Examples of Qualifying Recipient in a sentence
If a Recipient fails to indicate its status in accordance with this Section 2.17(f)(iii) then such Recipient shall be treated for the purposes of this Agreement and by each UK Loan Party as if it is not a Qualifying Recipient until such time as it notifies the Administrative Agent which category applies (and the Administrative Agent, upon receipt of such notification, shall inform each UK Loan Party).
Any of the above people or bodies are a Qualifying Recipient under this Policy.
A Disclosable Matter reported directly to a Qualifying Recipient or any of the above bodies constitutes a Qualifying Disclosure for the purposes of this Policy.
For example, if a Member is not paid their Per Capita Distribution until ten (10) years following the year in which they became a Qualifying Recipient, the amount payable remains the same as it was in the year it became payable.
Provided that the Recipient is a Qualifying Recipient, no Obligor is required to make any deduction for or on account of U.S. federal income tax from any payment it may make under any Facility Document.
Ten business days prior to each Distribution Date, Buyer shall request confirmation from Seller that each Transferring Participant qualifies as a Qualifying Recipient, and such confirmation shall be deemed given for all purposes under this Section if notice to the contrary is not received within 3 Business Days prior to the Distribution Date.