Defaulting Pool Member definition
Defaulting Pool Member has the meaning given to that term in Clause 66.3.1;
Examples of Defaulting Pool Member in a sentence
Calling Creditors may, upon reaching a bona fide conclusion that the reason for the failure by the Defaulting Pool Member under Clause 66.3.1, 66.3.2 or 66.
The Defaulting Pool Member shall indemnify and keep indemnified each Pool Member on demand against all sums properly paid by such Pool Member pursuant to this Clause 66.5 together with interest thereon from the date of payment by such Pool Member to the date of its reimbursement (as well after as before judgment) at the Default Interest Rate.