Defaulting Party definition
Defaulting Party has the meaning specified in Section 6(a).
Defaulting Party. As defined in the Swap Agreement.
Defaulting Party. Defaulting Party means a Party which the General Assembly has identified to be in breach of this Consortium Agreement and/or the Grant Agreement as specified in Section 4.2 of this Consortium Agreement.
Examples of Defaulting Party in a sentence
In the event that either party (the “Defaulting Party”) shall fail to honor any payment obligation under this Agreement or any Transaction hereunder, the other party (the “Nondefaulting Party”) shall be entitled to reduce the amount of any payment to be made by the Nondefaulting Party to the Defaulting Party by the amount of the payment obligation that the Defaulting Party failed to honor.
If, as a result of such dispute resolution proceeding, it is determined that (x) the Defaulting Party did not commit such breach, (y) such breach was not material or (z) such breach was cured in accordance with this Section 12.2(b), then no termination shall be effective, and this Agreement shall continue in full force and effect.
More Definitions of Defaulting Party
Defaulting Party means the Party that is subject to an Event of Default.
Defaulting Party. As defined in Section 7.01(b).
Defaulting Party has the meaning set forth in Section 7.1.
Defaulting Party has the meaning set forth in Section 11.1(a).
Defaulting Party means the Party with respect to which a Default or Event of Default has occurred.
Defaulting Party is defined in Section 9.1 and Section 9.2.
Defaulting Party is defined in Section 5.1.