New Beneficiary definition

New Beneficiary means the person identified as the ‘New Beneficiary’ in Schedule 2 (Parties and Notice Details).
New Beneficiary means an individual to whom rights under the Contract have been transferred pursuant to Rule 1700-05-04-.05.
New Beneficiary means an individual who is a Family Member to whom contract rights have been transferred.

Examples of New Beneficiary in a sentence

  • Recent data show 76% of the adult population does not achieve the minimum CDC recommendations.

  • The Beneficiary’s right of claim before the Bank under the Bank Guarantee can be transferred in full or partially by the Beneficiary to a Third Party (hereinafter referred to as a New Beneficiary) only on the basis of the Bank’s prior written consent and the payment of the Commission Fee for transfer of the Bank Guarantee by the Customer, provided that the Agreement and/or the Guarantee Notice stipulate such a right.

  • If the New Beneficiary does not have an existing Account and if the Board has chosen to charge an application fee pursuant to Rule 1700-05-04-.03(6), then an application fee must also be paid to open the new Account for the New Beneficiary.

  • Name of New Beneficiary (first, middle initial, last) New Beneficiary Social Security Number or Taxpayer Identification Number (Required) Birth Date of New Beneficiary (mm/dd/yyyy) Citizenship (If other than U.S. citizen, please indicate country of citizenship.) Relationship of the new Beneficiary to existing Beneficiary Check here if new Beneficiary address is the same as Account Owner’s mailing address and go to the next section.

  • On not more than 30 days' written notice nor less than 15 days' written notice to the Mortgages Trustee, the Seller and Funding 1 may direct the Mortgages Trustee to add a New Beneficiary to the Mortgages Trust.

  • Subject to the conditions set forth in Paragraph (5) below, the Account Owner shall have the right at any time to transfer all or a portion of the funds in the Beneficiary’s Account to an Account for a different Beneficiary provided the New Beneficiary is a “Member of the Family” of the original Beneficiary, as such term is defined in Rule 1700- 05-04-.01(2).

  • Subject to the conditions set forth in Paragraph (5) below, the Account Owner shall have the right to change the Beneficiary of the Account at any time provided the New Beneficiary is a “Member of the Family” of the original Beneficiary, as such term is defined in Rule 1700-05-04-.01(2).

  • Assignment and Transfer of Beneficial Interest With effect from the Effective Time: the Existing Beneficiary assigns and transfers all of the Transferred Beneficial Interest to the New Beneficiary, and the New Beneficiary accepts such assignment and transfer; and the Trustee consents to the assignment and transfer of the Transferred Beneficial Interest to the New Beneficiary.

  • Any funds in the Account of a New Beneficiary may be used immediately, provided the funds have been on deposit in the original Beneficiary’s Account for the twenty- one (21) day period prescribed in Rule 1700-05-04-.06(1) below.(7) Limit on Reallocation of Funds Among Investment Options.

  • The Existing Beneficiary represents and warrants to the New Beneficiary, its successors and assigns that, immediately prior to the Effective Time, it is the sole beneficiary of the GATS Trust and, at the Effective Time, there is assigned and transferred to the New Beneficiary full legal and beneficial title to all of the Transferred Beneficial Interest free and clear of all Security Interests.


More Definitions of New Beneficiary

New Beneficiary means an individual to whom rights under the contract have been transferred pursuant to Rule 1700-05-01-.08.
New Beneficiary. “Security Trustee”, “Borrower”, “TCN Entity”, “Agent”, “Arranger”, “Lender”, “Security Provider”, “Telewest UK” and “Creditor” include, where the context admits, their respective successors, permitted assigns, in the case of the Lenders, their assignees and New Lenders, in the case of the Security Trustee such other person as may from time to time be appointed as Security Trustee for the New Beneficiaries pursuant to the terms of the Intercreditor Deed and, in the case of the Agent, such other person as may from time to time be appointed as Agent pursuant to clause 18.11 of the Loan Agreement.

Related to New Beneficiary

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Spouse means, an individual who,