Examples of Non-Defaulting Party in a sentence

As soon as practicable after calculation of the Termination Payment, notice must be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to or due from the Non-Defaulting Party.
If the Defaulting Party disputes the Non-Defaulting Party’s calculation of the Default Damages or Termination Payment, in whole or in part, the Defaulting Party must, within three (3) Business Days of receipt of the Non-Defaulting Party’s calculation of the Default Damages or Termination Payment, provide to the Non-Defaulting Party a detailed written explanation of the basis for such dispute.
The Termination Payment shall be due to or due from the Non-Defaulting Party as appropriate.
As soon as practicable after calculation of a Termination Payment, notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to or due from the Non-Defaulting Party.
For avoidance of doubt, the Non-Defaulting Party shall not owe any amount as Settlement Amount to the Defaulting Party and payment of the Settlement Amount shall only be from the Defaulting Party to the Non-Defaulting Party.

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 means the Party other than the Defaulting Party.

Non-Defaulting Party is defined in Section 5.2.

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 shall have the meaning as given in Section 7.2.