Solvent Party definition

Solvent Party has the meaning set forth in Section 8.5.
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Solvent Party has the meaning set forth in Section 9.7(a). “Sublicense” has the meaning set forth in Section 2.2.
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Solvent Party has the meaning set forth in Article 15.2.
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Examples of Solvent Party in a sentence

  • If notice is not given as required, the Solvent Party shall, on learning of the (or any prior) Insolvency Event, have the option of declaring the contract(s) closed-out at either the Fair Market Price on the first business day after the date when the Solvent Party first learned of the Insolvency Event, or at the Fair Market Price on the first business day after the date of the earliest Insolvency Event known to the Solvent Party.

  • To the extent permitted by Applicable Laws, if the applicable circumstances described above shall have continued for ninety (90) days undismissed, unstayed, unbonded and undischarged, the Solvent Party may terminate this Agreement upon written notice to the Insolvent Party at any time.

  • Any exercise by the Solvent Party of its termination right under this Section 10.4 shall be without any prejudice to any other remedies or rights available to the Solvent Party and shall not be subject to any fee or penalty, whether monetary or equitable.

  • The Solvent Party may exercise its termination right under this Section 10.4 at any time after the occurrence of any of the foregoing events notwithstanding that such event may cease to be continuing prior to such exercise, and any delay in exercising this right shall not be construed as a waiver or other extinguishment of that right.

  • To the extent permitted by Applicable Law, if the applicable circumstances described above shall have continued for ninety (90) days undismissed, unstayed, unbonded and undischarged, the Solvent Party may terminate this Agreement upon written notice to the Insolvent Party at any time.

  • If Protiva is the Insolvent Party, the rights and remedies granted to Licensee (as the Solvent Party) pursuant to this Section 8.4 shall be in addition to, and not in lieu of, Licensee’s rights and remedies under Section 2.4 above.

  • However, this would not affect the aggregation or set-off of the obligations of the Parties in respect of (i) any obligation incurred before such Solvent Party had notice of the winding-up petition and (ii) any Post-Notice Obligation (looked at in isolation) giving rise to an amount owing to such Insolvent Party by such Solvent Party.

  • If any contract is so disclaimed, any damages or injury suffered by the other Party (the Solvent Party) as a result may be claimed by such Solvent Party as a debt in the winding-up of the Hong Kong Company.

  • Company’s purpose, as stated in the Agreement, is to acquire, hold, and sell investments and to engage in any lawful business.

  • Recognising the growing reliance for on-line channels, all timetables will still be available in PDF format online, including those that are no longer proposed for print.


More Definitions of Solvent Party

Solvent Party has the meaning set forth in Section 13.3. CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH SECURITIES AND EXCHANGE COMMISSION ASTERISKS DENOTE SUCH OMISSION “Sub-distributor” has the meaning set forth in Section 4.3.
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Solvent Party means with respect to each Joint Obligor, in any moment, that such Joint Obligor is not in a position to be declared bankrupt according to Articles 9, 10 and 11 of the Corporate Bankruptcy Law (Ley de Concursos Mercantiles) or according to any other legal provision that replaces those Articles.
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Related to Solvent Party

  • Obligated Party has the meaning assigned to such term in Section 10.02.

  • 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.

  • Non-Material Subsidiary means a Subsidiary of the Company which is not a Material Subsidiary.

  • Performing Party As defined in Section 11.12.

  • Originating Party means the party within whose jurisdiction an application or registration is made or required.

  • Solvent and “Solvency” mean, with respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

  • Obligated Person means a general partner of a limited partnership, a partner of a general partnership, or a participant in or an owner of an interest in any other type of business enterprise who, under applicable law, is generally liable for the obligations of the business enterprise.

  • Material Subsidiary means any Subsidiary other than an Immaterial Subsidiary.

  • Responsible Party means a public or private body or any other person which, alone or in conjunction with others, determines the purpose of and means for processing personal information, as defined in POPI.

  • Environmental Affiliate means any agent or employee of any Borrower or any other Relevant Party or any person having a contractual relationship with any Borrower or any other Relevant Party in connection with any Relevant Ship or its operation or the carriage of cargo and/or passengers thereon and/or the provision of goods and/or services on or from any Relevant Ship;

  • Borrower Party Affiliate means, with respect to the Mortgage Loan Borrower, a manager of the Mortgaged Property or an Accelerated Mezzanine Loan Lender, (a) any other Person controlling or controlled by or under common control with such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable, or (b) any other Person owning, directly or indirectly, 25% or more of the beneficial interests in such Mortgage Loan Borrower, manager or Accelerated Mezzanine Loan Lender, as applicable. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  • Terminated Party As defined in Section 7.01(c) of this Agreement.

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

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

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

  • Independent Third Party means any Person who, immediately prior to a contemplated transaction, does not own in excess of 5% of the Company’s Common Units on a fully-diluted basis (a “5% Owner”), who is not controlling, controlled by or under common control with any such 5% Owner and who is not the spouse or descendant (by birth or adoption) of any such 5% Owner or a trust for the benefit of such 5% Owner and/or such other Persons.

  • Excluded Entities has the meaning set forth in Section 2.2(b)(iv).

  • SPE Subsidiary means any Subsidiary formed solely for the purpose of, and that engages only in, one or more Securitization Transactions.

  • Required Party has the meaning set forth in Section 4.03 of this Agreement.

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

  • applicant Party means the Contracting Party requesting information;

  • Excluded Party has the meaning set forth in Section 7.4(b).

  • Buyer Group Member means Buyer and its Affiliates and their respective successors and assigns.

  • Designated Party means any person listed:

  • Regulated party means a producer or importer of any amount