Irrevocable definition

Irrevocable means a letter of credit that cannot be modified or revoked without the consent of the beneficiary once the beneficiary is established.

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Irrevocable means if used in reference to a trust, a trust that is not revocable, including a formerly revocable trust that has become irrevocable, whether by the death of a settlor or otherwise.

Irrevocable means that the benefit may not be forfeited. However, a benefit plan can be considered by the Department provided that payments to the plan are made irrevocably by the employer, even though certain employees may forfeit their individual rights to the benefits under certain prescribed conditions. Thus, if payments are made by the employer, and no return of those payments is possible, the plan would be acceptable, even though individual employees might not receive the benefits under certain situations. Benefits forfeited by such employees remain in an escrow account for the use of the other employees.

Examples of Irrevocable in a sentence

• The Irrevocable Transfer Agent Instructions, in form and substance satisfactory to the Buyer, shall have been delivered to and acknowledged in writing by the Company’s Transfer Agent.

• In the event that the Borrower proposes to replace its transfer agent, the Borrower shall provide, prior to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered pursuant to the Purchase Agreement (including but not limited to the provision to irrevocably reserve shares of Common Stock in the Reserved Amount) signed by the successor transfer agent to Borrower and the Borrower.

• The Irrevocable Transfer Agent Instructions, in form and substance satisfactory to a majority-in-interest of the Buyer, shall have been delivered to and acknowledged in writing by the Company’s Transfer Agent.

• In the event that the Company proposes to replace its transfer agent, the Company shall provide, prior to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered pursuant to this Agreement (including but not limited to the provision to irrevocably reserve shares of Common Stock in the Reserved Amount as such term is defined in the Note) signed by the successor transfer agent to Company and the Company.

• In the event that the Company proposes to replace its transfer agent, the Company shall provide, prior to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered pursuant to this Agreement (including but not limited to the provision to irrevocably reserved shares of Common Stock in the Reserved Amount (as defined in the Note)) signed by the successor transfer agent to the Company and the Company.

More Definitions of Irrevocable

Irrevocable means that you cannot change this beneficiary without their written consent.

Irrevocable means the Payment is cannot be reversed in accordance with the New Zealand Bankers’ Association Same Day Cleared Payment SCP Business rules.

Irrevocable means if used in reference to a trust, a trust that is not revocable,

Irrevocable means the legal instrument cannot be changed or terminated in any way by anyone.

Irrevocable means “incapable of being recalled or revoked : past recall : UNALTERABLE,” Webster’s Third New International Dictionary 1196 (unabridged ed. 2002); and also “committed beyond recall,” Black’s Law

Irrevocable means the trust that has been declared as irrevocable because the Creator/s, Grantor/s and/or Exchangor/s do not retain any right/s to revoke, amend, or modify the trust or

Irrevocable means that You have given up Your right to change the Beneficiary named. If You die, the rights of Ownership will vest in the executors, administrators or assigns of the Owner.