Nondefaulting Party definition
Nondefaulting Party shall have the meaning set forth in Section 31(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
In the event that either party shall fail to honor any payment obligation under this Agreement or any Transaction hereunder (the “Defaulting Party”), 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 Nondefaulting Party
Nondefaulting Party shall have the meaning specified in SECTION 9.01.
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 the 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) all other obligations or amounts owed by Seller to Buyer or any Affiliate of Buyer under any other
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 ▇▇▇▇▇ ▇▇▇▇▇▇. “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 ▇▇▇▇▇ ▇▇▇▇▇▇.
Nondefaulting Party shall have the meaning set forth in Section 29 of this Agreement. LEGAL02/40558019v11
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.