Unintended Recipient definition

Unintended Recipient means the recipient of funds as a result of a Mistaken Internet Payment.

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Unintended Recipient has the meaning specified in Section 11.07(a)(i).

Unintended Recipient has the meaning assigned to such term in Article VIII(v).

Examples of Unintended Recipient in a sentence

Upon demand from the Lead Securitization Noteholder or Servicer, as applicable, in writing, such Unintended Recipient shall promptly, but in no event later than one (1) business day after receipt of such demand, return to the Lead Securitization Noteholder or Servicer, as applicable, the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made.
Any Payment shall at all times remain the property of Lender and shall be held in trust by the applicable Unintended Recipient for the benefit of Lender until repaid to Lender pursuant to this Section 11.13(a)(i).
Upon demand from Lender, such Unintended Recipient shall promptly, but in no event later than one Business Day thereafter, return to Lender the amount of any such Payment (or portion thereof) as to which such a demand was made.
Upon demand from the Administrative Agent, such Unintended Recipient shall promptly, but in no event later than one Business Day thereafter, return to the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made.
Upon demand from the Agent, such Unintended Recipient shall promptly, but in no event later than two Business Days thereafter, return to the Agent the amount of any such Payment (or portion thereof) as to which such a demand was made.

More Definitions of Unintended Recipient

Unintended Recipient means the recipient of funds as a result of a Mistaken Internet Payment or Misdirected Payment.

Unintended Recipient shall have the meaning set forth in Article 30(d)(i) of this Agreement.

Unintended Recipient shall have the meaning set forth in Section 45(a)(i).

Unintended Recipient means the recipient of funds as a result of a

Unintended Recipient has the meaning specified in Section 9.02(a)(i). “United States” means the United States of America. “Unmatured Event of Default” means the occurrence and continuance of any event referred to in Section 7.01 that, if it continues uncured, will, with lapse of time, notice or lapse of time and notice, constitute an Event of Default. “Unrestricted Cash” means the meaning of “Unrestricted Cash” or any comparable definition in the Underlying Instrument for each such Collateral Asset, and in any case that “Unrestricted Cash” or such comparable definition is not defined in such Underlying Instrument, all cash available for use for general corporate purposes and not held in any reserve account or legally or contractually restricted for any particular purposes or subject to any lien (other than blanket liens permitted under or Granted in accordance with such Underlying Instrument), in each case as determined by the Collateral Manager. “Unused Fee” has the meaning assigned to such term in the Lender Fee Letter. “Updated Asset Value” means, with respect to each Collateral Asset as of any date, the value, if any, (expressed as a percentage of the Outstanding Balance) of such Collateral Asset reflected on the books and records of the Collateral Manager, as adjusted pursuant to periodic valuations as required by GAAP, the 1940 Act and any orders of the Securities and Exchange Commission issued to the Collateral Manager; provided that if the Collateral Manager does not report to the Borrower and the Administrative Agent the results of its updated valuation on any Collateral Asset in the first Borrowing Base Certificate delivered after the updated value is required to be publicly reported pursuant to the rules of the Securities and Exchange Commission, the “Updated Asset Value” of such Collateral Asset shall be (x) the updated value for such Collateral Asset reflected in the most recent applicable report filed with the Securities and Exchange Commission by the Collateral Manager, as determined in good faith by the Administrative Agent, or (y) if no such updated value for such Collateral Asset is reflected in such report, the value determined by the Administrative Agent in its sole discretion; provided, in no event shall any Updated Asset Value exceed 100%. “Updated Asset Value Determination Date” means, with respect to each Collateral Asset, any date that an Updated Asset Value is determined with respect to such Collateral Asset pursuant to the definition of “Updated Asse...

Unintended Recipient shall have the meaning assigned to such term in Section 10.10.