Rescindable Amount definition
Rescindable Amount has the meaning as defined in Section 2.12(b)(ii).
Rescindable Amount has the meaning assigned to such term in Section 2.18(d).
Rescindable Amount means any payment that the Administrative Agent makes for the account of the Lenders hereunder as to which the Administrative Agent determines (which determination shall be conclusive absent manifest error) that any of the following applies:
Examples of Rescindable Amount in a sentence
The Administrative Agent shall inform each Lender or other creditor that received a Rescindable Amount promptly upon determining that any payment made to such Person comprised, in whole or in part, a Rescindable Amount.
Each Lender and each other creditor irrevocably waives any and all defenses, including any “discharge for value” (under which a creditor might otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed by another), “good consideration”, “change of position” or similar defenses (whether at law or in equity) to its obligation to return any Rescindable Amount.
More Definitions of Rescindable Amount
Rescindable Amount shall have the meaning provided in Section 2.10(d).
Rescindable Amount has the meaning as defined in Section 2.22.
Rescindable Amount has the meaning as defined in Section 3.8(c).
Rescindable Amount is defined in Section 4.1.
Rescindable Amount means any payment that Administrative Agent makes to any Lender or L/C Issuer as to which Administrative Agent determines (in its sole and absolute discretion) that any of the following applies:
Rescindable Amount shall have the meaning provided in Section 5.04(a).
Rescindable Amount shall have the meaning set forth in Section 4.03(d).