Exposed Party definition

Exposed Party shall have the meaning attributed to it in Section II(a).
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Exposed Party means a party that is entitled to receive Performance Assurance from the Non-Exposed Party in the amount of such Non-Exposed Party's Collateral Requirement.
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Exposed Party means the Party that the Non-Exposed Party has provided Performance Assurances to.
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Examples of Exposed Party in a sentence

  • The Non-Exposed Party shall remain liable for any amounts owing to the Exposed Party and remaining unpaid after the application of the amounts so drawn by the Exposed Party.

  • Except as specified in the preceding sentence, the Exposed Party will have no duty with respect to Cash.

  • On or after the occurrence of an Event of Default or Termination Event with respect to the Non-Exposed Party or an Early Termination Date as a result of an Event of Default or Termination Event with respect to the Non-Exposed Party, the Exposed Party shall retain any such Interest Amount as additional Cash hereunder until the obligations of the Exposed Party under the Confirmation have been satisfied.

  • The Non-Exposed Party shall either establish such Performance Assurance or increase any outstanding Performance Assurance, in each case by either (i) increasing the amount of any outstanding Letter of Credit; (ii) establishing additional Letters of Credit; or (ii) delivering Cash to the Exposed Party.

  • Any Letter of Credit shall be delivered to such address as the Exposed Party shall specify.

  • A Letter of Credit shall provide that a drawing may be made on the Letter of Credit upon submission to the bank issuing the Letter of Credit of one or more certificates specifying the amounts due and owed to the Exposed Party in accordance with the specific requirements of the Letter of Credit.

  • The party having the greater Exposure Amount at any time (the "Exposed Party") shall be deemed to have a "Net Exposure" to the other party (the "Non-Exposed Party") equal to the difference between its Exposure Amount and the other party's Exposure Amount.

  • The Non-Exposed Party shall remain liable for any amount due and owing to the Exposed Party and remaining unpaid after the application of the amounts so drawn by the Exposed Party.

  • Notwithstanding the Exposed Party’s receipt of Cash under the Letter of Credit, the Non-Exposed Party shall remain liable to the Exposed Party (y) for any failure to Transfer sufficient Performance Assurance and (z) for any amounts due and owing to the Exposed Party and remaining unpaid after the application of the amounts so drawn by the Exposed Party.

  • The Non-Exposed Party shall increase the amount of the Letter of Credit or establish additional Letters of Credit if its Collateral Requirement increases and the Exposed Party demands such increased or additional Letter of Credit in the manner provided above.


More Definitions of Exposed Party

Exposed Party means a Party that, as of any Business Day, has a Net Exposure, as that term is defined in Section 2(b) hereof;
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Exposed Party is defined in Section 10.1.1.; “Net Settlement Amount” is defined in Section 10.3.2.; “Non-Exposed Party” is defined in Section 10.1.1.; “Non-Secured Party” is defined in Section 10.1.1.; “Secured Party” is defined in Section 10.1.1.
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Related to Exposed Party

  • Exposed person means any person wholly or partially in a danger zone;

  • Exposed group means all employees at a work location, working area, or a common area at work, where an employee COVID-19 case was present at any time during the high-risk exposure period. A common area at work includes bathrooms, walkways, hallways, aisles, break or eating areas, and waiting areas. The following exceptions apply:

  • politically exposed person means any individuals connected to any prominent public functions, as well as their immediate family members and close associates.

  • Politically Exposed Persons means:

  • Exposed conductive part means the conductive part which can be touched under the provisions of the protection degree IPXXB and which is not normally energized, but which can become electrically energized under isolation failure conditions. This includes parts under a cover that can be removed without using tools.

  • Exposed workplace means any work location, working area, or common area at work used or accessed by a COVID-19 case during the high-risk period, including bathrooms, walkways, hallways, aisles, break or eating areas, and waiting areas. The exposed workplace does not include buildings or facilities not entered by a COVID-19 case.

  • Exposed means not installed underground or "concealed" as defined above.

  • domestic politically exposed person means a natural person who is or has been entrusted domestically with prominent public functions;

  • Released Party means collectively, and in each case in its capacity as such:

  • Receiving Party Personnel has the meaning set forth in Section 37(d).

  • Unlicensed person means any person who is not a licensed dealer under this chapter.

  • Licensed person means an individual who is licensed or otherwise legally authorized to practice a professional service by a court, department, board, commission, or an agency of this state or another jurisdiction, any corporation or professional services corporation all of whose shareholders are licensed persons, any partnership all of whose partners are licensed persons, or any limited liability company all of whose members and managers are licensed persons.

  • foreign politically exposed person means a natural person who is or has been entrusted with prominent public functions in a foreign country;

  • Respondent Party has the meaning set forth in Section 7.6(b).

  • Non-Party Affiliates has the meaning set forth in Section 10.15.

  • Released Person means any person who is released on bail or on his personal bond, as the case may be;

  • Independent Third Party means any Person who, immediately prior to a contemplated transaction, does not own in excess of 5% of the Company’s Common Units on a fully-diluted basis (a “5% Owner”), who is not controlling, controlled by or under common control with any such 5% Owner and who is not the spouse or descendant (by birth or adoption) of any such 5% Owner or a trust for the benefit of such 5% Owner and/or such other Persons.

  • Independent Party means, with respect to a BDC Downstream Fund, (i) if the BDC Downstream Fund has a board of directors (or the equivalent), the board or (ii) if the BDC Downstream Fund does not have a board of directors (or the equivalent), a transaction committee or advisory committee of the BDC Downstream Fund.

  • Seriously disturbed person means a person who:

  • Interested Party means a person:

  • Restricted Person shall have the meaning assigned to such term in Section 6.9(i).

  • Covered Party has the meaning assigned to it in Section 9.21.

  • Indemnified Party’s Group means the Seller Group (with respect to a Seller Indemnified Party) or the Purchaser Group (with respect to a Purchaser Indemnified Party).

  • Supervised Persons for purposes of this Code means:

  • Restricted Parties has the meaning set forth in Section 6.7(a).

  • Affiliated Party means, with respect to any Purchaser, any person or entity which, directly or indirectly, controls, is controlled by or is under common control with such Purchaser, including, without limitation, any general partner, officer or director of such Purchaser and any venture capital fund now or hereafter existing which is controlled by one or more general partners of, or shares the same management company as, such Purchaser.