Qualifying Recipient definition

Qualifying Recipient means a Member that was both alive on the day of the Vote and was a Member on the day of the Vote, and who has reached the age of twenty-one (21) or has reached the age of eighteen

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Qualifying Recipient means a person who meets all of the following eligibility criteria:

Qualifying Recipient with respect to a payment to be made by an Obligor pursuant to a Facility Document, means a Recipient of the payment that:

Examples of Qualifying Recipient in a sentence

• If a Recipient fails to indicate its status in accordance with this Section 2.17(f)(iii) then such Recipient shall be treated for the purposes of this Agreement and by each UK Loan Party as if it is not a Qualifying Recipient until such time as it notifies the Administrative Agent which category applies (and the Administrative Agent, upon receipt of such notification, shall inform each UK Loan Party).

• Provided that the Recipient is a Qualifying Recipient, no Obligor is required to make any deduction for or on account of U.S. federal income tax from any payment it may make under any Facility Document.

• For example, if a Member is not paid their Per Capita Distribution until ten (10) years following the year in which they became a Qualifying Recipient, the amount payable remains the same as it was in the year it became payable.

• Ten business days prior to each Distribution Date, Buyer shall request confirmation from Seller that each Transferring Participant qualifies as a Qualifying Recipient, and such confirmation shall be deemed given for all purposes under this Section if notice to the contrary is not received within 3 Business Days prior to the Distribution Date.

More Definitions of Qualifying Recipient

Qualifying Recipient has the meaning set forth in Section 4.16.

Qualifying Recipient means any eligible recipient who has been awarded a grant from the authority to provide supervision to Utah’s homeless or impoverished in the form of housing, food, physical or mental health services, language acquisition instruction, or other basic needs to prevent or alleviate homelessness or poverty in Utah.