Nonpaying party definition

Nonpaying party means the original contractor, subcontractor, or real estate developer who has failed to pay the qualified beneficiary making a claim against the fund.
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Nonpaying party means the original contractor, subcontractor, or real estate
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Nonpaying party means the original contractor, subcontractor, or real 1517 estate developer who has failed to pay the qualified beneficiary making a claim against the 1518 fund. 1519 [(16)] (15) "Original contractor" means a person who contracts with the owner of real 1520 property or the owner's agent to provide services, labor, or material for the construction of an 1521 owner-occupied residence. 1522 [(17)] (16) "Owner" means a person who: 1523 (a) contracts with a person who is licensed as a contractor or is exempt from licensure 1524 under Title 58, Chapter 55, Utah Construction Trades Licensing Act, for the construction on an 1525 owner-occupied residence upon real property that the person: 1526 (i) owns; or 1527 (ii) purchases after the person enters into a contract described in this Subsection [(17)] 1528 (16)(a) and before completion of the owner-occupied residence; 1529 (b) contracts with a real estate developer to buy a residence upon completion of the 1530 construction on the owner-occupied residence; or 1531 (c) purchases a residence from a real estate developer after completion of the 1532 construction on the owner-occupied residence. 1533 [(18)] (17) "Owner-occupied residence" means a residence that is, or after completion 1534 of the construction on the residence will be, occupied by the owner or the owner's tenant or 1535 lessee as a primary or secondary residence within 180 days after the day on which the 1536 construction on the residence is complete. 1537 [(19)] (18) "Qualified beneficiary" means a person who: 1538 (a) provides qualified services; 1539 (b) pays necessary fees required under this chapter; and 1540 (c) registers with the division: 1541 (i) as a licensed contractor under Subsection 38-11-301(1) or (2), if that person seeks 1542 recovery from the fund as a licensed contractor; or 1543 (ii) as a person providing qualified services other than as a licensed contractor under 1544 Subsection 38-11-301(3) if the person seeks recovery from the fund in a capacity other than as 1545 a licensed contractor. 1546 [(20)] (19) (a) "Qualified services" means the following performed in construction on
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Related to Nonpaying party

  • Paying Party has the meaning set forth in Section 7.9.1.

  • Non-Paying Party is the Party that has not made payment by the Xxxx Due Date of all amounts within the xxxx rendered by the Billing Party.

  • Notifying Party As defined in Section 3.01(i).

  • Initiating Party shall have the meaning set forth in Article 13.

  • Opposing Party means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Xxxxxxxx has a right of action in regard to Miscellaneous Proceeds. Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Xxxxxx’s judgment, could result in forfeiture of the Property or other material impairment of Xxxxxx’s interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Xxxxxx’s judgment, precludes forfeiture of the Property or other material impairment of Xxxxxx’s interest in the Property or rights under this Security Instrument. The proceeds of any award or claim for damages that are attributable to the impairment of Xxxxxx’s interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2.

  • Responding Party has the meaning set forth in Section 7.02(a).

  • Publishing Party has the meaning set forth in Section 12.3.

  • Designating Party means the Party or non-party that designates Documents, Testimony, or Information as Confidential Material.

  • Breaching Party has the meaning set forth in Section 12.2.

  • complaining Party means any Party that requests the establishment of an arbitration panel under Article 3.5 (Initiation of the Arbitration Procedure);

  • Paying Guarantor has the meaning assigned to such term in Section 10.11.

  • Qualifying Party means (a) a Limited Partner, (b) an Assignee or (c) a Person, including a lending institution as the pledgee of a Pledge, who is the transferee of a Limited Partner Interest in a Permitted Transfer; provided, however, that a Qualifying Party shall not include the Special Limited Partner.

  • Terminating Party As defined in Section 7.1(f).

  • Performing Party As defined in Section 11.12.

  • Defending Party has the meaning set forth in Section 14.2.3.

  • Aggrieved party means a party entitled to pursue a remedy.

  • The Paying Agent shall maintain the stock register, which shall contain a list of the Holders, the number of shares held by each Holder and the address of each Holder. The Paying Agent shall record in the stock register any change of address of a Holder upon written notice by such Holder. In case of any written request or demand for the inspection of the share register or any other books of the Fund in the possession of the Paying Agent, the Paying Agent will notify the Fund and secure instructions as to permitting or refusing such inspection. The Paying Agent reserves the right, however, to exhibit the stock register or other records to any person in case it is advised by its counsel that its failure to do so would (i) be unlawful or (ii) expose it to liability, unless the Fund shall have offered indemnification satisfactory to the Paying Agent.

  • injured party means any person entitled to claim compensation in respect of any loss or injury caused by a vehicle;

  • Non-Breaching Party has the meaning set forth in Section 9.2.1.

  • Transferring Party has the meaning given such term in Section 5.2(b).

  • Lending Party shall have the meaning assigned to such term in Section 11.14.

  • Liable Party shall have the meaning set forth in Section 2.9(b).

  • Filing Party has the meaning set forth in Section 6.12(b).

  • Indemnifying Party shall have the meaning set forth in Section 5(c).

  • Indemnitor has the meaning set forth in Section 12.3.

  • Tax Indemnifying Party shall have the meaning set forth in Section 7.6(d).