RIGHTS AS A BENEFICIARY Sample Clauses

RIGHTS AS A BENEFICIARY. If either Spouse has included the other as a beneficiary in an estate document, both Spouses shall: (check one) ☐ - Be Withdrawn and prohibited from receiving any type of inheritance from the Spouse’s estate in the event of Divorce. This statement shall survive whether or not it is written in any other document that a Spouse is to receive assets or property from an estate. ☐ - Remain Included in the other Spouse’s estate in the event of Divorce. If a Spouse excludes the other Spouse from their estate, it is their free will and decision granted to them under law. For the purposes of this Section, estate documents shall include, but are not limited to, a last will and testament, an inter vivos trust, or any form where a Spouse is to benefit and receive assets or property upon the other Spouse’s death.
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RIGHTS AS A BENEFICIARY. With respect to its own status as a Beneficiary the Security Agent shall have the same rights and powers under the Security Agent Security Documents as any other Beneficiary and may exercise the same as though it were not performing the duties and functions of the Security Agent.
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RIGHTS AS A BENEFICIARY. If either Spouse has included the other as a beneficiary in an estate document, both Spouses shall be Withdrawn and prohibited from receiving any type of inheritance from the Spouse’s estate in the event of Divorce. This statement shall survive whether or not it is written in any other document that a Spouse is to receive assets or property from an estate. For the purposes of this Section, estate documents shall include, but are not limited to, a last will and testament, an inter vivos trust, or any form where a Spouse is to benefit and receive assets or property upon the other Spouse’s death.
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Related to RIGHTS AS A BENEFICIARY

  • Rights as a Lender The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

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