Rescindable Amount definition

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

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

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

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.
Each Lender and Letter of Credit Issuer 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 or Letter of Credit Issuer promptly upon determining that any payment made to such Person comprised, in whole or in part, a 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 means any payment that the Administrative Agent makes for the account of the Lenders hereunder as to which the Administrative Agent determines (which determination shall be conclusive absent manifest error) that any of the following applies:

Rescindable Amount has the meaning as defined in Section 2.16(b).

Rescindable Amount has the meaning as defined in Section 3.8(c).

Rescindable Amount means any payment that Administrative Agent makes to any Lender or L/C Issuer as to which Administrative Agent determines (in its sole and absolute discretion) that any of the following applies:

Rescindable Amount shall have the meaning provided in Section 5.04(a).

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

Rescindable Amount has the meaning specified in Section 10.12(b).

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