Non-Defaulting Member definition
Non-Defaulting Member means a Member who is not a Defaulting Member.
Non-Defaulting Member the meaning set forth in Section 4.3(a).
Non-Defaulting Member has the meaning set forth in Section 9.1.
Examples of Non-Defaulting Member in a sentence
To the extent the Non-Defaulting Member advances funds to the Company on behalf of the Defaulting Member, all Company distributions that would otherwise be made to the Defaulting Member shall be paid to the Non-Defaulting Member (with any such amounts being applied first against accrued but unpaid interest and then against principal) until all amounts payable by the Defaulting Member to the Non-Defaulting Member under this Section 3.4(c) (including interest) have been paid in full.
More Definitions of Non-Defaulting Member
Non-Defaulting Member shall have the meaning given in Section 3.4(D).
Non-Defaulting Member shall have the meaning specified in Article 28.3.
Non-Defaulting Member is defined in Section 3.3.
Non-Defaulting Member is defined in Section 7.01.
Non-Defaulting Member has the meaning ascribed thereto in Section 3.2.1(d).
Non-Defaulting Member means any Member with respect to which a Bad Act Termination Event is not then continuing.
Non-Defaulting Member is defined in Section 2.2.1.