Transferor Beneficiary definition

Transferor Beneficiary means the Transferor, in its capacity as transferor beneficiary of the Receivables Trust;
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Transferor Beneficiary means TPF in its capacity as transferor beneficiary of the Receivables Trust;
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Transferor Beneficiary means RBS or Natwest as relevant as the holder of the relevant Transferor Interest;
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Examples of Transferor Beneficiary in a sentence

  • Barclays Bank PLC as Transferor Beneficiary and Excess Interest Beneficiary hereby undertakes to each of the parties to this Supplement and to the Receivables Trustee for itself and as trustee for each other Beneficiary that it will not make any Disposal or create or grant any Encumbrance in respect of its beneficial entitlement in the Receivables Trust except in accordance with Clause 3.7 of the Trust and Cash Management Agreement and acknowledges that any attempt to do so shall be void.

  • Upon receiving such notice of resignation, each Transferor Beneficiary shall be vested jointly with the power to appoint a successor trustee and shall promptly appoint such successor trustee as detailed in Clause 7.5 by written instrument, in duplicate, one copy of which instrument shall be delivered to the resigning Receivables Trustee and one copy to the successor trustee.

  • The predecessor Receivables Trustee shall deliver to the successor trustee all documents and statements held by it hereunder, and each Transferor Beneficiary and the predecessor Receivables Trustee shall execute and deliver such instruments and do such other things as may reasonably be required for fully and certainly vesting and confirming in the successor trustee all Trust Property and such rights, powers, duties and obligations.

  • As a consequence of the foregoing it is acknowledged and confirmed that as between Barclays Bank PLC as a Transferor Beneficiary and the Receivables Trustee only net payments will be made to the relevant parties.

  • The provisions of Clause 12.1 shall apply mutatis mutandis as between the Receivables Trustee and each Additional Transferor in its capacity as Additional Transferor of the Receivables and as a Transferor Beneficiary.

  • Upon such notice of removal being given each Transferor Beneficiary shall be vested jointly with the power to appoint a successor trustee and shall promptly appoint such successor trustee as detailed in Clause 7.5 by written instrument, in duplicate, one copy of which instrument shall be delivered to the Receivables Trustee being removed and one copy to the successor trustee.

  • Nothing in this Clause 3.6 shall derogate from the obligation of each Transferor Beneficiary, the Beneficiaries, the Servicer or any Co-Servicer to observe any Requirement of Law prohibiting disclosure of information regarding the Obligors and the failure of the Servicer or any Co-Servicer to provide access as provided in this Clause 3.6 as a result of such obligations shall not constitute a breach of this Clause 3.6.

  • The predecessor Receivables Trustee shall deliver to the successor trustee all documents and statements held by it hereunder, and the Transferor Beneficiary and the predecessor Receivables Trustee shall execute and deliver such instruments and do such other things as may reasonably be required for fully and certainly vesting and confirming in the successor trustee all Trust Property and such rights, powers, duties and obligations.

  • The Receivables Trustee shall not be accountable for the use or application by the Transferor Beneficiary of any of its beneficial entitlement to Trust Property or of the proceeds of any transfer of its beneficial entitlement, or for the use or application of any funds paid to the Transferor in respect of the Receivables or deposited in or withdrawn from any Trust Account by the Servicer.

  • By its execution of an Accession Notice each Additional Transferor as an additional Transferor Beneficiary, inter alia, consents to Barclays Bank PLC acting as Servicer under this Agreement.


More Definitions of Transferor Beneficiary

Transferor Beneficiary means HSBC in its capacity as a beneficiary of the Receivables Trust pursuant to the Receivables Trust Deed and Servicing Agreement;
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Transferor Beneficiary means the Transferor, in its capacity as transferor beneficiary of the Receivables Trust.
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Transferor Beneficiary means the Initial Transferor Beneficiary and/or any further Transferor Beneficiary as the context may require;
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Related to Transferor Beneficiary

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

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

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

  • 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.

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

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

  • 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 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.

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

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

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

  • 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.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • 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 -

  • Transferor Certificate As defined in Section 5.02(b).

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

  • Transferor Company means a company that conveys an interest in shares.

  • Alternate Payee means a spouse, former spouse, child, or other dependent of a participant, who is designated to be paid retirement benefits in a qualified domestic relations order;

  • 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.

  • 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.

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

  • Transferor Interest has the meaning specified in the Transfer Agreement.

  • 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.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

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