Rescindable Amount definition

Rescindable Amount has the meaning as defined in Section 2.12(b)(ii).

Rescindable Amount has the meaning assigned to such term in Section 2.18(d).

Rescindable Amount means any payment made by the Administrative Agent for the account of any Lender hereunder that the Administrative Agent determines (which determination shall be conclusive absent manifest error) (a) the applicable Borrower has not in fact made such payment; (b) the Administrative Agent has made a payment in excess of the amount so paid by such Borrower (whether or not then owed); or (c) was for any reason erroneously made for the account of such Lender.

Examples of Rescindable Amount in a sentence

• The Administrative Agent shall inform each Credit Party promptly upon determining that any payment made to such Credit Party comprised, in whole or in part, a Rescindable Amount.

• Each Credit 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 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.

• Each Lender 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.

More Definitions of Rescindable Amount

Rescindable Amount shall have the meaning provided in Section 2.10(d).

Rescindable Amount has the meaning as defined in Section 4.3(b).

Rescindable Amount as defined in Section 3.2(c).

Rescindable Amount has the meaning specified in Section 2.13(b)(ii). “Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority. “Responsible Officer” means the chief executive officer, president, chief financial officer, each executive vice president and senior vice president, and the treasurer of any Loan Party, and solely for purposes of the delivery of incumbency certificates pursuant to Section 4.01, the secretary or any assistant secretary of a Loan Party or any entity authorized to act on behalf of such Loan Party, and, solely for purposes of notices given pursuant to Article II, any other officer or employee of a Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer or employee of such Loan Party designated in or pursuant to an agreement between such Loan Party and the Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of the applicable Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. “Restricted Payment” means any payment (whether in cash, securities or other property) by the Parent Guarantor, the Borrower or any of their respective Subsidiaries, including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any of the Parent Guarantor’s or Borrower’s capital stock or other Equity Interest, or on account of any return of capital to the Parent Guarantor’s or the Borrower’s stockholders, partners or members (or the equivalent Person thereof); provided that dividends to the extent in the form of Equity Interests shall not constitute Restricted Payments. “Rolling Base Year Methodology” has the meaning specified in the definition of “Sustainability Metric.” “Rolling Base Year Percentage” has the meaning specified in the definition of “Sustainability Metric.” “S&P” means Standard & Poor’s Financial Services LLC, a subsidiary of S&P Global Inc., and any successor thereto. “Same Day Funds” means immediately available funds. “Sanction(s)” means any international economic sanctions administered or enforced by the United States federal government (including, without limitation, OFAC), the United Nations Security Council, the Euro...

Rescindable Amount has the meaning specified in Section 9.16.

Rescindable Amount shall have the meaning set forth in Section 4.03(d).

Rescindable Amount is defined in Section 2.17(a)(iii).