Proceeds Recipient definition

Proceeds Recipient means, with respect to any Proceeds, the Claimholder, any Representative (including any Legal Representative) of the Claimholder, and any other Person that receives such Proceeds on behalf of the Claimholder.
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Proceeds Recipient means each Seller and each Cancelling Executive Optionholder;
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Examples of Proceeds Recipient in a sentence

  • If the Proceeds Recipient receives Proceeds in another currency, then calculation of the United States Dollars to be paid to the Funder shall be made using the spot rate of exchange quoted by a financial institution selected by the Funder and having recognized foreign exchange capabilities on the date on which the Proceeds Recipient receives Proceeds.

  • The Claimholder shall ensure, and cause its Representatives to ensure, that all Claimholder Proceeds received by a Proceeds Recipient are as soon as practicable, but in any event within two (2) Business Days, deposited into the Escrow Account and not into any other account.

  • If not previously provided to the Administrative Agent in connection with a prior borrowing, the Borrower shall deliver appropriate tax forms relating to a Proceeds Recipient to the Administrative Agent at least five Business days before the applicable borrowing date.

  • This enterprise mix has a relatively flat labour profile all year round, meaning additional labour is not required.

  • Neither the Seller Representative, nor any Contingent Litigation Proceeds Recipient shall have any voting or dividend rights in XXXX, the Company or any of the Company’s Subsidiaries in connection with the right to receive any portion of the Contingent Litigation Proceeds.

  • Without limiting the generality of the foregoing, the Holder acknowledges and agrees that pursuant to the terms of the Business Combination Agreement, following the occurrence of the Contingent Litigation Proceeds Payment Event, if any, XXXX will pay the Contingent Litigation Proceeds to the Seller Representative for distribution to each Contingent Litigation Proceeds Recipient, including the Holder.

  • Apart from significant managerial experience and proficiency, Mr. Saraogi has rich and varied experience of industry and trade.

  • Upon a Contingent Litigation Proceeds Release Event, the Contingent Litigation Proceeds (MD Portion) shall be released to the Seller Representative for distribution to each Contingent Litigation Proceeds Recipient in an amount equal to such recipient’s Contingent Litigation Proceeds Sharing Percentage in accordance with the Merger and the Retaining Holder Exchange and the remainder of the Contingent Litigation Proceeds shall be released to XXXX or XXXX’x designee.

Related to Proceeds Recipient

  • Permitted Recipients means the parties to this agreement, the employees of each party and any third parties engaged to perform obligations in connection with this Agreement;

  • Third Party Proceeds shall have the meaning set forth in Section 8.9(a).

  • Intended Recipient means any person or party to whom any Messages are intended by the sender to be sent through or incidental to any of the Tradelink Services.

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

  • Primary recipient means any recipi- ent which is authorized or required to extend or distribute Federal financial assistance to another recipient.

  • Subrecipient means a non-Federal entity receiving an Award from a Recipient to carry out part of a Federal program. The term does not include an individual who is a beneficiary of such program.

  • Insurance Proceeds With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.

  • Net Insurance Proceeds Insurance Proceeds, to the extent such proceeds are not to be applied to the restoration of the related Mortgaged Property or released to the Mortgagor in accordance with the express requirements of the Mortgage or Note or other Loan Documents included in the Mortgage File or in accordance with the Servicing Standard, or with respect to the environmental insurance policy, applied to pay any costs, expenses, penalties, fines or similar items; provided that, in the case of an Outside Serviced Mortgage Loan, “Net Insurance Proceeds” under this Agreement shall be limited to any related Insurance Proceeds that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations set forth in the related Co-Lender Agreement.

  • unintended recipient means the recipient of funds as a result of a mistaken internet payment

  • Proceeds all “proceeds” as such term is defined in Section 9-102(a)(64) of the New York UCC and, in any event, shall include, without limitation, all dividends or other income from the Investment Property, collections thereon or distributions or payments with respect thereto.

  • Sub-Recipient means a partner, joint venturer, director, employee, agent and subcontractors of a Recipient to whom a Recipient must disclose Confidential Information.

  • Disposition Proceeds means, with respect to each Non-Program Vehicle, the net proceeds from the sale or disposition of such Non-Program Vehicle to any Person (other than any portion of such proceeds payable by the Lessee thereof pursuant to the Lease).

  • Eligible Recipients means all Employees, all Non-Employee Directors and all Consultants.

  • Designated recipient means a person chosen by a user using an online tool to administer digital assets of the user.

  • Certified service provider means an agent certified:

  • Eligible Recipient means an employee, director or independent contractor of the Company or any Affiliate of the Company who has been selected as an eligible participant by the Administrator; provided, however, to the extent required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, an Eligible Recipient of an Option or a Stock Appreciation Right means an employee, non-employee director or independent contractor of the Company or any Affiliate of the Company with respect to whom the Company is an “eligible issuer of service recipient stock” within the meaning of Section 409A of the Code.

  • Insurance and Condemnation Proceeds shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Termination Proceeds means any proceeds arising out of a sale of Receivables (or interests therein) pursuant to subsection 12.01(b) of the Agreement with respect to Series 2001-D.

  • Retained Asset Sale Proceeds shall have the meaning provided in Section 10.4.

  • Third Party Payments means the payment made through instruments issued from an account other than that of the beneficiary investor mentioned in the application form. However, in case of payments from a joint bank account, the first named applicant/investor has to be one of the joint holders of the bank account from which payment is made.

  • Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower, any Parent Guarantor or any of their respective Subsidiaries in connection therewith, but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first-priority Lien permitted by Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Prime Recipient means a Colorado State agency or institution of higher education that receives an Award.

  • Condemnation Proceeds All awards or settlements in respect of a Mortgaged Property, whether permanent or temporary, partial or entire, by exercise of the power of eminent domain or condemnation, to the extent not required to be released to a Mortgagor in accordance with the terms of the related Mortgage Loan Documents.

  • Casualty Consultant shall have the meaning set forth in Section 6.4(b)(iii) hereof.

  • Recovered material means waste materials and by-products recovered or diverted from solid waste, but the term does not include those materials and by-products generated from, and commonly reused within, an original manufacturing process.

  • Third Party Payment means payment through an instrument issued from a bank account other than that of the beneficiary investor. In case of payments from a joint bank account, the first named investor/holder of the mutual fund folio has to be one of the joint holders of the bank account from which payment is made.