Examples of Fee Recipient in a sentence
Each Fee Recipient hereby represents that it is a Permitted Investor and agrees to update Internal Revenue Service Form W-9 (or its successor form) or applicable Internal Revenue Service Form W-8 (or its successor form) upon any change in such Person’s circumstances or if such form expires or becomes inaccurate or obsolete, and to promptly notify the Borrower and the Administrative Agent if such Person becomes legally ineligible to provide such form.
The payment or deposit into escrow by the Paying Party pursuant to this Section 7.5(a) shall be made at the time the Paying Party is obligated to pay the Fee Recipient such amount pursuant to Section 7.4 by wire transfer.
The escrow agreement shall also provide that any portion of the Termination Fee or the Go Shop Termination Fee, as the case may be, remaining in escrow on the date that is five (5) years after the date the Termination Fee or the Go Shop Termination Fee, as the case may be, was deposited into escrow shall be released by the escrow agent to the Fee Recipient.
Any costs and expenses of the escrow agent shall be borne solely by the Fee Recipient.
To secure the Paying Party’s obligation to pay these amounts, it shall deposit into escrow an amount in cash equal to the Termination Fee or the Go Shop Termination Fee, as the case may be, with an escrow agent selected by the Fee Recipient and on such terms (subject to Section 7.5(b)) as shall be mutually agreed upon by the Fee Recipient and the escrow agent.
The Company will pay a due diligence fee ("Due Diligence Fee") described on Schedule 8 hereto to the parties identified on Schedule 8 hereto (each, a "Due Diligence Fee Recipient").
On the Effective Date, (a) the Fee Recipient Payment shall be reduced by the amount necessary to pay Pre 12/1/11 Claims and Allowed Governmental Authority Lien Claims relating to water and sewer charges prior to December 1, 2011, and (b) DG shall be entitled to hold back from the Fee Recipient Payment the Post Effective Date Holdback in accordance with Section 7.5 of this Plan.
The Fee Recipient shall receive on account of all allowed Equity Interests the Fee Recipient Payment.
In the event Exit Fee Recipient shall provide Permanent Financing of the Loan to any Person, Borrower shall be credited with the Exit Fee actually paid to Exit Fee Recipient against any fees charged by Exit Fee Recipient in connection with such Permanent Financing.
DG shall hold back $400,000 (the “Post Effective Date Holdback”) from the Fee Recipient Payment to pay or reimburse DG in respect of any (a) Pre 12/1/11 Claims asserted after the Effective Date and (b) claims, whenever asserted, and associated reasonable legal costs and disbursements of defense, asserted against DG or the Properties, arising from rent overcharges or claimed rent overcharges accrued during the period August 29, 2005 through November 30, 2011.