Second Beneficiaries definition

Second Beneficiaries means the facility agent under our senior credit facility or any Designated Refinancing Agreement, any other authorized representatives of either any other series of Senior Liabilities or the Senior Liabilities as a whole, the Senior Finance Parties and our secured hedge counterparties;
Second Beneficiaries means the Facility Agent, the Senior Lenders and the Hedge Counterparties;

Examples of Second Beneficiaries in a sentence

  • At the Closing of the Second Block, the First and Second Beneficiaries shall pay the Price of the Second Block of Shares in the manner set forth in Article 1.3(b).

  • To the Settlors, Second Beneficiaries and Counterparties, through the Settlors´ Representative: Ave.

  • Simultaneously with the execution and delivery of this Agreement: (a) the First Beneficiary shall deliver to the Trustee certificates representing an aggregate of 400,000 shares of Common Stock representing the Purchased Shares held by the First Beneficiary, and (b) the Second Beneficiaries shall deliver to the Trustee certificates representing an aggregate of 474,686 shares of Common Stock representing the Option Shares held by the Second Beneficiaries.

  • Upon the delivery to the Trustee of the certificates and stock powers referred to in paragraph 1 hereof, the Trustee shall deliver to the First Beneficiary a certificate substantially in the form hereinafter set forth (a "Trustee's Certificate") for the number of Shares delivered to the Trustee by the First Beneficiary, and the Trustee shall deliver to the Second Beneficiaries a Trustee's certificate for the number of Shares delivered to the Trustee by the Second Beneficiaries.

  • The closing in respect of the Second Block of Shares (the "Closing of the Second Block") shall occur at a date determined by the First and Second Beneficiaries on or within 5 days from the date of occurrence of the Transfer of Control of the Company.

  • Pursuant to the terms of the Purchase Agreement, if, subsequent to the second anniversary of the date of this Agreement, the Second Beneficiaries sell or otherwise transfer any of the Option Shares (the "Transferred Shares"), the Trustee's voting power and authority shall cease with respect to such Transferred Shares, the Transferred Shares shall no longer be subject to the terms of this Agreement.


More Definitions of Second Beneficiaries

Second Beneficiaries means the Senior Beneficiaries, the Senior Hedging Banks and the High Yield Hedging Banks;
Second Beneficiaries means the Grantors in connection with the rights thereof set forth in Clause Third hereof.

Related to Second Beneficiaries

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

  • Beneficiaries means any Person to whom the Issuer is or hereafter becomes indebted or liable.

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Vested Benefits means amounts that are vested or that Executive is otherwise entitled to receive, without the performance by Executive of further services or the resolution of a contingency, under the terms of or in accordance with any investment and savings plan or retirement plan (including any plan providing retiree medical benefits) of the Company or its affiliates, and any ERPs or ESPs related thereto, and any deferred compensation or employee stock purchase plan or similar plan or program of the Company or its affiliates.

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

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

  • 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.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • land reform beneficiary , in relation to a property, means a person who -

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • Surviving beneficiary or "surviving descendant" means a beneficiary or a descendant who did not predecease the decedent and is not considered to have predeceased the decedent under section 2702.

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Extended benefits means benefits, including benefits payable to federal civilian employees and to ex-servicemen under 5 U.S.C. Chapter 85, payable to an individual under the provisions of this section for weeks of unemployment in his eligibility period.

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • Personal representative means the person or persons who, upon the disability or incompetence of a Participant, shall have acquired on behalf of the Participant, by legal proceeding or otherwise, the power to exercise the rights or receive benefits under this Plan and who shall have become the legal representative of the Participant.

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • Beneficiary(ies means the beneficiary(ies) designated by the Participant who are entitled to receive any distributions from the Plan payable upon the death of the Participant.

  • Third Party Beneficiaries has the meaning ascribed thereto in Section 8.8(1).

  • Change in Control Benefits means the following benefits:

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • housing benefit means housing benefit under Part 7 of the SSCBA;

  • legal personal representative means the personal or other legal representative of the shareholder;

  • Spouse means, an individual who,

  • Separation Benefits has the meaning accorded such term in Section 3.04.