Permitted Beneficiary definition

Permitted Beneficiary means, as to any natural person, such person’s spouse, such person’s issue, a spouse of such person’s issue, a whole or half brother or sister of such person and/or a cousin of such person.

Permitted Beneficiary means any insurance company, state workers' compensation authority, state or Federal environmental agency, related trustee or surety, local utility, municipality, other domestic or foreign Governmental Authority, any vendor of goods or services being purchased by the Borrower or any of its Subsidiaries, any domestic or foreign financial institution, or any other Person approved by the Facing Agent, in its sole discretion.

Permitted Beneficiary is defined in Section 6.3.

Examples of Permitted Beneficiary in a sentence

• That notice shall specify (i) the proposed date of issuance or extension (which shall be a Business Day), (ii) the type of Letter of Credit, (iii) the Stated Amount of the Letter of Credit, (iv) the expiration date of the Letter of Credit, (v) the name and address of the beneficiary (which shall be a Permitted Beneficiary) and (vi) such other information as the Facing Agent may reasonably request.

• The Group IV Lessor (or the Master Collateral Agent on behalf of the Group IV Lessor) has obtained, as security for the liabilities of the Group IV Lessees under this Lease, a first priority perfected security interest on all Group IV Vehicles and all the other Master Collateral with respect to which the ARG II Trustee and any Additional Permitted Beneficiary is designated as the Beneficiary under the Master Collateral Agency Agreement.

• Create or permit to exist any Lien with respect to any Master Collateral with respect to which the ARG II Trustee or any Additional Permitted Beneficiary is designated as the Beneficiary, whether now or hereafter existing or acquired, except Permitted Liens.

• Any DB Permitted Beneficiary (and any of their respective permitted successors) shall have the right under the Contracts (Rights of Third Parties) Act 1999 to enforce the terms of the consent and agreement provided by AB InBev pursuant to paragraph 2(d) subject to and in accordance with the terms of paragraphs 17 and 30.

• The parties to this Undertaking may not vary any term under paragraph 2(d) without the consent of the relevant DB Permitted Beneficiary.

More Definitions of Permitted Beneficiary

Permitted Beneficiary. The meaning ascribed to such term in the Surety Bond. Person: Any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof.

Permitted Beneficiary means, as to any natural person, such person's spouse, such person's issue, a spouse of such person's issue, a whole or half brother or sister of such person and/or a cousin of such person.

Permitted Beneficiary means, with respect to any Ultimate Employee, such Ultimate Employee’s (a) spouse (or ex-spouse) and lineal descendants thereof (including by adoption), (b) lineal descendants (including by adoption) and spouses thereof, (c) siblings (including by adoption), spouses thereof and lineal descendants thereof (including by adoption) and (d) spouse’s siblings (including by adoption), spouses thereof and lineal descendants thereof (including by adoption).

Permitted Beneficiary has the meaning set forth in Section 3.5 hereof.

Permitted Beneficiary means, as to any Person who is an original party to this Agreement (and not a transferee of such party): (a) that Person; (b) that Person's spouse; (c) that Person's issue; (d) a spouse of that Person's issue; (e) that Person's siblings; (f) the issue of that Person's siblings; and (g) any Person of which that Person is the issue.

Permitted Beneficiary means: Principal Mutual Life Insurance Company, its successors and assigns if, and only if, a Permitted Deed of Trust exists.

Permitted Beneficiary means, with respect to J. Spencer Standish, Mr. Standish’s spouse, his issue, a spouse of his issue, a whole or half brother or sister of Mr. Standish, a cousin of Mr. Standish, or a trust the primary beneficiaries of which are Mr. Standish or any of the persons previously specified in this Section 2.20.