Living Holder definition

Living Holder. A Certificate Owner of a Special Retail Certificate other than a Deceased Holder.
Living Holder. A Beneficial Holder of a Class A-9 Certificate who is not a Deceased Holder.
Living Holder. Not applicable.

Examples of Living Holder in a sentence

  • Thereafter, distributions in respect of such Class submitted on behalf of each Deceased Holder will be made as provided in clause (i) above up to a second $100,000 per request and distributions in respect of such Class submitted on behalf of each Living Holder will be made as provided in clause (ii) above up to a second $10,000 per request.

  • Thereafter, distributions in respect of such Certificates submitted on behalf of each Deceased Holder will be made as provided in clause (i) above up to a second $100,000 per request and distributions in respect of such Certificates submitted on behalf of each Living Holder will be made as provided in clause (ii) above up to a second $10,000 per request.

  • A Principal Distribution Request submitted on behalf of a Living Holder who later dies will become entitled to the priority of a newly submitted request on behalf of a Deceased Holder upon satisfaction of the requirements set forth above for requests of a Deceased Holder.

  • Thereafter, distributions in respect of such Lottery Certificates submitted on behalf of each Deceased Holder will be made as provided in clause (i) above up to a second $100,000 per request and distributions in respect of such Class submitted on behalf of each Living Holder will be made as provided in clause (ii) above up to a second $10,000 per request.

  • Thereafter, distributions in respect of the Retail Certificates submitted on behalf of each Deceased Holder will be made as provided in clause (i) above up to a second $100,000 per request and distributions in respect of the Retail Certificates submitted on behalf of each Living Holder will be made as provided in clause (ii) above up to a second $10,000 per request.


More Definitions of Living Holder

Living Holder. Any Holder of a Redemption Certificate other than a Deceased Holder.
Living Holder. Beneficial Owner of the Class A-3 Certificates other than a Deceased Holder.
Living Holder. A Beneficial holder of a Retail Lottery Certificate who is not a Deceased Holder.
Living Holder. A Beneficial Holder of a Class A-2 and Class A-5 Certificate who is not a Deceased Holder.
Living Holder. Beneficial Holder of a Class II-A-4 Certificate other than a Deceased Holder.
Living Holder. Beneficial Owner of a Class A-5 Certificate other than a Deceased Holder.
Living Holder. An Owner of an Insured Certificate other than a Deceased Holder.