Authorised Participant definition
Examples of Authorised Participant in a sentence
AP acknowledges that it has been notified by CSL of the provisions of the Facility Agreement pursuant to which AP may be designated as an Unacceptable Authorised Participant (and so cease to be an Authorised Participant for the purposes of the Facility Agreement).
Without prejudice to the rights of the Assignee under this Deed, neither the Assignee nor any person acting on its behalf shall be entitled to take any other steps against the Assignor to recover any sums payable by the Assignor under this Deed and no debt shall be owed by the Assignor to such person in respect of any such sum in excess of the amount recovered from such Authorised Participant.
The Assignee hereby agrees that, in relation to any claims of the Assignee under this Deed, it shall have recourse only to the Security and the Property to be Assigned with respect to each Applicable Authorised Participant Agreement (as defined in the Facility Agreement).