Security Beneficiary definition

Security Beneficiary means the Agent (for its own account or for the account of another Security Beneficiary), the Secured Party (for its own account or for the account of another Security Beneficiary), each Financier, each Hedge Provider, the Technical Bank, the Working Capital Facility Provider, and each other person the Secured Party and the Borrower agree in writing from time to time is a Security Beneficiary (for its own account or for the account of another Security Beneficiary).
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Security Beneficiary means the Lender and any assignee, novatee or transferee of any of the rights and obligations of the Lender under the Facilities Letters.
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Examples of Security Beneficiary in a sentence

  • If you have opened an account for a Protected Person, an Estate, or a Social Security Beneficiary, you, as Fiduciary, understand and agree that the Credit Union may distribute funds pursuant to the terms of the most recently dated Letters of Authority or other documentation on file at the Credit Union, and you, on behalf of the Protected Person, forever indemnify and hold the Credit Union harmless for distributions made in good faith reliance on those Letters of Authority or other documentation.

  • Eligibility-Currently enrolled in SW 440-Pre-practicum, or SW 480-Generalist Social Work Practicum at the time of application.Performing successfully in all current courses and meeting the requirements for practicum enrollment or completion.Have not yet received the award.

  • Nothing in this deed creates a Security Interest over any asset of a Security Beneficiary, any Obligor, Holdco I, Holdco 1a or any other party.

  • Power means any right, power, authority, discretion or remedy conferred on a Security Beneficiary by any of the Finance Documents to which it is a party or of which it has the benefit or by any applicable law.

  • A person may become a party to this deed as a Security Beneficiary other than pursuant to an assignment, transfer, novation or disposal under and in accordance with clause 8 (Changes to Security Beneficiaries and Security Providers) and (if applicable) clause 1.5 (Dealings with Representatives) of the Security Trust Deed.

  • Where any Power of a Security Beneficiary under any Finance Document is inconsistent with the powers conferred by applicable law then, to the extent not prohibited by that law, the powers conferred by applicable law are regarded as negatived or varied to the extent of the inconsistency.

  • The Powers of a Security Beneficiary to enforce subordination under this clause 4 (Subordination – Shareholder Debt) and the other provisions of this deed are not affected or prejudiced by any act or omission on the part of an Obligor, Holdco 1a or Holdco I.

  • Data on the total Social Security beneficiary and retired-worker populations used in calculations are available from the “Social Security Beneficiary Data” page on SSA’s website at https://www.ssa.gov/oact/ProgData/ beniesQuery.html.

  • A breach of, or default under, this deed by a Security Beneficiary does not affect any obligation of any Obligor or any other Security Beneficiary to that Security Beneficiary.

  • A Security Beneficiary may (and may only) assign, novate or transfer any of its rights and obligations under this deed or the Finance Documents to a successor under and in accordance with clause 8 (Changes to Security Beneficiaries and Security Providers) of the Security Trust Deed.

Related to Security Beneficiary

  • 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.

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

  • 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.

  • 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.

  • Successor of a beneficiary means a person who succeeds to substantially all of the rights of a beneficiary by operation of law, including a corporation with or into which the beneficiary has been merged or consolidated, an administrator, executor, personal representative, trustee in bankruptcy, debtor in possession, liquidator, and receiver.

  • Third Party Beneficiary means each of the non-NHS bodies set out in the list attached at Schedule 1, as supplied from time to time by the Authority to the Contractor;

  • Annuity Benefit means a benefit payable by us as described in Part VII.

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.

  • Maturity Benefit means the amount of benefit which is payable on maturity i.e. at the end of the Policy term, as stated at the inception of the Policy contract and specified in the Policy Schedule

  • 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.

  • Beneficiary form means a registration of a security which indicates the present owner of the security and the intention of the owner regarding the person who will become the owner of the security upon the death of the owner.

  • Disability Benefit means the benefit set forth in Article 8.

  • Social Security Benefit means the Primary Insurance Amount to which a Participant becomes entitled at age sixty-five (65) under Social Security legislation in effect on the earliest of his Normal Retirement Date, early retirement date or Termination Date.

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

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

  • Financial Beneficiary means any Principal of the Developer or Applicant entity who receives or will receive any direct or indirect financial benefit from a Development, except as further described in Rule 67-21.0025, F.A.C.

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

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

  • Primary Social Security Benefit means, with respect to any member, the primary insurance amount

  • 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.

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

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

  • Beneficiary Designation Form means the form established from time to time by the Plan Administrator that the Executive completes, signs, and returns to the Plan Administrator to designate one or more Beneficiaries.

  • Social Security Benefits means any social insurance, pension insurance benefits, medical insurance benefits, work-related injury insurance benefits, maternity insurance benefits, unemployment insurance benefits and public housing reserve fund benefits or similar benefits, in each case as required by any applicable Law or contractual arrangements.

  • Eligible beneficiary means a resident of this state who: