Defaulting Party definition

Defaulting Party has the meaning specified in Section 6(a).

Defaulting Party. As defined in the Swap Agreement.

Defaulting Party has the meaning set forth in Section 9.1.

Examples of Defaulting Party in a sentence

• As soon as practicable after a termination, notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to or due from the Non-Defaulting Party.

• Following the occurrence and during the continuation of an Event of Default described in Section 5(a)(vii) of the Agreement with respect to which Dealer is the Defaulting Party, Counterparty shall have the right to designate an independent, nationally recognized equity derivatives dealer to replace Dealer as Calculation Agent, and the parties shall work in good faith to execute any appropriate documentation required by such replacement Calculation Agent.

• If such breach is substantial and is not remedied within that period or is not capable of remedy, the Steering Committee may decide to declare the Party to be a Defaulting Party and to decide on the consequences thereof which may include termination of its participation.

• Notwithstanding any other provision hereof, if an Event of Default or a Potential Event of Default has occurred and is continuing, the Non-Defaulting Party, upon written notice to the Defaulting Party, has the right (a) to suspend performance under this Agreement and (b) to the extent an Event of Default has occurred and is continuing, to exercise any remedy available at law or in equity, except as limited by Section 15.1.

• If the Termination Payment is a positive amount, the Defaulting Party shall pay the Termination Payment to the Non-Defaulting Party.

More Definitions of Defaulting Party

Defaulting Party means the Party that is subject to an Event of Default.

Defaulting Party. As defined in Section 7.01(b).

Defaulting Party. Defaulting Party means a Party which the General Assembly has identified to be in breach of this Consortium Agreement and/or the Grant Agreement as specified in Section 4.2 of this Consortium Agreement.

Defaulting Party has the meaning given to it in Clause 7.3;

Defaulting Party means the Party with respect to which a Default or Event of Default has occurred.

Defaulting Party is defined in Section 5.1.

Defaulting Party has the meaning given to it in the definition of Event of Default.