Specified Beneficiary definition

Specified Beneficiary means a person or entity nominated to receive a residuary benefit in accordance with the procedures set out in clause 4 and Schedule B.
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Specified Beneficiary means a spouse of a retired member who is designated as a specified beneficiary for the purposes of subsection 8506 (8) of the Income Tax Regulations (Canada); (“bénéficiaire déterminé”)
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Specified Beneficiary means an individual who meets the definition of a specified beneficiary for a particular year in relation to a money purchase provision of a registered pension plan as set out in the Income Tax Act.
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Examples of Specified Beneficiary in a sentence

  • In connection with the appointment of any such duplicate or supplemental agent, the Servicer shall provide such agent any or all of the information required to be provided by the Servicer, as Master Servicer under the Disposition Agent Agreement, upon the request of such agent or the Trustee, as a Specified Beneficiary under the Disposition Agent Agreement.

  • In connection with any such termination or appointment, the Servicer shall provide such agents any or all of the information which is required to be provided to the Disposition Agent by the Servicer, as Master Servicer under the Disposition Agent Agreement (or, if the Disposition Agent Agreement has been terminated, that would have been required to be provided had it not been terminated), upon the request of such agents or the Trustee, as a Specified Beneficiary under the Disposition Agent Agreement.

  • The Borrower shall default in, or otherwise fail to perform, its obligation to redeem all or any portion of the Specified Preferred Shares held by any Specified Beneficiary in accordance with the terms and conditions of, and in the manner set forth in, the Specified Subscription Documents.


More Definitions of Specified Beneficiary

Specified Beneficiary means a designated beneficiary of a retired member who is a specified beneficiary under subsection 8506 (8) of the Income Tax Regulations (Canada); (“bénéficiaire déterminé”)
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Specified Beneficiary means an individual who meets the definition of a Specified Beneficiary for a particular year in relation to a money purchase provision of a registered pension plan as set out in the Income Tax Act. The Specified Beneficiary must be the Spouse of a Member who deceased prior to the beginning of the year and the Member or the Member’s legal representative must have provided the Plan administrator with a written designation of the Specified Beneficiary before the beginning of the year.
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Specified Beneficiary means Bendigo Health and/or any other fund, authority or institution which is named in a resolution made by the trustees pursuant to clause 4.2 hereof.
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Specified Beneficiary means a designated beneficiary of a retired member who is a specified beneficiary for the purposes of the Income Tax Act (Canada); (“bénéficiaire déterminé”)
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Specified Beneficiary. , of a trust at any time, means a person who at that time, either alone or together with persons with whom that person does not deal at arm’s length, has an interest as a beneficiary under the trust with a fair market value that is not less than 25% of the fair market value of all interests as a beneficiary under the trust and for the purpose of determining whether a particular person is a specified beneficiary of a trust,
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Related to Specified Beneficiary

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

  • 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.

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

  • 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.

  • primary beneficiary means the individual for whose primary benefit the trust is then held.