Example of intended beneficiary
WebAn intended beneficiary is an identified third-party that contracting parties intending to give them benefits via their promised performances, like doing or not doing something or paying money. The beneficiary may be named in a contract to have contractual rights, but it is not necessary for them to be identifiable at the time the contract is ... WebSection12.7 No Third Party Beneficiary.Except for the provisions of Section6.2(c), Section6.5, Section6.6, Section6.14(c), and Article X, which are intended to be for the benefit of the Persons identified therein, the terms and provisions of this Agreement are intended solely for the benefit of the Parties and their respective successors or …
Example of intended beneficiary
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Web9. Third Party Beneficiary.Subject to the previous sentence of this Teilabschnitt 9, no persona or entity misc about Parent shall caption to rely upon this Letter, and this Letter is binding upon and inures solely to the benefit of each party hereby, and nothing herein (including, without limitation, the Combination Consent or aforementioned Guaranty), … WebNov 10, 2024 · When a beneficiary or recipient (or their representative payee or appointed representative) files a reconsideration or hearing appeal request within the 60-day appeal period but we receive the SBC election after the 15-day period, the FO can approve a late request for payment continuation when it finds there was good cause for submitting the ...
WebDec 5, 2024 · For example, if Bob has a policy stating that his wife, Sally, will receive $1 million on Bob’s death, then Sally is an intended beneficiary. This sounds simple. But, … WebAug 30, 2024 · A third-party beneficiary is an individual who receives benefits from a contract between a promisor and a promisee. Learn the definition of third-party beneficiary, the six elements which must be ...
WebAn intended beneficiary is an identified third-party that contracting parties intend to give benefits via their promised performances, like doing or not doing something or paying … WebA third-party beneficiary, in the law of contracts, is a person who has the right to sue on a contract, despite not having originally been a party to the contract and/or a signer of the …
WebAn intended beneficiary refers to a third party who is designated to benefit from a contract between two other parties.This means that the two contracting parties intended to …
WebIntended beneficiary is also known as direct beneficiary. An intended beneficiary is justified in relying on a promise. It is immaterial whether s/he learns of the promise from … cheapest way to live in texasWebMay 4, 2024 · May 4, 2024 by: Content Team. A third party beneficiary is a person who benefits from a contract that is made between two other people. For example, a third … cheapest way to live streamWebThe Seller, the Depositor and the Owner Trustee are third- party beneficiaries to this Agreement and are entitled to the rights and benefits hereunder and may enforce the provisions hereof as if each were a party hereto. Sample 1 Sample 2 Sample 3 See All ( 145) Third Party Beneficiary. The Indenture Trustee is an express third party ... cvs olive merced caWebThird-Party Beneficiary. 2. Vesting of Rights. A third party beneficiary contract example involves an individual or legal entity that benefits from the execution of a contract. The third party, however, has no actual involvement in the contract itself. They simply stand to benefit in some way once the contract has been fulfilled. cheapest way to live off gridWebNov 18, 2024 · An intended beneficiary example is a person or legal entity that is explicitly named in a legal document, such as a contract, trust, or will, as the intended recipient of the benefits associated with execution of the agreement. cheapest way to live off grid ukWebExamples of intended beneficiary in a sentence, how to use it. 20 examples: When the land has particular value to the intended beneficiary or when transaction costs make… cheapest way to londonWebOct 28, 2024 · Intended Beneficiary Example: Jane took out a life insurance policy and named her son, Tim, as the beneficiary. If Jane dies, the death benefit will be paid to Tim. cheapest way to london by train