Repaying Person definition
Repaying Person has the meaning assigned to such term in Section 8.17.
Examples of Repaying Person in a sentence
If the Collateral Trustee or any Secured Party (a “Repaying Person”) receives any Shared Amount that is subsequently required to be returned or repaid by such Repaying Person to any Obligor, then each Secured Party to which any portion of such amount was paid shall promptly after request therefor by such Repaying Person repay such portion to such Repaying Person, without interest, and the amount so repaid shall be deemed not to have been paid to the Secured Parties making such repayment.