Second Beneficiaries definition

Second Beneficiaries means the facility agent under our senior credit facility or any Designated Refinancing Agreement, any other authorized representatives of either any other series of Senior Liabilities or the Senior Liabilities as a whole, the Senior Finance Parties and our secured hedge counterparties;
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Second Beneficiaries means the Facility Agent, any other Authorised Representatives, the Senior Finance Parties and the Hedge Counterparties.
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Second Beneficiaries means the Grantors in connection with the rights thereof set forth in Clause Third hereof.
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Examples of Second Beneficiaries in a sentence

  • Order of Payment to First Beneficiary Class and Second Beneficiary Class: Payment of the death benefit will be made in one sum exclusively to the First Beneficiaries who are living at the death of the Insured, if any; otherwise to the Second Beneficiaries who are living, if any.

  • At the Closing of the Second Block, the First and Second Beneficiaries shall pay the Price of the Second Block of Shares in the manner set forth in Article 1.3(b).

  • Simultaneously with the execution and delivery of this Agreement: (a) the First Beneficiary shall deliver to the Trustee certificates representing an aggregate of 400,000 shares of Common Stock representing the Purchased Shares held by the First Beneficiary, and (b) the Second Beneficiaries shall deliver to the Trustee certificates representing an aggregate of 474,686 shares of Common Stock representing the Option Shares held by the Second Beneficiaries.

  • The appointment of the First Beneficiaries and the Second Beneficiaries hereunder shall be effective on the date hereof.

  • Second, Beneficiaries have failed to show that AmerUs actually violated any provisions of the California Insurance Code or the Fair Claims Settlement Practices Regulations.Beneficiaries contend that AmerUs violated various provisions of the California Insurance Code and Fair Claims Settlement Practices Regulations by failing to conduct a thorough investigation of their claims, see 10 CCR § 2695.7(d); failing to provide notice that it needed more time to conduct an investigation, see id.

  • Upon the delivery to the Trustee of the certificates and stock powers referred to in paragraph 1 hereof, the Trustee shall deliver to the First Beneficiary a certificate substantially in the form hereinafter set forth (a "Trustee's Certificate") for the number of Shares delivered to the Trustee by the First Beneficiary, and the Trustee shall deliver to the Second Beneficiaries a Trustee's certificate for the number of Shares delivered to the Trustee by the Second Beneficiaries.

  • The closing in respect of the Second Block of Shares (the "Closing of the Second Block") shall occur at a date determined by the First and Second Beneficiaries on or within 5 days from the date of occurrence of the Transfer of Control of the Company.

  • Pursuant to the terms of the Purchase Agreement, if, subsequent to the second anniversary of the date of this Agreement, the Second Beneficiaries sell or otherwise transfer any of the Option Shares (the "Transferred Shares"), the Trustee's voting power and authority shall cease with respect to such Transferred Shares, the Transferred Shares shall no longer be subject to the terms of this Agreement.


More Definitions of Second Beneficiaries

Second Beneficiaries means the Senior Beneficiaries, the Senior Hedging Banks and the High Yield Hedging Banks;
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Second Beneficiaries means the Facility Agent, the Senior Lenders and the Hedge Counterparties;
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Related to Second Beneficiaries

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

  • Beneficiaries means any Person to whom the Issuer is or hereafter becomes indebted or liable.

  • 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.

  • Vested Benefits means amounts which are vested or which Executive is otherwise entitled to receive under the terms of or in accordance with any plan, policy, practice or program of, or any contract or agreement with, the Company or any of its subsidiaries, at or subsequent to the date of his termination without regard to the performance by Executive of further services or the resolution of a contingency.

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

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

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

  • 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.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive’s employment for reasonable and necessary expenses incurred by the Executive on behalf of the Employer for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, but subject to any deferral election then in effect, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained at the target level (reduced, but not below zero, by amounts paid under all such contingent bonus or incentive compensation awards upon the Change in Control of the Company to the extent such amounts relate to the same period of time); and (v) all other payments and benefits to which the Executive (or in the event of the Executive’s death, the Executive’s surviving spouse or other beneficiary) may be entitled on the Termination Date as compensatory fringe benefits or under the terms of any benefit plan of the Employer, excluding severance payments under any Employer severance policy, practice or agreement in effect on the Termination Date. Payment of Accrued Benefits shall be made promptly in accordance with the Company’s prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits; provided that payments pursuant to clause (iv)(B) shall be paid on the first day of the seventh month following the month in which the Executive’s Separation from Service occurs, unless the Executive’s Separation from Service is due to death, in which event such payment shall be made within 90 days of the date of Executive’s death.

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

  • 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.

  • 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.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Extended benefits means benefits, including benefits payable to federal civilian employees and to ex-servicemen under 5 U.S.C. Chapter 85, payable to an individual under the provisions of this section for weeks of unemployment in his eligibility period.

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

  • Personal representative means the person or persons who, upon the disability or incompetence of a Participant, shall have acquired on behalf of the Participant, by legal proceeding or otherwise, the power to exercise the rights or receive benefits under this Plan and who shall have become the legal representative of the Participant.

  • Severance Benefits means the payment of severance compensation as provided in Section 3.3 herein.

  • 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;

  • Third Party Beneficiaries has the meaning ascribed thereto in Section 8.8(1).

  • Change in Control Benefits means the following benefits:

  • Accrued Benefit have the meanings specified in ERISA.

  • housing benefit means housing benefit under Part 7 of the SSCBA;

  • legal personal representative means the personal or other legal representative of the shareholder;

  • Spouse means, an individual who,

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Lifetime Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder cumulatively since the inception of these Terms and Benefits, irrespective whether any limits of any benefit items stated in the Benefit Schedule have been reached or whether the Annual Benefit Limit in a Policy Year has been reached.