Nondefaulting Party definition

Nondefaulting Party shall have the meaning set forth in Section 30(b) hereof.

Nondefaulting Party shall have the meaning set forth in Section 30 of the Agreement.

Nondefaulting Party has the meaning given to it in Section 5. “Office(s),” as to a Party, has the meaning given to it in Section 1.1.

Examples of Nondefaulting Party in a sentence

• If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

• In the event of a Substantial Breach, the Non-defaulting Party shall, without limiting any other rights it may have in law or equity, have the right to immediately terminate this Agreement without cost, penalty, or process of law upon written notice to the Defaulting Party.

• If the First Method and Market Quotation apply, the Defaulting Party will pay to the Non-defaulting Party the excess, if a positive number, of (A) the sum of the Settlement Amount (determined by the Non-defaulting Party) in respect of the Terminated Transactions and the Termination Currency Equivalent of the Unpaid Amounts owing to the Non-defaulting Party over (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party.

• If a Party (the Defaulting Party) commits an Event of Default, the other Party (the Non-defaulting Party) may serve a notice (Default Notice) on the Defaulting Party specifying the Event of Default and, on receiving the Default Notice, the Defaulting Party must remedy the Event of Default within 5 Business Days after receiving the Default Notice.

• If the First Method and Loss apply, the Defaulting Party will pay to the Non-defaulting Party, if a positive number, the Non-defaulting Party’s Loss in respect of this Agreement.

More Definitions of Nondefaulting Party

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

Nondefaulting Party is defined in Section 31(b).

Nondefaulting Party shall have the meaning set forth in Section 30 of this Agreement. “Obligations” shall mean (a) any amounts owed by Seller to Buyer in connection with a Transaction hereunder, together with interest thereon (including interest which would be payable as post-petition interest in connection with any bankruptcy or similar proceeding) and all other fees or Expenses which are payable hereunder or under any of the Program Documents; (b)

Nondefaulting Party shall have the meaning set forth in Section 30 of the “Obligations” shall mean (a) any amounts owed by Seller to Buyer in connection with a Transaction hereunder, together with interest thereon (including interest which would be payable as post-petition interest in connection with any bankruptcy or similar proceeding) and all other fees or expenses which are payable hereunder or under any of the Program Documents; (b) all other obligations or amounts owed by Seller to Buyer or any Affiliate of Buyer under any other contract or agreement, in each case, whether such amounts or obligations owed are direct or indirect, absolute or contingent, matured or unmatured; and (c) all amounts owed by Seller to Bond Facility Buyer under the Bond Repurchase Agreement and the related Program Documents (as defined in the Bond Repurchase Agreement). “OFAC” shall have the meaning set forth in Section 11(x) of the Agreement. “Original Closing Date” shall mean April 26, 2019. “Originator” shall mean, in the case of each Mortgage Loan, Seller, or if Seller was not the originator of such Mortgage Loan, the related Approved Originator. “Other Taxes” shall have the meaning set forth in Section 7(b) of the Agreement. “Owner Trustee” shall mean Wilmington Savings Fund Society, FSB. “Parent Entity” shall mean UFG HoldingsFinance of America Companies Inc., Finance of America Equity Capital LLC and any Subsidiary of UFG HoldingsFinance of America Equity Capital LLC that is also a direct or indirect parent of Seller. “Payment Date” shall mean each of the [*] of each month or if such date is not a Business Day, the following Business Day. “Periodic Advance Repurchase Payment” shall have the meaning set forth in Section 5(b) of the Agreement. “Permitted Holders” shall mean certain funds affiliated with The Blackstone Group Inc. and/or certain entities affiliated with Xxxxx Xxxxxx. “Person” shall mean any individual, corporation, company or similar legal entity, voluntary association, partnership, joint venture, limited liability company, trust, unincorporated association or government (or any agency, instrumentality or political subdivision thereof). “Permitted Holders” shall mean certain funds affiliated with The Blackstone Group Inc. and/or certain entities affiliated with Xxxxx Xxxxxx.

Nondefaulting Party shall have the meaning specified in SECTION 10.01.

Nondefaulting Party means the party other than the Defaulting Party. “Obligations” shall mean any amounts due and payable by Seller to Buyer in connection with any Transaction hereunder, together with interest thereon (including interest which would be payable as post-petition interest in connection with any bankruptcy or similar proceeding) and all other amounts, fees or expenses which are payable hereunder or under any of the Facility Documents.

Nondefaulting Party shall have the meaning set forth in Section 31(b) hereof. “Non-Excluded Taxes” shall have the meaning set forth in Section 8(a) hereof.