Security Beneficiaries definition

Security Beneficiaries. ’ means the persons defined as ‘‘Security Beneficiaries’’ in the Security Trust Deed and ‘‘Security Beneficiary’’ means each of them;
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Security Beneficiaries means the Agents and the Issuer Account Bank;
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Security Beneficiaries means any person who may benefit from the Secured Property other than the Secured Creditors and, in respect of a Series, shall mean those persons specified in the relevant Loan Note Supplement.
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Examples of Security Beneficiaries in a sentence

  • I assured him of my whole hearted support and we both agreed that he should proceed step-wise, (1) to develop the method and establish its validity, (2) to train others to use it, (3) then to educate the profession and the public as to what it had to offer.”Hinsey was visionary, and administratively savvy.

  • Minor Child SSI/Social Security Beneficiaries in Foster Care with Child Welfare Agency Representative Payees, by Type of Benefit, November 30, 2020 Source: CRS, based on GAO, Social Security Administration: New Data Exchanges with Some States Provide Limited Information on Foster Care Beneficiaries, GAO-21-441R, June 3, 2021, Table 14, https://www.gao.gov/products/gao- 21-441r.

  • Parallel Debt Agreement: On the Closing Date, the Issuer and the Security Trustee will among othersenter into the Parallel Debt Agreement for the benefit of the Security Beneficiaries under which the Issuer shall, by way of parallel debt, undertake to pay to the Security Trustee amounts equal to the amounts due by it to the Security Beneficiaries, in order to create a claim of the Security Trustee there under which can be validly secured by the rights of pledge created by the Pledge Agreements.

  • No Costs incurred in respect of any Series will, save as specifically provided herein, be deducted from any amount payable to the Secured Creditors or Security Beneficiaries in respect of any other Series, nor will any such Costs specifically referable to one Series be in any way charged to any Secured Creditors or Security Beneficiaries of another Series.

  • A Security Beneficiary may (and may only) assign, novate or transfer any of its rights and obligations under this deed or the Finance Documents to a successor under and in accordance with clause 8 (Changes to Security Beneficiaries and Security Providers) of the Security Trust Deed.

  • See Hearing on Protecting Social Security Beneficiaries from Predatory Lending and Other Harmful Financial Institution Practices: Hearing Be- fore the H.

  • Such supplement or variation may be made without the consent of the Secured Creditors (or any of the Security Beneficiaries) and the interests of any Secured Creditor (or any Security Beneficiary) shall be subject to any supplement or variation so made.

  • Debtors hereby acknowledge that the Secured Obligations are owed to the various Security Beneficiaries and that each Security Beneficiary is entitled to the benefits of the Liens given under this Agreement.

  • A person may become a party to this deed as a Security Beneficiary other than pursuant to an assignment, transfer, novation or disposal under and in accordance with clause 8 (Changes to Security Beneficiaries and Security Providers) and (if applicable) clause 1.5 (Dealings with Representatives) of the Security Trust Deed.

  • In 2018, Congress passed the Strengthening Protections for Social Security Beneficiaries Act (Strengthening Protections Act) which attempted to remedy child welfare agencies’ lack of representative payee reporting when they claimed foster youth’s federal benefits.


More Definitions of Security Beneficiaries

Security Beneficiaries means all Secured Parties (as defined in the Collateral Agency and Intercreditor Agreement), in their capacities as Secured Parties under such agreement.
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Security Beneficiaries in respect of Series 2015-1, for the purposes of the definition of the same in the Security Trust Deed and Cash Management Agreement, shall include the Receivables Trustee, the Servicer, the Cash Manager, the Loan Note Issuer Account Bank, the Receivables Trustee Account Bank, the Calculation Agent, any Qualifying Swap Provider in respect of Series 2015-1 and, in respect of the Issuer Costs Amount and the Issuer Profit Amount, the Issuer.
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Security Beneficiaries means the persons defined as "Security Beneficiaries" in the Security Trust Deed and Security Beneficiary means each of them;
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Security Beneficiaries means the Agent, the Banks, the Working Capital Bank, the Hedging Counterparty (provided the Hedging Counterparty is Bank of Scotland or Bank of Scotland Treasury Services plc );
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Security Beneficiaries means any Person who may benefit from the Secured Property other than the Secured Creditors and, in respect of a Series, shall mean those Persons specified in the relevant Supplemental Trust Deed;
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Security Beneficiaries in respect of the Originator VFN Series, for the purposes of the definition of the same in the Security Trust Deed and Cash Management Agreement, shall include the Receivables Trustee, the Servicer, the Cash Manager, the Loan Note Issuer Account Bank, the Receivables Trustee Account Bank and any Qualifying Swap Provider in respect of the Originator VFN Series.
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Related to Security Beneficiaries

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

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

  • 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;

  • 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;

  • 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.

  • Annuity Benefit means a benefit payable by us as described in Part VII.

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

  • 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.

  • Social Security Benefit means an amount received by a claimant as a monthly benefit in accordance with the Social Security Act, 42 U.S.C. Sec. 401 et seq.

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

  • Social Security Benefits means any social insurance, pension insurance benefits, medical insurance benefits, work-related injury insurance benefits, maternity insurance benefits, unemployment insurance benefits and public housing reserve fund benefits or similar benefits, in each case as required by any applicable Law or contractual arrangements.

  • Disability Benefit means the benefit set forth in Article 8.

  • Primary Social Security Benefit means, with respect to any member, the primary insurance amount

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

  • Maturity Benefit means the amount of benefit which is payable on maturity i.e. at the end of the Policy term, as stated at the inception of the Policy contract and specified in the Policy Schedule

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

  • Alternate Payee means any spouse, former spouse, child, or other dependent of a Participant who is recognized by a qualified domestic relations order as having a right to receive all, or a portion of, the benefits payable under a Plan with respect to such Participant.

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

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Eligible beneficiary means a resident of this state who:

  • 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.

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

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

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

  • 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.

  • 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.