Non-Contingent definition
Non-Contingent means generally not subject to repurchase rights or other requirements.
Non-Contingent means that liability has fully vested in the debtor; “liquidated” means that a precise amount is readily ascertainable.
Examples of Non-Contingent in a sentence
Any Contingent distributions from investments subject to redemption rights will be withheld by the Partnership and will be distributed to the recipient thereof (together with interest thereon at rates determined by the General Partner from time to time) as the recipient’s rights to such distributions become Non-Contingent (by virtue of the expiration of the applicable Redemption Period or otherwise).