Identified Transaction definition
Examples of Identified Transaction in a sentence
A Release Certificate may be delivered in advance of the consummation of any applicable Identified Transaction.
Notwithstanding the foregoing, nothing set forth in this Section 10.11 shall relieve or release any Loan Party from any liability resulting from a Default or Event of Default that results from an Identified Transaction or misrepresentation or omission in any Release Certificate.
Each relevant Agent agrees that, following its receipt of an applicable Release Certificate, it will take all Release Actions promptly upon the reasonable request of the Borrower and in any event not earlier than the date on which the applicable Identified Transaction described in the Release Certificate is consummated (such date, the “Release Date”).
Each relevant Agent, each Lender and each other Secured Party agrees that following its receipt of an applicable Release Certificate it will take all Release Actions promptly upon request of the Borrower and in any event not later than the date that is (i) the third Business Day following the date Release Certificate is delivered to the Administrative Agent and (ii) the date any applicable Identified Transaction described in the Release Certificate is consummated (such later date, the “Release Date”).
For purposes of this Section 6.3(c), "Identified Transaction Information" means information of the following types to the extent it is acquired or developed by ▇▇▇▇▇ Fargo Bank in connection with the conduct of its Credit Card Payment Processing Services business: whether the purchases and sales were consummated; the dates on which such purchases and sales, or related offers, occurred; and the dollar amount of the purchases and sales, or related offers.