Examples of Recipient Party in a sentence
The Administrative Agent shall inform each Lender Recipient Party promptly upon determining that any payment made to such Lender Recipient Party comprised, in whole or in part, a Rescindable Amount.
Each Lender Recipient Party 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.
The Recipient Party shall, within ten working days, advise the first Party of the name of its nominee to the Arbitration Board.
In the case of a known or suspected breach of security with respect to Transferred Classified Information, the National Security Authority of the Recipient Party shall inform the National Security Authority of the Originating Party as soon as possible.
The Recipient Party shall immediately investigate the circumstances of the breach and shall, without delay, inform the Originating Party of the circumstances, the findings of the investigation and any corrective action taken or to be taken.