Statement Beneficiary definition
Statement Beneficiary means the State, an Additional Obligor or Receiver appointed under clause 7.
Statement Beneficiary means the Crown or an Additional Obligor; Step-in Date means the date on which the Major Sub-contractor receives notice from the Crown of the exercise of any Step-in Right; Step-in Period has the meaning given to it in clause 8.1(b); Step-in Right means each right exercisable by the Crown and/or an Additional Obligor pursuant to clause 8.1(a); Step-out means the Crown ceasing to exercise its Step-in Rights; Step-out Date means the date on which Step-out occurs; Sub-contractor means a person engaged by the Major Sub-contractor to act as a sub- contractor for the purposes of the Project;
Examples of Statement Beneficiary in a sentence
The Major Sub-contractor warrants to each Statement Beneficiary that the Major Sub- contractor Statements submitted by it will be, subject to unintended error that the Major Sub- contractor agrees to rectify, true, complete and accurate statements of the amounts to which the Major Sub-contractor considers itself entitled.