Entitled Party definition

Entitled Party means the Company unless the Collateral Agent or the Company has given notice to the Subordinated Lender that the Collateral Agent has, on behalf of the Secured Parties and pursuant to the Collateral Agency Agreement or related documents, properly exercised its remedies to foreclose on the Company’s interest in any System Lease and receive payments pursuant to any System Lease directly from Sharyland, in which case the Entitled Party shall mean the Collateral Agent, acting for the benefit of the Secured Parties.

Entitled Party shall have the meaning ascribed thereto in Section 4.1(a).

Entitled Party has the meaning given to it in Clause 2.7.1(a).

Examples of Entitled Party in a sentence

• The Manager hereby makes the following representations and warranties for the benefit of each Entitled Party, which representations and warranties are made as of the Closing Date (unless otherwise indicated).

• The Recipient will provide the Entitled Party with such information as is necessary or reasonably requested to determine the amounts to which the Entitled Party is entitled.

• Notwithstanding anything contained in this Indenture to the contrary, the Indenture Trustee or any Entitled Party may reject or refuse to accept any Collateral for credit toward payment of the Notes that is an account, instrument, chattel paper, lease, or other obligation or property of any kind due from, owed by, or belonging to, a Sanctioned Person.

• Each party (the "Recipient") will promptly remit to the other party (the "Entitled Party") all amounts paid to the Recipient but to which the Entitled Party has the right, including insurance proceeds.

• Where certain Intellectual Property Rights specified in Article 4 (Continuation Project Rights) do not automatically vest in the applicable party (the “Entitled Party”), the other party (the “Assignor”) hereby assigns, transfers and conveys (and agrees to assign, transfer and convey) to the Entitled Party all of Assignor’s right, title and interest in such Intellectual Property Rights.

More Definitions of Entitled Party

Entitled Party has the meaning set forth in SECTION 4.1(a).

Entitled Party means, a Person, other than the Seller, who provides Additional Property pursuant to the related Additional Property Agreement.

Entitled Party means a Person, other than the Seller, providing Additional Property pursuant to the related Additional Property Agreement.

Entitled Party means any party by whom objects of the acquired land are possessed or owned.

Entitled Party means the Lead User, the User, the Lead User Institution or the User Institution in the meaning of the Framework, that is entitled to the ownership or the co-ownership of the IPR, in accordance with their contractual arrangements in particular resulting from the relationship of employment;

Entitled Party means a Person providing Additional Property pursuant to an Additional Property Agreement;

Entitled Party means, at any time, the person who is entitled at such time to make claims under the Warranties under and in accordance with this Agreement, being the Initial Entitled Party or the person named as the new Entitled Party in any Replacement Entitled Party Notice delivered to the Manufacturer in accordance with this Agreement.