Initial Beneficiary definition

Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

Initial Beneficiary means VCI, as initial beneficiary under the Origination Trust Agreement and its permitted successors and assigns.

Initial Beneficiary has the meaning given to such term in the Trust Agreement.

Examples of Initial Beneficiary in a sentence

• Provided, however, that if assignment of the Beneficial Interests of the Second Trust is made (A) by the Initial Beneficiary of the Second Trust to its assignee (including the Underwriter) or (B) by the Underwriter to its assignee immediately after the assignment initially made by the Initial Beneficiary of the Second Trust to the Underwriter, the period of time required to give notice and submit documents to the Trustee of the Second Trust as set forth in (i) and (ii) above shall not apply.

• Lender of the Asset Backed Loan to the First Trust, Trustor of the Second Trust and the Initial Beneficiary of the Second Trust.

• Usage of proceedsMHSC, as Initial Beneficiary of the Second Trust, will receive the redemption of the Beneficial Interests of the Second Trust from the Asset Backed Loans to the Second Trust and from the sales proceeds of the TBI.

• The person appointed as the Trustee may be disqualified from acting as such in certain circumstances including if the Initial Beneficiary in its discretion, so determines.

• The Initial Beneficiary is a discretionary capital and income beneficiary.

More Definitions of Initial Beneficiary

Initial Beneficiary means GE Capital Title Holding Corp., a Delaware Corporation.

Initial Beneficiary means GECTHC, in its capacity as the initial beneficiary of the Titling Trust.

Initial Beneficiary has the meaning set forth in the Recitals.

Initial Beneficiary means each of the Stockholders.

Initial Beneficiary shall have the meaning set forth in the Preamble.

Initial Beneficiary shall have the meaning specified in the North Carolina Trust Agreement.

Initial Beneficiary. As defined in the Titling Trust Agreement.