Ultimate Beneficiary definition

Ultimate Beneficiary means the ultimate beneficiary of the Volume Cap as provided in the Code and Notice.

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Ultimate Beneficiary means a beneficiary of a Partnering organization (i.e. a child).

Ultimate Beneficiary means the person or company to receive the funds.

Examples of Ultimate Beneficiary in a sentence

• The Customer shall also be obliged to reimburse Commission Fees, Penalties and/or charges that are not paid by the Beneficiary (Ultimate Beneficiary) to the Bank within the prescribed term.

• Ultimate Beneficiary - a Person in favor of which the bank guarantee will be issued by the Beneficiary on the basis of the Bank Guarantee issued by the Bank in favor of the Beneficiary and in accordance with its terms and conditions.

• The Customer shall, upon request by the Bank, be obliged to reimburse to the Bank all Commission Fees, Penalties and/or charges that may be imposed on the Bank, including due to the failure to fulfill its obligations by the Beneficiary (Ultimate Beneficiary).

• The Customer shall, upon request by the Bank, be obliged to reimburse to the Bank all Commission Fees, Penalties and/or charges that may be imposed on the Bank, including due to the failure to fulfill its obligations by the Customer’s Beneficiary (Ultimate Beneficiary).

• Ultimate Beneficiary – a Person in favour of which a bank guarantee is issued by the Beneficiary on the basis of the Bank Guarantee issued by the Bank in favour of the Beneficiary and in accordance with conditions thereof.

• Where the Client is not the Ultimate Beneficiary, the provisions of paragraphs 4.26 to 4.30 shall apply.

• If, in respect of any transaction effected or to be effected by the Broker for the Client pursuant to this Agreement, the Client is acting as investment manager of any investment scheme, discretionary account or discretionary trust (or for any other person), the Client undertakes to (a) inform the Broker of such arrangement and (b) provide the Broker with identity information in respect of the Ultimate Beneficiary or such other person whose instructions have overridden the Client's discretion.

• Wire transfer payments will be made pursuant to the following information: Beneficiary Bank ABA # [*] Swift # [*] Name: ▇▇ ▇▇▇▇▇▇ Chase Bank Address: ▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Ultimate Beneficiary: Bank Acct.

• Beneficiary IBAN IBAN of Ultimate Beneficiary (opt) Payment Reference (Remittance Info) Use Standard Wire Reference Format*: [Borrower Name] [Facility Name/Abbr.] [Facility/Deal CUSIP/ISIN] [Payment Purpose(s)] [Transaction Reference ID] Special Instructions Template above can be used for wire instructions where receiving bank is custodian/trustee, and lender has dedicated account.

• Ultimate Beneficiary O wner (UBO) An individual being owner of legal entity property or who owns at least 20 percent of shares (shares in a u t h o r i z e d capital, shares of stock) of a legal entity directly or indirectly (via third parties), and in the end has the right or possibility to give compulsory orders to the legal entity, influence decisions made by it or otherwise control its activities.

More Definitions of Ultimate Beneficiary

Ultimate Beneficiary means a person who is the end beneficial owner of business operation, activity or transaction including person with controlling power over an entity.

Ultimate Beneficiary means any Person or group of Persons that, directly or indirectly, by themselves or through a third party, by virtue of a contract, agreement, or other, has or may have a decision-making ability regarding a share or company; i.e., the power to vote in the election of directors or representatives, or to direct, guide, and control said vote and/or the power to transfer and/or order the transfer or encumbrance of the share. Spouses or de-facto partners and relatives within the second degree of consanguinity, second degree of affinity, and single civil, make up the same Ultimate Beneficiary, unless evidenced that they act as independent economic interests. Parent companies and their subordinates also constitute a same Ultimate Beneficiary. A Person or group of Persons is deemed the Ultimate Beneficiary of a share if they have the right to acquire the property thereof through the exercise of a right arising from a guarantee, a repurchase agreement, a trust business, or any other agreement with similar legal effects, unless it does not grant Political Rights.