Potential Beneficiary definition

Potential Beneficiary and ‘Potential Beneficiaries’ means the person(s) described in Box ‘A’.

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Potential Beneficiary means a person (whether or not an ascertained person) who—

Potential Beneficiary means a person (whether ascertained or not) who is not a beneficiary but may become a beneficiary as being at a future date or on the happening of a future event a person of any specified description or a member of any specified class of persons; and

Examples of Potential Beneficiary in a sentence

The Trustee will have no claim by way of indemnity against any Beneficiary or Potential Beneficiary except as provided in clause 8.5 (Unsuccessful suit for breach of trust) of this deed, nor will any Beneficiary or Potential Beneficiary have any liability of any nature for or in respect of any liabilities incurred by the Trustee in the execution of or attempted execution of or as a consequence of the failure to exercise any of the Trustee’s duties, authorities, powers and discretions under this deed.
If the Notice of Annual Meeting requests persons proposing to attend the meeting to advise the Trustee of their intention, a Contributor, Beneficiary or Potential Beneficiary who has not done so may be denied entry to the Annual Meeting by the Trustee.
The Settlor and all the Trustees must sign in this section and each signature should be witnessed by an independent person who is aged 18 or over, and who is not a party to this Trust Deed or a Potential Beneficiary.

More Definitions of Potential Beneficiary

Potential Beneficiary means a person, whether ascertained or not, who is not a beneficiary but may become a beneficiary at a future date or on the happening of a future event and whose data is entered in the Registry ;

Potential Beneficiary. , of a payment, means the entity to which or in relation to which a payment would be paid for a purpose mentioned in section 127(1).67

Potential Beneficiary means an individual or tribe determined eligible to share in the IMPL Escrow Accourit provided a proper acceptance is received on behalf of the individual or tribe involved.

Potential Beneficiary means a person who may be eligible to receive the benefits of a Judgment Fund Program, but who is not necessarily the applicant for said benefits, such as decedents for whom burial assistance is sought and minors whose parents are seeking school clothing assistance.