Examples of Non-Defaulting Party in a sentence

Reverse the placement of “(i)” and “to” and at the end of the section, add: “The Non-Defaulting Party may determine its Gains and Losses by reference to information either available to it internally or to the Non- Defaulting Party’s affiliates or supplied by one or more third parties including, quotations of relevant rates, prices, yields, yield curves, volatilities, spreads or other relevant market data in the relevant markets.
Notwithstanding any other provision of this Agreement, if an Event of Default shall have occurred and be continuing, the Non-Defaulting Party, upon notice to the Defaulting Party, shall have the right to suspend performance under this Agreement; provided, however, that in no event shall any such suspension continue longer than ten (10) Business Days unless an Early Termination Date shall have been declared and notice thereof given pursuant to Section 11.2.
The Non-Defaulting Party shall calculate, in a commercially reasonable manner and consistent with the terms of this Agreement (including Section 13.1), a Settlement Amount as of the Early Termination Date.

More Definitions of Non-Defaulting Party

Non-Defaulting Party means the Party with respect to which a Default or Event of Default has not occurred.

Non-Defaulting Party is defined in Section 5.2.

Non-Defaulting Party means the Party other than the Defaulting Party.

Non-Defaulting Party has the meaning given to it in the definition of Event of Default.

Non-Defaulting Party is defined in Section 9.3.

Non-Defaulting Party has the meaning specified in Section 15.1(a).

Non-Defaulting Party means, with respect to the occurrence of any Event of Default, the Party that is not the Defaulting Party in connection with such Event of Default.