Replacement Person definition

Replacement Person as defined in Section 2.13(c).

Replacement Person has the meaning ascribed thereto in Section 2.16(e)

Replacement Person means a Liquidity Bank that replaces a removed Liquidity Bank as described in subsection 4.05(d) of the Liquidity Agreement.

Examples of Replacement Person in a sentence

• Each Affected Person shall continue to be entitled to receive from the Borrower its share of interest, fees, costs and other sums which have not been assigned by the Affected Person to the Replacement Person.

• The Affected Person agrees to sell to the Replacement Person its outstanding Liquidity Loans (at par, with accrued interest through the date of purchase, in immediately available funds) and to delegate to the Replacement Person its obligations to BAFC and its future obligations to the Administrative Agent under this Agreement.

• Each Affected Person shall continue to be entitled to receive from BAFC its share of interest, fees, costs and other sums which have not been assigned by the Affected Person to the Replacement Person.

• The Affected Person agrees to sell to the Replacement Person its Pro Rata Share in the Loans (at par, with accrued interest through the date of purchase, in immediately available funds) and to delegate to the Replacement Person its obligations to the Borrower under this Agreement.

• Upon such sale and delegation by the Affected Person and the purchase and assumption by the Replacement Person, and compliance with the provisions of Section 11.05 hereof, the Affected Person shall cease to be a Liquidity Bank hereunder and the Replacement Person shall become a Liquidity Bank under this Agreement.

More Definitions of Replacement Person

Replacement Person has the meaning set forth in Section 5.01(g).

Replacement Person has the meaning set forth in Section 6.4. ------------------ -----------

Replacement Person means a person assigned or provided to temporarily assume the responsibilities of a vendor, as prescribed by Section 650.150.

Replacement Person has the meaning set forth in Section 5.01(g). “Reportable Compliance Event” means that: (a) any Covered Entity becomes a Sanctioned Person, or is charged by indictment, criminal complaint, or similar charging instrument, arraigned, custodially detained, penalized or the subject of an assessment for a penalty, by, or enters into a settlement with an Official Body in connection with any Anti-Corruption Law, Anti-Money Laundering Law or Sanctions, or any predicate crime to U.S. money laundering crimes (18 U.S.C. §§ 1956, 1957); (b) any Covered Entity engages in a transaction that has caused or would cause any party to this Agreement (including any Purchaser Party, and any underwriter, advisor, investor, or otherwise) to be in violation of any applicable Sanctions or Anti-Corruption Law, including a Covered Entity’s use of any proceeds of the Investment hereunder to directly or indirectly fund any activities or business of, with, or for the benefit of any Person that is a Sanctioned Person, or to fund any activities or business of or in any Sanctioned Jurisdiction in violation of applicable Sanctions; (c) any Sold Asset or Seller Collateral qualifies as Blocked Property; or (d) any Covered Entity otherwise violates any of the Sanctions or Anti-Corruption Law-specific representations and covenants herein. “Representatives” has the meaning set forth in Section 14.06(c). “Required Capital Amount” means $240,000,000. “Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority. “Restatement Effective Date” means August 30, 2022. “Restricted Payments” has the meaning set forth in Section 8.01(r). “Returned Goods” means all right, title and interest in and to returned, repossessed or foreclosed goods and/or merchandise the sale of which gave rise to a Receivable; provided that such goods shall no longer constitute Returned Goods after a Deemed Collection has been deposited in a Collection Account with respect to the full Outstanding Balance of the related Receivables.

Replacement Person has the meaning set forth in SECTION 6.4.

Replacement Person has the meaning specified in Section 8.2(d) hereof.”

Replacement Person has the meaning set forth in Section 5.01(g). “Representatives” has the meaning set forth in Section 14.06(c). “Required Capital Amount” means $240,000,000. “Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority. “Restatement Effective Date” means August 30, 2022. “Restricted Payments” has the meaning set forth in Section 8.01(r). “Returned Goods” means all right, title and interest in and to returned, repossessed or foreclosed goods and/or merchandise the sale of which gave rise to a Receivable; provided that such goods shall no longer constitute Returned Goods after a Deemed Collection has been deposited in a Collection Account with respect to the full Outstanding Balance of the related Receivables. “S&P” means S&P Global Ratings, an S&P Global business, and any successor thereto