Original Beneficiary definition

Original Beneficiary means the person identified as the ‘Original Beneficiary’ in Schedule 2 (Parties and Notice Details).
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Original Beneficiary means any Beneficiary as defined in the Original Agreement.
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Original Beneficiary means any party that was a Beneficiary as of the Effective Date;
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Examples of Original Beneficiary in a sentence

  • Rule 9.4 Beneficiary Substitution After Contract Benefits Have Been Utilized by the Original Beneficiary.

  • Upon our receipt of any such transfer back to the Original Beneficiary by a Transferee, such Transferee shall cease to have the status of a Transferee under this Letter of Credit and the Original Beneficiary may again transfer this Letter of Credit as provided in this paragraph 5.

  • Except to the extent that the right of the Transferee to transfer this Letter of Credit is limited as set forth in paragraph 5 hereof, the Transferee shall be the Beneficiary hereunder unless and until this Letter of Credit is transferred back to the Original Beneficiary.

  • Such transfer shall be effective upon delivery to us at our Primary Office specified on the Cover Page of a transfer of this Letter of Credit in the form of Exhibit F-1 attached hereto, appropriately completed and manually executed by the Original Beneficiary.

  • Except if the meeting is conducted by conference call or videoconference or other means by which all of the directors can communicate with each other, any formal action can only be taken by unanimous written consent or confirmation provided by all directors.

  • Requesting the Customer to submit a written statement identifying the Original Beneficiary, such statement to contain at least identifying information of the Customers.

  • Original Beneficiary (Lender) Date of Deed of Trust Date of Recording and/orRe-Recording of Deed of Trust Recording Information County Rcpt.

  • BURNS Original Beneficiary: MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC.

  • Taking appropriate measures to verify the identity of the Original Beneficiary, such as reviewing data or information obtained from official documents to the extent that Subject Parties are convinced that they are cognizant of the Original Beneficiary's identity.

  • Drawing a risk management system that indicates whether the Customer or his representative or the Original Beneficiary fall within this category.

Related to Original Beneficiary

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

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

  • 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.

  • 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.

  • 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.

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

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

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

  • 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.

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • 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.

  • Special benefit means a particular and distinct benefit over and above general benefits conferred on real property located in the district or to the public at large. General enhancement of property value does not constitute “special benefit.”

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

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

  • 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.

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

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Spouse means, an individual who,

  • Qualified Beneficiaries has the meaning set forth in Section 4.12.

  • 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.

  • Termination Benefit means the benefit set forth in Article 7.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • UTI Beneficiary means NILT Trust, in its capacity as the initial beneficiary of the Titling Trust.

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Joint Annuitant means the individual specified as such in the Data Pages. The Joint Annuitant must be the spouse of the Annuitant on the Contract Date.