BENEFICIARY: APPLICANT definition

BENEFICIARY: APPLICANT. ATTN: EXPIRY DATE: Dear Sir, We hereby issue in your favor this irrevocable Stand-by Letter of Credit which is available against your draft draw at sight or as accompanied by the following: Your signed statement that "(the applicant/address) has failed to comply with the terms of the Securities Loan Agreement dated October __, 1997." Reference in this Letter of Credit to that certain agreement between (the applicant) and (the Beneficiary) is for identification purposes only and is not incorporated herein by reference. Drafts drawn under this Letter of Credit must be drawn and presented together with the accompanying documentation at our _________________________ ATTN: ____________ not later than (expiry date). Drafts must be marked as drawn under this letter of credit (mentioning our reference number). We hereby engage with you that all drafts drawn and/or documents presented under and in compliances with the terms of the Letter of Credit will be duly honored upon presentation to us. This Letter of Credit is to be issued subject to the Uniform Customs and Practices for Documentary Credits (1983 Revision), International Chamber of Commerce, Publication No. 400, and where not inconsistent with said Uniform Customs and Practices, Article 3 of the New York Uniform Commercial Code. Yours truly, (BANK NAME) ----------------------------------- --------------------------------- Authorized Signature Authorized Signature EXHIBIT B [Form of Registration Rights Agreement] October __, 1997 BANCAMERICA ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ THIS REGISTRATION RIGHTS AGREEMENT (the "Agreement") is made and entered into as of October __, 1997 between CareMatrix Corporation, a Delaware corporation (the "Company"), and you in consideration of the Securities Loan Agreement of even date herewith. Reference is made to the Securities Loan Agreement of even date herewith (the "Securities Loan Agreement"), by and among BancAmerica ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ (the "Borrower"), American Securities Transfer & Trust, Inc., not in its individual capacity, but solely as Custodian under the Custodian Agreement dated as of the date hereof (the "Custodian Agreement") between each of the Shareholders (as defined herein) and the Custodian, and each of ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, not in their individual capacities but solely as Trustees under the ▇▇▇▇▇▇ CareMatrix Trust (the "Trust") and that certain group of officers of the Company and other individuals ...
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Related to BENEFICIARY: APPLICANT

  • 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.

  • Beneficiary Bank means the branch of the bank identified in a Payment Instruction where Customer maintains an account.

  • 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.

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

  • Beneficiary Designation Form means the form established from time to time by the Plan Administrator that the Executive completes, signs, and returns to the Plan Administrator to designate one or more Beneficiaries.