Beneficiary Consent definition
Examples of Beneficiary Consent in a sentence
The Holding Company shall not be required to reimburse the Custodian for the expense of mailing to Trust Beneficiaries any proxy or other materials received by the Custodian on behalf of Persons other than the Holding Company, including mailings with respect to any Beneficiary Consent Matter.
Nothing in this Agreement shall be interpreted as authorizing or requiring the Trustee or the Custodian to mail to the Trust Beneficiaries any proxy materials or annual reports of the Holding Company except for mailings by the Custodian in connection with a Beneficiary Consent Matter pursuant to Section 6.3 or tender or exchange offer or counteroffer pursuant to Section 5.7, mailings by the Custodian of an annual statement pursuant to Section 6.6, or as otherwise directed by the Holding Company.
In the case of all Beneficiary Consent Matters, the Custodian shall inform the Holding Company of the number of Trust Beneficiaries to whom solicitation materials must be mailed, shall request instructions from the Trust Beneficiaries in accordance with this Section 6.3 and shall tabulate responses and notify the Trustee in accordance with Section 6.3(e)(iii).
For a change to any Irrevocable Beneficiary, the written consent of the Irrevocable Beneficiary will be required via an Irrevocable Beneficiary Consent Form; the consent form will also be required in the case of a full surrender of the Policy or assignment.
For a change to any Irrevocable Beneficiary, the written consent of the Irrevocable Beneficiary will be required via an Irrevocable Beneficiary Consent Form; the consent form will also be required in the case of a full surrender of the Policy, assignment and conversion to a Paid Up Policy.
The written consent of any irrevocable Beneficiary will be required via an Irrevocable Beneficiary Consent Form.
In that event, “Relevant Consenting Beneficiaries” shall be those Consenting Beneficiaries certified by the Company as being those who will be materially affected for the purposes of such amendment, modification or waiver (and, in particular, for the purposes of determining whether or not such amendment, modification or waiver has been approved by a Majority Consenting Beneficiary Consent).