Residual Beneficiary definition

Residual Beneficiary means a Person resident in Canada designated by the Purchaser to acquire Special Units from Fording pursuant to this Plan of Arrangement;
Sample 1Sample 2
Residual Beneficiary means the Sasol Inzalo Foundation;
Sample 1Sample 2
Residual Beneficiary means the person specified in Schedule Five hereof;
Sample 1Sample 2

Examples of Residual Beneficiary in a sentence

  • It is understood that the Settlement Administrators’ primary duty is to cause the distribution to the Class Members, and their efforts to locate Class Members and re-issue checks shall not be deemed a breach of any duty to the Residual Beneficiary or Defendants.

  • Action/Approval - Kenai Senior Center as a Residual Beneficiary of the Tamera Diane Cone Testamentary Trust – Options for Management of Funds.

  • Upon the winding-up of the NewGold Owner Trust, after all of the liabilities of the NewGold Owner Trust have been discharged, the Residual Beneficiary shall be entitled to the remainder of the assets of the NewGold Owner Trust.3. NewGold NewGold is a special purpose, public company having a share capital, which was incorporated in the RSA in terms of the South African Companies Act on 27 May 2004 for the specific purpose of conducting the ETF.

  • Ordinance No. 3318-2022 – Renaming and Amending Kenai Municipal Code Chapter 7.30 Land Sale Permanent Funds to Establish the Kenai Senior Center Cone Memorial Trust and Directing All Proceeds Received as a Residual Beneficiary from the Tamara Diane Cone Testamentary Trust to be Deposited into such Fund.

  • Notwithstanding anything to the contrary in this Section 6.2(c), the Residual Beneficiary or its successor shall be permitted to transfer the Trust Residual Interest to an Affiliate of the Required Guarantor without the prior written consent of Lender but with notice to Lender, subject to the terms and conditions set forth in the Guaranty Trusts.

  • The term "Defendants" means the following parties named in the IDEM Lawsuit: Xxxxxxxxx Xxxxxxxxx, Estate of Xxxxxx Xxxxx, Xxxxx Xxxxx, as Personal Representative and Residual Beneficiary, Xxx Xxxxx, as Residual Beneficiary, Xxxx Xxxxxx, as Residual Beneficiary, SGLG, LLC., ILMOGP, LLC, L-0-S, LLC, Mayco Holdings, LLC and Xxxxxxxxx Asset 5, LLC.

  • Upon prior written notice (reasonable under the circumstances) to the Residual Beneficiary Representatives, any Debtor may assign, as of the effective time of the applicable Restructuring Transaction, any executory contract and unexpired lease that has not otherwise been rejected, to another surviving, resulting, or acquiring corporation in the applicable Restructuring Transaction without further court approval, pursuant to section 365 of the Bankruptcy Code.


More Definitions of Residual Beneficiary

Residual Beneficiary means any person designated as such by any Plan Owner pursuant to Clause 10 of this Agreement.
Sample 1
Residual Beneficiary. CR Resorts Remainder Company, S. de R.L. de C.V.
Sample 1

Related to Residual Beneficiary

  • Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Beneficiary(ies means the individual or individuals designated in the Application by the Subscriber(s) to whom, or on whose behalf, Educational Assistance Payments are agreed to be paid, provided such individual qualifies under the Applicable Legislation and the Plan at the time such payments are made;

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.

  • Certificateholder only the Person in whose name a Certificate is registered in the Certificate Register.

  • land reform beneficiary , in relation to a property, means a person who -

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • REMIC III Certificateholder The Holder of any REMIC III Certificate.

  • Third Party Beneficiary means each of the non-NHS bodies set out in the list attached at Schedule 1, as supplied from time to time by the Authority to the Contractor;

  • Surviving beneficiary or "surviving descendant" means a beneficiary or a descendant who did not predecease the decedent and is not considered to have predeceased the decedent under section 2702.

  • Class R Certificateholder The registered Holder of the Class R Certificate.

  • Class R-1 Residual Interest The uncertificated undivided beneficial interest in REMIC I which has been designated as the single class of “residual interest” in REMIC I pursuant to Section 2.06.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Special benefit means, for purposes of a property-based district, a particular and distinct benefit over and above general benefits conferred on real property located in a district or to the public at large. Special benefit includes incidental or collateral effects that arise from the improvements, maintenance, or activities of property-based districts even if those incidental or collateral effects benefit property or persons not assessed. Special benefit excludes general enhancement of property value.

  • UTI Beneficiary means NILT Trust, in its capacity as the initial beneficiary of the Titling Trust.

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • Purported Beneficial Transferee means, with respect to any purported Transfer (or other event) which results in a transfer to a Trust, as provided in Section 6.2.2 of this Article VI, the Purported Record Transferee, unless the Purported Record Transferee would have acquired or owned shares of Capital Stock for another Person who is the beneficial transferee or owner of such shares, in which case the Purported Beneficial Transferee shall be such Person.

  • Residual Interest The sole class of "residual interests" in a REMIC within the meaning of Section 860G(a)(2) of the Code.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.