Policy Beneficiaries definition
Examples of Policy Beneficiaries in a sentence
AAC shall provide (which shall include posting information on its website) the Policy Beneficiaries with the Financial Reporting Packages on a periodic basis as specified in Schedule C.
The Ambac Parties further acknowledge that the Policy Beneficiaries or their Affiliates are full service banks or securities firms engaged in a broad range of transactions that may involve interests that differ from the interests of the Ambac Parties and their Affiliates, and that no Policy Beneficiary or Affiliate thereof has any obligation to disclose such interests and transactions to the Ambac Parties.
Notwithstanding the foregoing, the Confidentiality Agreement dated as of September 30, 2009, between AAC and its affiliates and the Policy Beneficiaries shall remain in full force and effect according to its terms.
The terms of this Paragraph 10 shall not be Amended in a manner adverse to the Policy Beneficiaries until the AAC Surplus Notes have been paid in full, redeemed or repurchased (whether as scheduled or pursuant to a call or other early redemption).
Upon execution, the party hereto shall promptly provide delivery of an executed copy of this Joinder Agreement to AAC and Xxxxx Xxxx & Xxxxxxxx LLP as counsel to the Policy Beneficiaries.
Besides, changes to the content of some of the bank’s lending programs are slated for future discussion (the Job Generation Program and the Lending Program for Policy Beneficiaries in Difficult Areas), thus several information is not on firm ground.2The reason for the shaky data obtained is, in the first instance, that there has been insufficient liaison among the ministries and institutions involved in the different lending programs to date.
Execution of the Indemnity AgreementIn compliance with Indemnity Policy, Beneficiaries shall formalize an Indemnity Agreement with the Company on the date they take office or while in office, within 30 days.
Subject to the following sentence, the Transferred Policy Holder shall retain the exclusive right to control claims under such Transferred Insurance Policies, provided that the Transferred Policy Beneficiaries shall have the right, but not the duty, to monitor such claims.
For the b) part, the question required candidates to explain the additional audit work the auditor should carry out in respect of a fine from a given scenario.
If there are additional Policy Beneficiaries to be named, please use separate Additional Policy Beneficiary Designation Form.