Finance Party definition
Examples of Finance Party in a sentence
Each Obligor shall comply with all conditions in any consent or waiver a Finance Party gives under or in connection with a Finance Document.
In any litigation or arbitration proceedings arising out of or in connection with a Finance Document, the entries made in the accounts maintained by a Finance Party are prima facie evidence of the matters to which they relate.
If an Event of Default is continuing, a Finance Party may, but need not, set off any matured obligation due from an Obligor under the Finance Documents (to the extent beneficially owned by that Finance Party) against any matured obligation owed by that Finance Party to that Obligor, regardless of the place of payment, booking branch or currency of either obligation.
Notwithstanding any other provision of this Agreement, unless an Event of Default is continuing, no Finance Party may disclose any Confidential Information to a Disqualified L▇▇▇▇▇.
If the obligations are in different currencies, the Finance Party may convert either obligation at a market rate of exchange in its usual course of business for the purpose of the set-off.