Recovering Party definition

Recovering Party the meaning specified in Section 2.13(b).
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Recovering Party has the meaning given to it in Clause 14.1 (Recoveries).
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Recovering Party has the meaning given in Clause 5.8.1; “Retail Business” means the managed pubs, bars, restaurants and property development business carried on by the retail division of Six Continents’ Group prior to Completion as described in the listing particulars of M and B dated 17 February 2003; “Retail Companies” means the companies details of which are set out in Schedule 1 and “Retail Company” means any one of them; “Retail Shares” means the entire issued share capital of each of the Retail Companies (other than Bede Retail Investment Limited) and membership of Bede Retail Investments Limited; “Scheme of Arrangement” means the scheme of arrangement pursuant to Section 425 Companies Act 1985 pursuant to which M and B was inserted as the new holding company of Six Continents; Back to Contents
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Examples of Recovering Party in a sentence

  • Each of the Finance Parties (other than the Recovering Party which received a payment as a result of the Discharged Amount being distributed) shall pay to the Facility Agent (for the account of the Recovering Party) all that it has received of the Discharged Amount.

  • On a distribution by the Facility Agent under clause 33.2 (Redistribution of payments) of a payment received by a Recovering Party from an Obligor, as between the relevant Obligor and the Recovering Party, an amount of the Recovered Amount equal to the Sharing Payment will be treated as not having been paid by that Obligor.

  • The Facility Agent shall treat the Sharing Payment as if it had been paid by the relevant Obligor and distribute it between the Finance Parties (other than the Recovering Party) (the Sharing Parties) in accordance with clause 34.6 (Partial payments) towards the obligations of that Obligor to the Sharing Parties.

  • If any such Recovery, or any part thereof, is subsequently re-recovered by the Recovering Party from any Obligors or the representative or successor in interest of the Obligors, such Recovery shall be paid by the Recovering Party to the Collateral Agent, and the Collateral Agent shall redistribute such Recovery to the other Senior Creditors on the same basis as such amounts were originally distributed.

  • If a Recovering Party is required to return or repay an amount which it determines relates to a Discharged Amount made by it under Clause 30.1, it shall promptly inform the Facility Agent.

  • If any such Recovered Payment, or any part thereof, is subsequently re-recovered by the Recovering Party from the Company or the representative or successor in interest of the Company, such Recovered Payment, or any part thereof, shall, to the extent required by Section 4.4 hereof, be paid by the Recovering Party to the Collateral Agent (without interest), and the Collateral Agent shall redistribute such Recovered Payment to the other Creditors on the same basis as such amounts were originally distributed.

  • The obligations of each Class A and Class P Holder hereunder regarding any Damages will be reduced, including retroactively, by the amount of any insurance proceeds received, directly or indirectly, using commercially reasonable efforts by the Indemnified Party regarding such Damages and the amount of all reductions in Taxes actually recognized by the Recovering Party in the year of such Damages and the two (2) succeeding Tax years as a result of the event giving rise to such Damages.

  • If any such Recovery, or any part thereof, is subsequently re-recovered by the Recovering Party from any Obligors or the representative or successor in Table of Contents interest of the Obligors, such Recovery shall be paid by the Recovering Party to the Collateral Agent, and the Collateral Agent shall redistribute such Recovery to the other Senior Creditors on the same basis as such amounts were originally distributed.

  • If any such Recovery, or any part thereof, is subsequently re recovered by the Recovering Party from any Obligors or the representative or successor in interest of the Obligors, such Recovery shall be paid by the Recovering Party to the Collateral Agent, and the Collateral Agent shall redistribute such Recovery to the other Senior Creditors on the same basis as such amounts were originally distributed.

  • The obligations of the Company in respect of indebtedness held by each other Noteholder shall be deemed to have been satisfied to the extent of the amount of the Recovery required to be distributed to each such other Investor by the Recovering Party as contemplated above, whether or not any such Recovery is actually distributed.


More Definitions of Recovering Party

Recovering Party has the meaning given in Clause 7.1;
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Recovering Party shall have the meaning assigned thereto in Section 4.5.
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Recovering Party has the meaning given to it in clause 32.2.1 (Pro rata payments);
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Related to Recovering Party

  • Delivering Party means the entity supplying capacity and energy to be transmitted at Point(s) of Receipt. Delivery Year:

  • Enforcing Party In connection with any Repurchase Request, (i) in the event one or more Requesting Certificateholders or Consultation Requesting Certificateholders has delivered a Final Dispute Resolution Election Notice with respect thereto pursuant to Section 2.03(g) of this Agreement, with respect to the mediation or arbitration that arises out of such Final Dispute Resolution Election Notice, such Requesting Certificateholder(s) and/or Consultation Requesting Certificateholder(s), or (ii) in all other cases, the Enforcing Servicer.

  • Tendering Party has the meaning provided in Section 8.5(a) hereof.

  • Supplying Party shall have the meaning stated in Section 35.8.2.

  • Producing Party means the parties to this action and any third-parties producing “Confidential Information” in connection with depositions, document production or otherwise, or the party asserting the confidentiality privilege, as the case may be.

  • Aggrieved party means a party entitled to pursue a remedy.

  • a Party means the individual parties to the Agreement, that is either the Republic of India or the Kingdom of Thailand;

  • complaining Party means any Party that requests the establishment of an arbitration panel under Article 3.5 (Initiation of the Arbitration Procedure);

  • Purchasing Party means CIG Media LLC, NBC Universal, Inc. and their respective Affiliates.

  • Company Indemnitee has the meaning set forth in Section 7.2(b).

  • injured party means any person entitled to claim compensation in respect of any loss or injury caused by a vehicle;

  • 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.

  • Notifying Party As defined in Section 3.01(i).

  • Billing Party means the Party rendering a bill.

  • BRRD Party means any party to this Agreement subject to the Bail-in Legislation.

  • Insuring Party Lessor is the "Insuring Party" unless otherwise stated herein. (See Paragraph 8 for further provisions.)

  • Product Infringement has the meaning set forth in Section 9.4(a).

  • Landlord Party or “Landlord Parties” shall mean Landlord, any affiliate of Landlord, Landlord’s managing agents for the Building, each mortgagee (if any), each ground lessor (if any), and each of their respective direct or indirect partners, officers, shareholders, directors, members, trustees, beneficiaries, servants, employees, principals, contractors, licensees, agents or representatives. For the purposes of this Lease, the term “Tenant Party” or “Tenant Parties” shall mean Tenant, any affiliate of Tenant, any permitted subtenant or any other permitted occupant of the Premises, and each of their respective direct or indirect partners, officers, shareholders, directors, members, trustees, beneficiaries, servants, employees, principals, contractors, licensees, agents, invitees or representatives.

  • Company Indemnified Party has meaning set forth in Section 8(b) hereof.

  • Performing Party As defined in Section 11.12.

  • Third Party Infringement Claim has the meaning set forth in Section 6.4.

  • Third Party Infringement has the meaning set forth in Section 5.1.

  • D&O Indemnified Party has the meaning set forth in Section 5.8(a).

  • Third Party IP Claim has the meaning given to it in clause E8.7 (Intellectual Property Rights).

  • Participating Party means an enterprise or public body that has committed itself to reaching certain objectives under a voluntary agreement, or is covered by a national regulatory policy instrument;

  • Defending Party has the meaning set forth in Section 14.2.3.