Outright Cession definition

Outright Cession means a total transfer of ownership of the Contract. The person or institution to whom the Contract is ceded becomes the new Contract Holder. “Outright Cessionary” means the person or institution who becomes the new owner of the Contract once ceded by the Cedant in terms of an Outright Cession. “Personal Share Portfolio”/“PSP” means a selection of listed securities and/or instruments which may include shares, property, bonds and money market instruments
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Outright Cession means a total transfer of ownership of the Contract. In this case, the person or institution to whom the Contract is ceded becomes the new Contract Holder.
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Outright Cession means a transfer of ownership. This means that the person or institution to whom the contract is ceded becomes the new Contract Bolder.
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Examples of Outright Cession in a sentence

  • This Contract can also be ceded as an Outright Cession by sending the Administrator a copy of the cession agreement.

  • You are entitled to cede this Contract as a Security Cession or as an Outright Cession to a natural person or legal entity.4. The Administrator will require a copy of the Security Cession.

  • I/We hereby agree that the policy conditions, as provided on acceptance by Hollard Life of this Outright Cession request, as well as this form and any supporting documents required to effect this cession, form the basis of my/our contract with Hollard Life, together with any annexures, written amendments and endorsements.

  • I/We hereby agree that the Policy Conditions and Policyholder Schedule, as provided on acceptance by Hollard Life of this Outright Cession request, form the basis of my/our contract with Hollard Life, together with any annexures, written amendments and endorsements.

  • This Contract may be ceded as a Security Cession or Outright Cession to a natural person or legal entity.

  • Although both are variables of choice for the landowner, the assumption is supported by the fact that the life span of the sample trees is much longer than the typical contract duration.

  • A note of all data required from the Sponsor, which is required prior to the work commencing, is given in the following section.

  • Once the aggregate MLR target is determined based on actual enrollment experience, the risk corridor recoupments/payouts will be calculated based on an adjustment to revenue, consistent with the method used for the HHA risk corridor.

  • The Investor may cede this Contract as a Security Cession or an Outright Cession to a natural person or legal entity.FNB Investor Services Proprietary Limited.

  • Cede the policy You may cede the policy: • To a new Policyholder (Outright Cession) • As security (Security Cession) A cession will only be acknowledged if the Administrator has received the required documentation at its head office and the Administrator has noted the cession.


More Definitions of Outright Cession

Outright Cession means a total transfer of ownership of the Contract. The person or institution to whom the Contract is ceded becomes the new Contract Holder. “Outright Cessionary” means the person or institution who becomes the new owner of the Contract once ceded by the Cedant in terms of an Outright Cession. “Phase-In” means to introduce something gradually, to introduce something in stages over a period of time.
Sample 1
Outright Cession means a transfer of ownership. This means that the person or institution to whom the contract is ceded becomes the new Contract Holder.
Sample 1

Related to Outright Cession

  • Right Certificates means certificates evidencing the Rights, in substantially the form attached as Exhibit B.

  • Right Certificate shall have the meaning set forth in Section 3(a) hereof.

  • Purchase Rights shall have the meaning set forth in Section 5(c).

  • Rights Certificates shall have the meaning set forth in Section 3(a) hereof.

  • Stock Purchase Rights means any warrants, options or other rights to subscribe for, purchase or otherwise acquire any shares of Common Stock or any Convertible Securities.

  • Rights Certificate shall have the meaning set forth in Section 3(a) hereof.

  • Restricted Stock means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Restricted Stock Unit means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant to Section 8. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.

  • Restricted Stock Bonus means Stock granted to a Participant pursuant to Section 8.

  • Stock Rights means any securities, dividends or other distributions and any other right or property which any Grantor shall receive or shall become entitled to receive for any reason whatsoever with respect to, in substitution for or in exchange for any securities or other ownership interests in a corporation, partnership, joint venture or limited liability company constituting Collateral and any securities, any right to receive securities and any right to receive earnings, in which any Grantor now has or hereafter acquires any right, issued by an issuer of such securities.

  • In-the-Money Options means the excess of the market value of the Company’s shares on December 31, 2021 over the exercise price of the options.

  • Warrant Certificate means a certificate, substantially in the form set forth in Schedule “A” hereto, to evidence those Warrants that will be evidenced by a certificate;

  • Option Contract means a standardised contract the effect of which is that a person acquires the option—

  • Registered Holder means the Person in whose name a Note is registered on the Note Register on the applicable Record Date.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Unrestricted Stock means an Award pursuant to Section 11 hereof.

  • Contracts means all contracts, agreements, binding arrangements, bonds, notes, indentures, mortgages, debt instruments, purchase order, licenses (and all other contracts, agreements or binding arrangements concerning Intellectual Property), franchises, leases and other instruments or obligations of any kind, written or oral (including any amendments and other modifications thereto).

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Stock Appreciation Right Agreement means a written agreement between the Company and a holder of a Stock Appreciation Right evidencing the terms and conditions of a Stock Appreciation Right grant. Each Stock Appreciation Right Agreement will be subject to the terms and conditions of the Plan.

  • In-the-Money Option means a Company Option that has an exercise price per Company Share that is less than the Consideration per Company Share.

  • Phantom means a volume of material behaving in a manner similar to tissue with respect to the attenuation and scattering of radiation. This requires that both the atomic number (Z) and the density of the material be similar to that of tissue.

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

  • Option Holder means a Person or Entity who holds an unexercised and unexpired Option or, where applicable, the Personal Representative of such person.

  • Stock Bonus means an award of Shares, or cash in lieu of Shares, pursuant to Section 7.