Benefited Party definition

Benefited Party has the meaning specified in Section 15.01.

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Benefited Party has the meaning set forth in Section 4.01(b).

Benefited Party shall have the meaning ascribed thereto in Section 5.1.

Examples of Benefited Party in a sentence

The amount of any such tax saving for any taxable period shall be the amount of the reduction of taxes payable to the taxing authority by the Benefited Party with respect to such tax period as compared to the taxes that would have been payable to taxing authority by the Benefited Party with respect to such tax period in the absence of tax benefit.
It is agreed by the parties that this covenant on the part of the Restricted Party may be enforced against the Restricted Party (a party engaged in the breach being the “Breaching Party”), by injunction, without requirement imposed by the Court for posting bond which the Restricted Party hereby specifically and knowingly waives, as well as by all other legal remedies available to the Benefited Party.
This Agreement may not be amended or modified in any respect other than by the written agreement of all of the parties hereto and, with respect to SECTION 3.1, the consent of each Benefited Party affected thereby.
This Agreement is not intended and shall not be construed to create any rights in or to be enforceable in any part by any other Person, except that each Benefited Party is a third party beneficiary of SECTION 3.1.
To the extent that the separate property or the time, toil, talent, or effort of a Party (“Contributing Party”) was or is used to pay one or more debts, liabilities, or obligations of the other Party (“Benefited Party”), or was or is used to improve, enhance, benefit, or otherwise increase the value of the Benefited Party’s separate property, the Contributing Party’s separate property or time, toil, talent, or effort is or will be deemed and construed for all purposes as a gift to the Benefited Party.

More Definitions of Benefited Party

Benefited Party shall have the meaning specified in Section 13.01(b).

Benefited Party has the meaning specified in Section 1501.

Benefited Party shall have the meaning set forth in Section 3.06(a).

Benefited Party has the meaning set forth in Section 4.1(b) of this Agreement.

Benefited Party has the meaning set forth in Section 3.04 of this Agreement.

Benefited Party means and includes any and all of the following: Seller; any officer, director, shareholder, partner or member of Seller; any direct or indirect holder of any equity interest in Seller; and any affiliate of Seller. “Prohibited Person” means and includes any person or entity with whom US persons or entities are prohibited or restricted from doing business pursuant to any of the following: the Executive Order and the Annex thereto; the regulations of the Office of Foreign Asset Control of the Department of the Treasury (including the Specially Designated Nationals and Blocked Persons List, as updated from time to time; and, any other statute, law, executive order, rule, regulation or other governmental action. “Executive Order” means Executive Order 13224 signed on September 24, 2001 and titled “Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism.” “Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001. “Anti-Money Laundering Act” means the International Money Laundering Abatement and Financial Anti-Terrorism Act of 2001.

Benefited Party has the meaning prescribed in Section 2.05(c).