Original Beneficiary definition

Original Beneficiary means the person identified as the ‘Original Beneficiary’ in Schedule 2 (Parties and Notice Details).
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Original Beneficiary means any Beneficiary as defined in the Original Agreement.
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Original Beneficiary means any party that was a Beneficiary as of the Effective Date;
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Examples of Original Beneficiary in a sentence

  • Rule 9.4 Beneficiary Substitution After Contract Benefits Have Been Utilized by the Original Beneficiary.

  • Upon our receipt of any such transfer back to the Original Beneficiary by a Transferee, such Transferee shall cease to have the status of a Transferee under this Letter of Credit and the Original Beneficiary may again transfer this Letter of Credit as provided in this paragraph 5.

  • Except to the extent that the right of the Transferee to transfer this Letter of Credit is limited as set forth in paragraph 5 hereof, the Transferee shall be the Beneficiary hereunder unless and until this Letter of Credit is transferred back to the Original Beneficiary.

  • Such transfer shall be effective upon delivery to us at our Primary Office specified on the Cover Page of a transfer of this Letter of Credit in the form of Exhibit F-1 attached hereto, appropriately completed and manually executed by the Original Beneficiary.

  • Except if the meeting is conducted by conference call or videoconference or other means by which all of the directors can communicate with each other, any formal action can only be taken by unanimous written consent or confirmation provided by all directors.

  • Requesting the Customer to submit a written statement identifying the Original Beneficiary, such statement to contain at least identifying information of the Customers.

  • Original Beneficiary (Lender) Date of Deed of Trust Date of Recording and/orRe-Recording of Deed of Trust Recording Information County Rcpt.

  • BURNS Original Beneficiary: MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC.

  • Taking appropriate measures to verify the identity of the Original Beneficiary, such as reviewing data or information obtained from official documents to the extent that Subject Parties are convinced that they are cognizant of the Original Beneficiary's identity.

  • Drawing a risk management system that indicates whether the Customer or his representative or the Original Beneficiary fall within this category.

Related to Original Beneficiary

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

  • 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.

  • 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.

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

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

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

  • 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.

  • 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.

  • Special benefit means, for purposes of a property-based district, a particular and distinct benefit over and above general benefits conferred on real property located in a district or to the public at large. Special benefit includes incidental or collateral effects that arise from the improvements, maintenance, or activities of property-based districts even if those incidental or collateral effects benefit property or persons not assessed. Special benefit excludes general enhancement of property value.

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

  • Spouse means, an individual who,

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

  • 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.

  • Termination Benefit means the benefit set forth in Article 7.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Disability benefit recipient means a member who is receiving a disability benefit.