Presently exercisable power of appointment definition

Presently exercisable power of appointment means a power of appointment exercisable by the powerholder at the relevant time. The term:
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Presently exercisable power of appointment means a power of appointment
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Presently exercisable power of appointment means a power of appointment exercisable by the powerholder at the relevant time. "Presently exercisable power of appointment" includes a power of appointment exercisable only after the occurrence of a specified event, the satisfaction of an ascertainable standard, or the passage of a specified time, only after (i) the occurrence of the specified event, (ii) the satisfaction of the ascertainable standard, or (iii) the passage of the specified time. "Presently exercisable power of appointment" does not include a power exercisable only at the powerholder's death.
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Examples of Presently exercisable power of appointment in a sentence

  • Dividend sweep option:The investor has the option to sweep dividend declared in the Scheme into any other open-ended scheme of IDFC Mutual Fund.


More Definitions of Presently exercisable power of appointment

Presently exercisable power of appointment means a power of appointment exercisable by the
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Presently exercisable power of appointment means a power of appointment exercisable by the powerholder at a relevant time.
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Related to Presently exercisable power of appointment

  • Power of appointment means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over the appointive property. The term does not include a power of attorney.

  • General power of appointment means a power of appointment exercisable in favor of the powerholder, the powerholder's estate, a creditor of the powerholder, or a creditor of the powerholder's estate.

  • Initial appointment means appointment made otherwise than by promotion or transfer;

  • (4) SECRETARY.—The term Secretary’ means

  • Letter of Appointment means the written communication by SAICA to the Contractor recording the acceptance by SAICA of Contractor’s bid subject to the further terms and conditions to be itemized in the contract;

  • (5) SECRETARY.—The term Secretary’ means

  • (6) SECRETARY.—The term Secretary’ means

  • Probationary appointment means employment for a designated period of time during which the probationer is evaluated as a candidate to be awarded tenure. In the event an academic employee is employed full-time as a temporary academic employee and the next year with a probationary appointment as an academic employee, the consecutive College quarters in which the individual was so employed full-time shall be credited towards tenure consideration.

  • Service-disabled veteran-owned business means a service-disabled veteran-owned business located in the State of Tennessee that satisfies the criteria in Tenn. Code. Ann. § 12-3-1102(8). "Service-disabled veteran" means any person who served honorably in active duty in the armed forces of the United States with at least a twenty percent (20%) disability that is service-connected, i.e., the disability was incurred or aggravated in the line of duty in the active military, naval or air service.

  • Optioned Shares means the shares of Common Stock that are issued pursuant to the exercise of the Options;

  • Vested means the nonforfeitable portion of any account maintained on behalf of a Participant.