Beneficiary Group definition

Beneficiary Group means each Current Adult Beneficiary and his/her lineal descendants and current spouse, if relevant.

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Beneficiary Group as used herein, shall mean (1) Beneficiary (including, without limitation, any participant in the Loan), (2) any entity controlling, controlled by or under common control with Beneficiary, (3) the directors, officers, employees and agents of Beneficiary and such other entities, and (4) the successors, heirs and assigns of the entities and persons described in foregoing clauses (1) through (3). Trustor shall pay immediately upon Trustee's or Beneficiary's demand any amounts owing under this indemnity together with interest from the date the indebtedness arises until paid at the rate of interest applicable to the principal balance of the Note as specified therein. ▇▇▇▇▇▇▇ agrees to use legal counsel reasonably acceptable to Trustee and the Beneficiary Group in any action or proceeding arising under this indemnity. THE PROVISIONS OF THIS SECTION SHALL SURVIVE THE TERMINATION AND RECONVEYANCE OF THIS DEED OF TRUST, BUT TRUSTOR'S LIABILITY UNDER THIS INDEMNITY SHALL BE SUBJECT TO THE PROVISIONS OF THE SECTION IN THE NOTE ENTITLED "BORROWER'S LIABILITY."

Beneficiary Group as used herein, shall mean (1) Beneficiary (including, without limitation, any participant in the Loan and any of their respective successors or assigns, whether by sale, a secondary market transaction, or otherwise), (2) any entity controlling, controlled by or under common control with Beneficiary, (3) the directors, officers, employees and agents of Beneficiary and such other entities, and (4) the successors, heirs and assigns of the entities and persons described in foregoing clauses (1) through (3). Trustor shall pay immediately upon Beneficiary’s demand any amounts owing under this indemnity together with interest from the date the indebtedness arises until paid at the rate of interest applicable to the principal balance of the Note as specified therein. Trustor agrees to use legal counsel reasonably acceptable to the Beneficiary Group in any action or proceeding arising under this indemnity. THE PROVISIONS OF THIS SECTION SHALL SURVIVE THE SATISFACTION AND RELEASE OF THIS DEED OF TRUST, BUT TRUSTOR’S LIABILITY UNDER THIS INDEMNITY SHALL BE SUBJECT TO THE PROVISIONS OF THE SECTION IN THE NOTE ENTITLED “BORROWER’S LIABILITY.”

Examples of Beneficiary Group in a sentence

Trustor agrees to use legal counsel reasonably acceptable to Trustee and the Beneficiary Group in any action or proceeding arising under this indemnity.
This indemnity shall include, without limitation: (aa) all actual damages (including, without limitation, any third party tort claims or governmental claims, fines or penalties against the Beneficiary Group); (bb) all court costs and reasonable attorneys’ fees DEED OF TRUST (NORTH CAROLINA) ▇▇▇▇▇ Fargo/▇▇▇▇ Properties/Cracker Barrel Loan ▇▇.
The Trustees and the Initial Beneficiary shall in all transactions with third parties hold the Trust out as a separate entity from the Initial Beneficiary and any Affiliate of the Initial Beneficiary (the "Initial Beneficiary Group") and the Initial Beneficiary Group shall do all things necessary to make the Trust continue to be readily distinguishable from the Initial Beneficiary and other members of the Initial Beneficiary Group.
If the maximum amounts of 25%, 50% or 100% of Sales Charges refunds are reached, any excess amounts will be used to enhance EAPs in that Beneficiary Group.
The Beneficiary Group shall also draw up a preliminary farm plan which shall describe inter alia: (i) the nature of the proposed agricultural production; (ii) a basic land use and environmental plan; (iii) the form of legal entity under which the Beneficiary Group proposes to acquire the farm; and (iv) the property regime under which the Beneficiary Group proposes to hold the land.

More Definitions of Beneficiary Group

Beneficiary Group means a group of individuals who meet the eligibility criteria set forth in the PIM (as hereinafter defined) and organize themselves into a legally recognized entity for purposes of the purchase of Eligible Land (as hereinafter defined) under Part A of the Project;

Beneficiary Group means each of the individuals listed on Annex A attached hereto and members of his/her Immediate Family and trusts for the benefit of such individual and/or members of his/her Immediate Family.

Beneficiary Group has the meaning given in paragraph 1 of Schedule 17;

Beneficiary Group means in respect of actions by:

Beneficiary Group means a group of Beneficiaries with the same year of eligibility. They are typically born in the same year.

Beneficiary Group means an informal village or community group benefiting directly from the activities financed under the Project, as defined in the VWDP (as hereinafter defined);