Primary Beneficiaries definition

Primary Beneficiaries means beneficiaries of a trust, other than contingent remaindermen, who have, in the aggregate, a beneficial interest in at least 85% of the income and principal of the trust.
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Primary Beneficiaries means persons or households with a qualifying income between R1,500.00 and R5,500.00 per month or as amended from time to time;
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Primary Beneficiaries refers to Nafin and Bancomext, as well as any other Party deemed a “Lender” in the future under the terms of the Credit Agreement and the Agency Agreement.
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Examples of Primary Beneficiaries in a sentence

  • If none of the Primary Beneficiaries survive me, the balance in the account shall be paid to the Contingent Beneficiaries who survive me in equal shares (or in the specified shares, if indicated).

  • Unless the Owner directs otherwise, when there are two or more Primary Beneficiaries, they will receive equal shares.

  • I understand that, unless I have specified otherwise, if I name multiple Primary Beneficiaries and a beneficiary does not survive me, such interest is terminated and that percentage will be divided proportionately among the remaining Primary Beneficiaries.

  • If any Primary Beneficiary predeceases me, his share is to be divided among the Primary Beneficiaries who survive me in the relative proportions assigned to each such surviving Primary Beneficiary.

  • In the event of my death, the balance in the account shall be paid to the Primary Beneficiaries who survive me in equal shares (or in the specified shares, if indicated).


More Definitions of Primary Beneficiaries

Primary Beneficiaries. CEMEX S.A. de C.V., Centro Distibuidor de Cemento S.A. de C.V. and any CONTROLLED ENTITY that joins the Trust, insofar as the amounts produced by the sale of the OPTION RIGHTS and the underwriting or sale, if any, of SHARES or CEMEX.CPO are concerned, in respect of any OPTION RIGHTS on which the TRUSTEE should provided the necessary coverage or so that the TRUSTEE is in a position to fulfill its obligations under the OPTION RIGHTS.
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Primary Beneficiaries means that person or persons specified as such in the Schedule hereto.The Secondary Beneficiaries means the person or persons specified as such in the Schedule hereto.The Tertiary Beneficiaries means the person or persons specified as such in the Schedule hereto.The Primary Beneficiaries, the Secondary Beneficiaries and the Tertiary Beneficiaries include persons who from time to time until the Perpetuity Date come under each category respectively notwithstanding that such persons may not be in existence, or have not come into such category at the date of this Deed.”The beneficiaries were listed in the schedule of the trust deed as follows:
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Primary Beneficiaries or “Primary Beneficiary” shall refer to _____________ ________.
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Primary Beneficiaries means the Covered Communities, as the primary social investment beneficiaries, located within Sasol’s Area of Impact.
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Primary Beneficiaries means collectively the persons named in Part A of the Schedule as the Primary Beneficiaries.
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Primary Beneficiaries means any of the Agents, the Trustees, the Arrangers, the Underwriters, the Banks, the Function Banks, the Approved Hedging Counterparties and any other party providing financial accommodation under a New Secured Facility;
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Primary Beneficiaries means the depositors of Banco del Progreso S.A., a financial institution organized under the laws of Ecuador, and the depositors of Banco del Progreso Ltd., a financial institution organized under the laws of the Cayman Islands, who, on such date or dates, had deposits which constituted obligations of Banco del Progreso S.A. or Banco del Progreso Ltd., as the case may be, which did not exceed US$4,000 in the aggregate.
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