Qualifying Beneficiary definition
Examples of Qualifying Beneficiary in a sentence
The applicable Owner must submit written notification to MEFA at least thirty (30) days prior to the projected commencement date for utilization of the Contract benefits by a Qualifying Beneficiary.
To avoid back-up withholding on amounts payable to or on behalf of an Owner or Qualifying Beneficiary under the Contract, the Owner and Qualifying Beneficiary shall submit when required a valid and completed Internal Revenue Service Form W-9.
The Owner may, upon payment of a Change of Beneficiary Fee, change the Qualifying Beneficiary of a Tuition Certificate from time to time by providing written notice to MEFA, together with a satisfactory representation to MEFA that the substitute Qualifying Beneficiary is a Qualifying Beneficiary Relative.
Upon the death of the Owner, the Successor Owner will become, and shall have all rights of, the Owner under this Enrollment Agreement, including the right to direct MEFA to transfer Tuition Certificate proceeds to the Owner instead of for the benefit of the Qualifying Beneficiary and the right to designate a Successor Owner.
The Owner shall not transfer Tuition Certificates or redesignate a Qualifying Beneficiary except as permitted under this Section V.