or other property arrangement but who does not have a substantial beneficial interest that would be adversely affected by exercise or nonexercise of that power, except that “nonadverse party” does not include a person who has a general power of appointment over property, with respect to that property.
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Examples of Nonadverse party in a sentence

  • Nonadverse party" means a person who does not have a substantial beneficial interest in the trust or other property arrangement that would be adversely affected by the exercise or nonexercise of the power that the person possesses respecting the trust or other property arrangement.

  • Nonadverse party" means a person who does not have a substantial bene- ficial interest in the trust or other property arrangement that would be adversely affected by the exercise ornonexercise of the power that the person possesses respecting the trust or other property arrangement.


More Definitions of Nonadverse party

Nonadverse party means a person who does not have a substantial beneficial
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Nonadverse party means a person who does not have a substantial beneficial interest in the trust
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Nonadverse party means a person who does not have a substantial beneficial interest in
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Nonadverse party means a person who has a power relating to a trust or
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Nonadverse party means any person who is not an adverse party.
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Related to Nonadverse party

  • Adverse impact means any deleterious effect on waters or wetlands, including their quality, quantity, surface area, species composition, aesthetics or usefulness for human or natural uses which are or may potentially be harmful or injurious to human health, welfare, safety or property, to biological productivity, diversity, or stability or which unreasonably interfere with the enjoyment of life or property, including outdoor recreation.

  • Adverse action means a home or remote state action.

  • Environmental Claim means any investigation, notice, notice of violation, claim, action, suit, proceeding, demand, abatement order or other order or directive (conditional or otherwise), by any Governmental Authority or any other Person, arising (i) pursuant to or in connection with any actual or alleged violation of any Environmental Law; (ii) in connection with any Hazardous Material or any actual or alleged Hazardous Materials Activity; or (iii) in connection with any actual or alleged damage, injury, threat or harm to health, safety, natural resources or the environment.

  • Infringement Claim has the meaning set forth in Section 8.2(a).

  • legal or administrative action means any legal proceeding or arbitration and any administrative or regulatory action or investigation;