Potentially Defaulting Party definition

Potentially Defaulting Party means a Party that, but for a cure of a Potential Event of Default or failure of performance, would be a Defaulting Party.
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Examples of Potentially Defaulting Party in a sentence

  • The Parties intend that no part of this Article Five or any amount due thereunder represents a penalty to the Defaulting Party or Potentially Defaulting Party.

  • References to Defaulting Party and Non-Defaulting Party in this Section include the Potentially Defaulting Party and Potentially Non-Defaulting Party, as applicable.