Applicable Recipient definition

Applicable Recipient has the meaning set forth in Section 2.18(d).

Applicable Recipient has the meaning assigned to such term in Section 2.8(d).

Applicable Recipient means a candidate for, or an official holding, the office of Governor, Lieutenant Governor, Attorney General, Comptroller, or member of the General Assembly.

Examples of Applicable Recipient in a sentence

• In such event, if the Borrower has not in fact made such payment, then each Applicable Recipient severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Applicable Recipient with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the Federal Funds Effective Rate.

• In such event, if such Borrower has not in fact made such payment or prepayment, then each Applicable Recipient severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Applicable Recipient with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the Federal Funds Effective Rate.

• In such event, if the Borrower has not in fact made such payment, then each Applicable Recipient severally agrees to repay to the Agent forthwith on demand the amount so distributed to such Applicable Recipient with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Agent, at the Federal Funds Effective Rate.

• Unless the Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Agent for the account of the Lenders or the Issuing Lender entitled thereto (the “Applicable Recipient”) hereunder that the Borrower will not make such payment, the Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Applicable Recipient the amount due.

• In such event, if the Borrowers have not in fact made such payment, then each Applicable Recipient severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Applicable Recipient with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the Federal Funds Effective Rate.

More Definitions of Applicable Recipient

Applicable Recipient has the meaning assigned to such term in Section 2.17(e).

Applicable Recipient has the meaning assigned to such term in subsection 2.7(f).

Applicable Recipient means the Company or any of its Subsidiaries (or, after the Effective Time, Parent or any of its Subsidiaries) or any assignee thereof (as permitted herein) of rights to receive Applicable Refund Payments.

Applicable Recipient means the direct nominee of any beneficial owner of the relevant Note, which holds such beneficial owner’s interest in such Note.

Applicable Recipient means a candidate for, or an official holding, any of the following offices:

Applicable Recipient hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Applicable Recipient the amount due. In such event, if the Borrower has not in fact made such payment, then each Applicable Recipient severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Applicable Recipient with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the Federal Funds Effective Rate.

Applicable Recipient means a candidate for, or an official holding, the