Non-Controlling Party definition

Non-Controlling Party means the party not controlling the defense of any Third Party Action.

Non-Controlling Party has the meaning set forth in Section 11.1(f).

Non-Controlling Party means, at any time, any Trustee, Liquidity Provider or other Person which is not the Controlling Party at such time.

Examples of Non-Controlling Party in a sentence

• The failure of the Controlling Party to take any action specified in the preceding sentence with respect to the Non-Controlling Party shall not relieve the Non-Controlling Party of any liability and/or obligation which it may have to the Controlling Party under this Agreement, and in no event shall such failure relieve the Non-Controlling Party from any other liability or obligation which it may have to the Controlling Party.

More Definitions of Non-Controlling Party

Non-Controlling Party has the meaning set forth in Section 9.02(c) of this Agreement.

Non-Controlling Party has the meaning set forth in Section 7.3(d)(ii).

Non-Controlling Party shall have the meaning set forth in Section 10.02(c) of this Agreement.

Non-Controlling Party has the meaning set forth in Section 7.2.2.

Non-Controlling Party means whichever of Seller or Purchaser is not the Controlling Party with respect to such Tax Proceeding.

Non-Controlling Party means, with respect to a Tax Contest, the Party that is not entitled to control such Tax Contest pursuant to Sections 6.2 and 6.3 of this Agreement.

Non-Controlling Party means, at any time, the Issuer Secured Party that is not the Controlling Party at such time.