Payment Party definition

Payment Party means a Trading Party, a Virtual Lead Party that holds a Virtual Balancing Account or the NETSO, or (in the context of a Payment Date) any such Party where obliged to make or (subject to Section N2.4 to N2.7 (inclusive)) entitled to receive payment to or from the BSC Clearer of any amount in respect of Trading Charges;
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Payment Party has the meaning assigned to such term in Section 8.15.
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Payment Party means either (i) Lender, (ii) an Affiliate of Lender, (iii) Lessor, if the interest in such Lessor which has been pledged as security to Lender is owned (whether directly or indirectly, and irrespective of how such ownership is acquired) by Lender or an Affiliate of Lender, or (iv) Lessor, if the interest in such Lessor which has been pledged as security to Lender such Lessor will be owned (whether directly or indirectly, and irrespective of how such ownership is acquired) by Lender or an Affiliate of Lender immediately following any Prepayment Premium.
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Examples of Payment Party in a sentence

  • The FAA shall maintain ledger accounts showing all net amounts payable and receivable by each Payment Party and the BSC Clearer according to calculations made and notifications issued by the FAA pursuant to this Service Description.

  • Party A Accrued Interest Payment: Party A will pay an amount equal to the product of (i) the Sharing Percentage and (ii) the accrued and unpaid interest on Extended Notes paid in full on the related Accrued Interest Payment Date.

  • The Administrative Agent shall inform each Payment Party promptly upon determining that any payment made to such Payment Party comprised, in whole or in part, a Rescindable Amount.

  • Each Payment Party irrevocably waives any and all defenses, including any “discharge for value” (under which a creditor might otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed by another) or similar defense to its obligation to return any Rescindable Amount.

  • Please include ‘Food System Transformation Indicators’ as reference in the email subject line.

  • Contingent Payment Party shall not determine Proceeds of Major Capital Events in a manner that is Discriminatory to Landlord.

  • Funds Accession AgreementFAA schedule in which Payment Party standing data is provided to the FAA.

  • In all cases, Contingent Payment Party must provide written notice to Landlord of a Capital Transaction no later than the closing date of such Capital Transaction.

  • If the Initial Estimated Value is not higher than the aggregate Initial Payment, Party A shall not be responsible for any of the Second Payment.

  • Lump-sum Payment Party B shall pay the aforementioned price to the bank escrow account agreed by the Parties by and before10th November 2015 .


More Definitions of Payment Party

Payment Party as defined in Section 10.16.
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Payment Party means a bank, financial institution, credit card issuer, debit card issuer or credit/debit card payment processor that is obligated to remit funds to Borrowers with respect to a Transaction or on which a check is drawn.
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Payment Party has the meaning specified in Section 8.2(j).
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Payment Party shall have the meaning provided in Section 12.19.
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Related to Payment Party

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

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

  • Payment Claim means the claim for payment made by the Supplier in accordance with this Contract.

  • Third Party Payment means payment through an instrument issued from a bank account other than that of the beneficiary investor. In case of payments from a joint bank account, the first named investor/holder of the mutual fund folio has to be one of the joint holders of the bank account from which payment is made.

  • Payment means any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable pursuant to this Agreement or otherwise.

  • Performing Party As defined in Section 11.12.

  • Payor means a trustee, insurer, business entity, employer, government, governmental subdivision or agency, or other person authorized or obligated by law or a governing instrument to make payments.

  • Guaranteed Party means the Borrower and each Subsidiary thereof party to any Interest Rate Protection Agreement or Other Hedging Agreement with an Other Creditor. Each Guarantor understands, agrees and confirms that the Secured Creditors may enforce this Guaranty up to the full amount of the Guaranteed Obligations against such Guarantor without proceeding against any other Guarantor, the Borrower, any other Guaranteed Party, against any security for the Guaranteed Obligations, or under any other guaranty covering all or a portion of the Guaranteed Obligations.

  • Lender Recipient Party means collectively, the Lenders, the Swing Line Lender and the L/C Issuer.

  • 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.

  • Transaction Party means the Company and each Guarantor, collectively, “Transaction Parties”.

  • Payment Recipient has the meaning assigned to it in Section 11.12(a).

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

  • Disputing Party as used in Section 11.9 below, means the Party to this Agreement that is disputing an amount in a bill rendered by the Billing Party.

  • Recipient Party means the Party which receives Confidential Information from the other Party.

  • Delta Payment means as it is described in this Agreement.

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

  • Participating Party means an enterprise or public body that has committed itself to reaching certain objectives under a voluntary agreement, or is covered by a national regulatory policy instrument;

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

  • Purchasing Party means a Party requesting or receiving a Service from the other Party under this Agreement.

  • Lending Party means a third party that is not Company or an affiliate of Company that Dealer considers to be an acceptable counterparty (acting in good faith and in a reasonable manner in light of (x) other transactions that Dealer (or its agent or affiliate) may have entered into with such party and (y) any legal, regulatory or self-regulatory requirements or related policies and procedures (whether or not such requirements or related policies and procedures are imposed by law or have been voluntarily adopted by Dealer) that apply generally to transactions of a nature and kind similar to the transactions contemplated with such party).

  • Settling Party means any one of, and “Settling Parties” means all of, the parties to the Stipulation, namely Defendants and Plaintiffs (on behalf of themselves and the Settlement Class).

  • Mediation party means a person that participates in a mediation and whose agreement is necessary to resolve the dispute.

  • Individual Settlement Payment means the amount payable from the Net