Payment Recipient definition

Payment Recipient has the meaning assigned to it in Section 11.12(a).

Payment Recipient has the meaning assigned to such term in Section 8.03(a).

Payment Recipient as defined in Section 9.14(a).

Examples of Payment Recipient in a sentence

• Each Payment Recipient agrees that it shall not assert any right or claim to any Erroneous Payment, and hereby waives any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Erroneous Payments, including without limitation waiver of any defense based on “discharge for value” or any similar doctrine.

• Each Payment Recipient shall not assert any right or claim to the Erroneous Payment, and hereby waives any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Erroneous Payments, including without limitation waiver of any defense based on “discharge for value” or any similar doctrine.

• A notice of Administrative Agent to any Payment Recipient under this clause (a) shall be conclusive, absent manifest error.

• A Payment Transaction is independent of the underlying civil or commercial obligation between the Client and the Payment Recipient.

More Definitions of Payment Recipient

Payment Recipient has the meaning assigned thereto in Section 10.12(a).

Payment Recipient has the meaning assigned to such term in Section 12.30(a).

Payment Recipient has the meaning specified therefor in Section 17.16 of this Agreement.

Payment Recipient has the meaning specified in Section 9.24.

Payment Recipient has the meaning specified therefor in Section 11.20 of this Agreement.

Payment Recipient shall have the meaning set forth in Section 7.27(A).

Payment Recipient means that term as defined in Section 10.18(a) hereof.