Defaulting Party definition

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

Defaulting Party. As defined in the Swap Agreement.

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

Examples of Defaulting Party in a sentence

• In addition, the Non-Defaulting Party shall be entitled to obtain from the Defaulting Party court costs and reasonable attorneys’ fees incurred in connection with or in pursuit of enforcing the rights and remedies provided hereunder.

• In the event that either party (the “Defaulting Party”) shall fail to honor any payment obligation under this Agreement or any Transaction hereunder, the other party (the “Nondefaulting Party”) shall be entitled to reduce the amount of any payment to be made by the Nondefaulting Party to the Defaulting Party by the amount of the payment obligation that the Defaulting Party failed to honor.

More Definitions of Defaulting Party

Defaulting Party has the meaning set forth in Section 9.1.

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. As defined in Section 7.01(b).

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.

Defaulting Party shall have the meaning assigned thereto in Section 7.01(b).