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

• If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

• If the First Method and Market Quotation apply, the Defaulting Party will pay to the Non-defaulting Party the excess, if a positive number, of (A) the sum of the Settlement Amount (determined by the Non-defaulting Party) in respect of the Terminated Transactions and the Termination Currency Equivalent of the Unpaid Amounts owing to the Non-defaulting Party over (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party.

• If the Second Method and Market Quotation apply, an amount will be payable equal to (A) the sum of the Settlement Amount (determined by the Non-defaulting Party) in respect of the Terminated Transactions and the Termination Currency Equivalent of the Unpaid Amounts owing to the Non-defaulting Party less (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party.

• If the First Method and Loss apply, the Defaulting Party will pay to the Non-defaulting Party, if a positive number, the Non-defaulting Party's Loss in respect of this Agreement.

• If at any time an Event of Default with respect to a party (the "Defaulting Party") has occurred and is then continuing, the other party (the "Non-defaulting Party") may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions.

More Definitions of Nondefaulting Party

Nondefaulting Party is defined in Section 31(b).

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

Nondefaulting Party shall have the meaning set forth in Section 29 of this Agreement. LEGAL02/44212932v3

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 Xxxxx Xxxxxx. “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 Xxxxx Xxxxxx.

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 specified in SECTION 10.01.

Nondefaulting Party means the party other than the Defaulting Party. “Obligations” shall mean any amounts due and payable by Seller to Buyer in connection with any 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 amounts, fees or expenses which are payable hereunder or under any of the Facility Documents.