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 an amount as to which the Administrative Agent determines (which determination shall be conclusive absent manifest error) that any of the following: (1) the Borrower has not in fact made such payment; (2) the Administrative Agent has made a payment in excess of the amount so paid by the Borrower (whether or not then owed); or (3) the Administrative Agent has for any reason otherwise erroneously made such payment.

Examples of Rescindable Amount in a sentence

• The Administrative Agent shall inform each 2022 Revolving Credit Lender or Term A Lender, as applicable, promptly upon determining that any payment made to such 2022 Revolving Credit Lender or Term A Lender comprised, in whole or in part, a Rescindable Amount.

• Each 2022 Revolving Credit Lender and Term A Lender 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) or similar defense to its obligation to return any Rescindable Amount.

• For the avoidance of doubt, and notwithstanding anything to the contrary in this Section 9.18 or in any other Loan Document, no Term B Lender shall have any obligations, liabilities or responsibilities for any actions, consequences or remediation (including any repayment or recovery of any amounts) contemplated by this Section 9.18 and nothing in this Section 9.18 shall require any Term B Lender to pay any amounts in connection with any Rescindable Amount or this Section 9.18.

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 4.3(b).

Rescindable Amount as defined in Section 3.2(c).

Rescindable Amount has the meaning specified in Section 9.16.

Rescindable Amount is defined in Section 2.17(a)(iii).

Rescindable Amount shall have the meaning set forth in Section 4.03(d).

Rescindable Amount is defined in Section 5.1 hereof.