Senior Beneficiaries definition

Senior Beneficiaries means (a) the Holders of any Outstanding Senior Notes and (b) any Other Senior Beneficiary holding any Other Senior Obligation that is Outstanding.
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Senior Beneficiaries means (1) the Holders of any Outstanding Class A Notes, and (2) any Other Senior Beneficiary holding any Other Senior Obligation that is Outstanding.
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Senior Beneficiaries means the Facility Agent, the Lenders, the Existing Lenders (in respect of any ongoing right to receive interest payments under Clause 26.3 (Procedure for novations) of the New Facility Agreement) and the Security Agent (in respect of its rights under Clause 5.3 (Security Agent as joint and several creditor) and the equivalent provisions of any other Finance Documents);
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Examples of Senior Beneficiaries in a sentence

  • The Senior Beneficiaries are representatives of the participating governments.

  • The Senior Beneficiaries represent the collective interests of those who will ultimately benefit from the project.

  • The representatives of the Senior Beneficiaries will be:[Five representatives from among Ministry of Planning and Investment, Ministry of Finance, Ministry of Natural Resources and Environment, TO BE CONFIRMED AT FIRST NATIONAL GPAR PROGRAMME BOARD MEETING].

  • The following Senior Beneficiaries will be represented on the Board: PAC.

  • The Senior Beneficiaries will be representing the interests of those who will ultimately benefit from the project.

  • While employees may voluntarily choose to engage with the Town on its official social media accounts, the Town does not require any employee to follow or “like” official social media accounts.

  • Rights of Other Senior Beneficiaries All rights of any Other Senior Beneficiary under the Indenture to consent to or direct certain remedies, waivers, actions and amendments thereunder will cease for so long as such Other Senior Beneficiary is in default of any of its obligations or agreements under the Swap Agreement by reason of which such person is an Other Senior Beneficiary.

  • No one or more Holders of the Notes or any Other Senior Beneficiary shall have any right in any manner whatsoever to affect, disturb or prejudice the lien of the Indenture by his, her, it’s or their action or to enforce any right hereunder except in the manner described herein, and all proceedings at law or in equity shall be instituted, had and maintained in the manner herein described and for the benefit of the Holders of all Outstanding Notes and Other Senior Beneficiaries as their interests may appear.

  • This Agreement shall be binding upon Administrative Agent, Holly and any Purchaser and inure to the benefit of the Senior Beneficiaries and Holly and their respective successors and assigns.

  • In cases where consensus cannot be reached within the Project Board, the final decision shall rest with UNDP in its role as the Senior Supplier.• Senior Beneficiaries representing the interests of those who will ultimately benefit from the project, i.e. sector and communities vulnerable to the impacts of climate change.


More Definitions of Senior Beneficiaries

Senior Beneficiaries means (a) the Holders of any Outstanding Senior Notes and
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Senior Beneficiaries means each of the Security Trustee, the Senior Agent, the Global Co-ordinator, the Senior Arrangers, the Senior Lenders, the Fronting Banks and the Hedge Counterparties.
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Senior Beneficiaries means all Beneficiaries other than the Holdings Term Loan Lenders.
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Related to Senior Beneficiaries

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

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

  • 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.

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

  • 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:

  • Beneficiary(ies means the beneficiary(ies) designated by the Participant who are entitled to receive any distributions from the Plan payable upon the death of the Participant.

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

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

  • 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.

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

  • 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.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • 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.

  • Disability benefit recipient means a member who is receiving a disability benefit.

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

  • Spouse means, an individual who,

  • 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.

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

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

  • Representative payee means an individual, agency, or institution selected by a court or the Social Security Administration to receive and manage benefits on behalf of another person.

  • de facto spouse means a person of the opposite sex to the employee who lives with the employee as the husband or wife of the employee on a bona fide domestic basis, although not legally married to that person.

  • Dependent children also means natural children, stepchildren, adopted children, children of a domestic partner, children placed for adoption and foster children.

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

  • 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.).

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.