Recipient definition
Examples of Recipient in a sentence
Notwithstanding any other provision of this Section 3.01(d), a Recipient shall not be required to deliver any form or other documentation pursuant to this Section 3.01(d) that would in such Recipient’s reasonable judgment subject such Recipient to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of the Recipient.
A certificate as to the amount of such payment or liability prepared in good faith and delivered by such Recipient (or by an Agent on behalf of such Recipient), accompanied by a written statement thereof setting forth in reasonable detail the basis and calculation of such amounts shall be conclusive absent manifest error.
In determining such amount, such Recipient may use any reasonable and customary averaging and attribution methods.
A notice of the Administrative Agent to any Payment Recipient under this clause (a) shall be conclusive, absent manifest error.
The obligations of Depositor and Recipient under this Section shall survive any termination of this Agreement and the resignation or removal of Agent.