Underpaying Party definition

Underpaying Party has the meaning set forth in Section 6.7.
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Underpaying Party. Underpaying Party shall have the meaning assigned to it in Section 5.13(c). "U.S. Acceptance Date". U.S. Acceptance Date shall have the meaning assigned to it in Section 8.2(a). "U.S. Territory". U.S. Territory shall mean the United States of America and all of its territories and possessions, and shall include Puerto Rico.
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Examples of Underpaying Party in a sentence

  • The failure to pay such deficiency to the Underpaid Party prior to the date that is ten (10) Business Days after receipt of the arbitrator's decision shall not constitute a breach or default by the Underpaying Party under this Agreement.

  • All reports or complaints should be made in good faith and with the reasonable belief that inappropriate activity has occurred or may occur in the future.If the complaint is found to have been made maliciously or in bad faith, the employee who made the report will face appropriate disciplinary action from the Company.

  • Each Reimbursement shall be equal to the difference of (i) the product of (A) the Underpaying Party’s Applicable Sharing Percentage, multiplied by (B) the total amount of Party Liabilities arising from the date of this Agreement, minus (ii) the sum of (A) the aggregate amount expended by the Underpaying Party with respect to all Party Liabilities arising from the date of this Agreement, plus (B) the aggregate amount of Reimbursements made by the Underpaying Party from the date of this Agreement.

  • If an inspection of one party's records shows an under-reporting or underpayment by such party of any amount to the inspecting party in excess of 5% for any 12 month period, then such underpaying party ("Underpaying Party") shall reimburse the inspecting party for the cost of the inspection as well as pay to the inspecting party any amount found due (including any late payment charges or interest) within 30 days of notice by the inspecting party to the Underpaying Party.

Related to Underpaying Party

  • Paying Party shall have the meaning set forth in Section 5.7.

  • 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.

  • Underpayment shall have the meaning set forth in Section 5(b).

  • Responding Party shall have the meaning set forth in Section 12.2 hereof.

  • Disputing Party has the meaning specified in Paragraph 5.

  • Billing Party means the Party rendering a bill.

  • Auditing Party means the Party conducting an audit of the Audited Party’s books, records, data and other documents.

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

  • Initiating Party means a party who gives notice under section 2 of this Schedule;

  • Prosecuting Party has the meaning set forth in Section 6.2(c).

  • Overpayment means payment in excess of the required fee. Overpayment of less than $10 received by the board shall not be refunded.

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

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

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

  • Supplying Party shall have the meaning stated in Section 35.8.2.

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

  • Tax Indemnitee as defined in Section 3.01(5).

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

  • Designating Party has the meaning set forth in Section 12.22.3.

  • 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 General Partner.

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

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

  • Preparing Party has the meaning set forth in Section 2.04(a)(ii).

  • Requesting Party means the Party to this Agreement submitting a request for or having received information from the requested Party;

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

  • 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;