Recipient definition

Recipient means (a) the Administrative Agent, (b) any Lender and (c) any Issuing Bank, as applicable.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Recipient means the Administrative Agent, any Lender, the L/C Issuer or any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder.

Recipient means, as applicable, (a) the Administrative Agent, (b) any Lender and (c) the Issuing Bank.

Examples of Recipient in a sentence

• Each Payment Recipient agrees that it shall not assert any right or claim to any Erroneous Payment, and hereby waives any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Erroneous Payments, including without limitation waiver of any defense based on “discharge for value” or any similar doctrine.

• A notice from the Agent to any Payment Recipient under this clause (a) shall be conclusive, absent manifest error.

• Nothing in this Agreement shall be construed as giving the Recipient the right to be retained as an employee.

• A notice of the Administrative Agent to any Payment Recipient under this clause (a) shall be conclusive, absent manifest error.

• Further, if Participant is subject to Tax-Related Items in more than one jurisdiction, Participant acknowledges that the Company and/or the Service Recipient (or former service recipient, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction.

More Definitions of Recipient

Recipient means any broker, dealer, bank or other person or entity which: (i) has rendered assistance (whether direct, administrative or both) in the distribution of Shares or has provided administrative support services with respect to Shares held by Customers (defined below) of the Recipient; (ii) shall furnish the Distributor (on behalf of the Fund) with such information as the Distributor shall reasonably request to answer such questions as may arise concerning the sale of Shares; and (iii) has been selected by the Distributor to receive payments under the Plan.

Recipient means the Administrative Agent or any Lender.

Recipient means a natural or legal person, public authority, agency or another body, to which the personal data are disclosed, whether a third party or not. However, public authorities which may receive personal data in the framework of a particular inquiry in accordance with Union or Member State law shall not be regarded as recipients; the processing of those data by those public authorities shall be in compliance with the applicable data protection rules according to the purposes of the processing;

Recipient means the Administrative Agent, any Lender or any L/C Issuer.

Recipient means any Agent and any Lender, as applicable.

Recipient means the Party which receives or obtains directly or indirectly Confidential Information.

Recipient means (a) the Agent and (b) any Lender, as applicable.