Examples of Relevant Recipient in a sentence
Upon payment by the Platform Providers to the relevant Supplier of the Net Amount specified in the Electronic Data File (i) an SCF Transfer will occur in respect of such Approved Platform Receivable and (ii) such payment will immediately give rise to new independent and primary obligations of each Obligor, jointly and severally, to make cause payment to be made to the Relevant Recipient on the Confirmed Payment Date in respect of such Approved Platform Receivable.
The Collateral Administrator shall be entitled to conclusively rely upon any Certification provided to it (which may be provided electronically) and the Collateral Administrator shall be entitled to assume that each such person certifying as such is a Relevant Recipient to whom the documentation and Transparency Reports should be made available on the Reporting Website and shall not be liable to anyone whatsoever for so relying, assuming or doing.
Upon payment by the Platform Provider to the relevant Supplier of the Net Amount specified in the Electronic Data File (i) an SCF Transfer will occur in respect of such Approved Platform Receivable and (ii) such payment will immediately give rise to new independent and primary obligations of each Obligor, jointly and severally, to make or cause payment to be made to the Relevant Recipient on the Confirmed Payment Date in respect of such Approved Platform Receivable.
Other than with respect to its obligation to obtain a Certification pursuant to Section 2B(c) hereof, the Collateral Administrator shall not assume or have any responsibility or liability for monitoring or ascertaining whether any person to whom it makes any documentation available on the Reporting Website is a Relevant Recipient.
If the Relevant Recipient receives a rebate, refund, credit, set off or other tax benefit in respect of which it is required by this Clause 14.9 to make a payment, the Relevant Recipient shall not be obliged to make that payment until such date upon which the Relevant Recipient's liability to make an actual payment of Tax is reduced by reason of the rebate, refund, credit, set off or other tax benefit.