Examples of Subsequent Party in a sentence
The Subsequent Party warrants to Maker that she is entitled to obtain payment.
If the reason she isn’t entitled to payment is because Payee’s signature was forged by Thief, then Maker can go after Thief: the UCC says that “the person obtaining payment [Subsequent Party] and a prior transferor [Thief] warrant to the person making payment in good faith [Maker] that the warrantor [Subsequent Party] is entitled to enforce the instrument.”Uniform Commercial Code, Section 3-417(d).
Upon request of Project Company, Developer or any Subsequent Party, each other Party shall execute all consents to said assignment to any such lender on reasonably acceptable terms and conditions.
The Council collects non-domestic rates for its area that are based on local rateable values multiplied by a uniform rate (set by the Government).
The Collateral Agent and each such Subsequent Party shall have the rights of third-party beneficiaries under this Agreement.