Recovered Payment definition

Recovered Payment means any Prior Payment or any other payment of a Claim (including, without limitation, any payment pursuant to the provisions of this Agreement) that, in any case, has been avoided, rescinded, invalidated or recovered pursuant to a Binding Determination, except to the extent that such Binding Determination gave rise to a Debtor Paid Claim Disallowed Amount or Debtor Paid Claim Unsecured Amount with respect to the same underlying Claim (or portion thereof). A “Debtor Recovered Payment” is a Recovered Payment payable or repayable by JPMC to a Debtor; an “Other Recovered Payment” is a Recovered Payment paid, repaid or otherwise disgorged (or required to be paid,
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Recovered Payment means any payment that Lessor: (a) received from any Guarantor or Lessee on account of a Guarantied Obligation or as a condition to a Termination Date; but (b) must return or “disgorge” for any reason, for example because a court decided it constituted a preference or fraudulent transfer. The Recovered Payment shall include: (y) Lessor’s reasonably projected interest and other charges on the Recovered Payment until the date of reimbursement by Guarantor and (z) Lessor’s Legal Costs in determining the existence and amount of that Recovered Payment.
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Recovered Payment means any Prior Payment or any other payment of a Claim that has been avoided, rescinded, invalidated or recovered pursuant to a binding judicial determination or settlement, except to the extent that such determination or settlement gave rise to a Debtor Paid Claim Disallowed Amount or Debtor Paid Claim Unsecured Amount with respect to the same underlying Claim (or any portion thereof).
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Examples of Recovered Payment in a sentence

  • If any such Recovered Payment, or any part thereof, is subsequently re-recovered by the Recovering Party from the Company or the representative or successor in interest of the Company, such Recovered Payment, or any part thereof, shall, to the extent required by Section 4.4 hereof, be paid by the Recovering Party to the Collateral Agent (without interest), and the Collateral Agent shall redistribute such Recovered Payment to the other Creditors on the same basis as such amounts were originally distributed.

  • If any such Recovered Payment, or any part thereof, is subsequently re-recovered by the Recovering Party from a Credit Party or the representative or successor in interest of a Credit Party, such Recovered Payment, or any part thereof, shall, to the extent required by Section 4.4 hereof, be paid by the Recovering Party to the Secured Party (without interest), and the Secured Party shall redistribute such Recovered Payment to the other Creditors on the same basis as such amounts were originally distributed.

  • The Debt Liabilities of the relevant Beneficiary shall be deemed not to have been reduced or discharged by the amount of a Recovered Payment.