Non-Tendering Party definition

Non-Tendering Party means, in the event of a Third-Party Claim, the party from whom indemnification is sought.
Sample 1
Non-Tendering Party means, in the event of a Third-Party Claim, the party from whom indemnification is sought. "Notice of Objection" shall have the meaning set forth in Section 1.03(d)(ii) of this Agreement.
Sample 1

Examples of Non-Tendering Party in a sentence

  • In such an event, the Non-Tendering Party shall submit such Third Party Claim to arbitration immediately in order determine whether it is a Proper Claim.

  • While the arbitration is pending, the Non-Tendering Party shall control all aspects of the defense of such Third Party Claim.

  • If the Non-Tendering Party decides that the Third Party Claim is an Improper Claim, the Non-Tendering Party shall reject the tender of the defense.

  • If the Non-Tendering Party questions whether the Third Party Claim is a Proper Claim, the Non-Tendering Party may accept the tender of the defense with a reservation of rights.

  • If the Non-Tendering Party agrees that the Third Party Claim is a claim for which indemnification is provided for pursuant to the terms of this Agreement (“Proper Claim”), the Non-Tendering Party shall accept the tender of the defense without a reservation of rights.

  • If the Non-Tendering Party agrees that the Third Party Claim is a Proper Claim, the Non-Tendering Party shall accept the tender of the defense without a reservation of rights.

  • In such an event, the Non-Tendering Party shall submit such Third Party Claim to arbitration immediately in order to determine whether it is a Proper Claim.

  • The Non-Tendering Party shall, within ten (10) Business Days of the receipt thereof, inform the Tendering Party in writing that the Non-Tendering Party will either accept or reject the tender of the defense of such Third Party Claim as set forth below.

  • It is recommended that timber roads are not used year-round without required upgrades.

  • In such an event the Non-Tendering Party shall control all aspects of the defense of such Third Party Claim and shall defend, indemnify and hold harmless the Tendering Party in accordance with this Section 1.06.

Related to Non-Tendering Party

  • Tendering Party has the meaning provided in Section 8.5(a) hereof.

  • Tendering Partner shall have the meaning set forth in Section 8.6.A.

  • Delivering Party means the entity supplying capacity and energy to be transmitted at Point(s) of Receipt. Delivery Year:

  • U.S. Legal Tender means such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts.

  • Legal tender means a medium of exchange, including specie, that is authorized by the United States Constitution or Congress for the payment of debts, public charges, taxes and dues.

  • Optional Tender means any tender of VRDP Shares by a Beneficial Owner or its Agent Member to the Tender and Paying Agent, other than a Mandatory Tender, for Remarketing or, in the event (i) no Remarketing occurs on or before the Purchase Date, or (ii) pursuant to an attempted Remarketing, VRDP Shares remain unsold and the Remarketing Agent does not purchase for its own account the unsold VRDP Shares tendered to the Tender and Paying Agent for Remarketing (provided that the Remarketing Agent may seek to sell such VRDP Shares in a subsequent Remarketing prior to the Purchase Date), for purchase by the Liquidity Provider pursuant to Section 2 of Part II of the Articles Supplementary and this Agreement.

  • Non-Paying Party is the Party that has not made payment by the Xxxx Due Date of all amounts within the xxxx rendered by the Billing Party.

  • Qualifying Party means (a) a Limited Partner, (b) an Assignee or (c) a Person, including a lending institution as the pledgee of a Pledge, who is the transferee of a Limited Partner Interest in a Permitted Transfer; provided, however, that a Qualifying Party shall not include the General Partner.

  • Government Representative means any officer or employee of the state or a political

  • Government-furnished property means property in the possession of, or directly acquired by, the Government and subsequently furnished to the Contractor for performance of a contract. Government-furnished property includes, but is not limited to, spares and property furnished for repair, maintenance, overhaul, or modification. Government-furnished property also includes contractor-acquired property if the contractor-acquired property is a deliverable under a cost contract when accepted by the Government for continued use under the contract.

  • Notice of Tender means, in connection with an Optional Tender, a notice, substantially in the form attached to the Tender and Paying Agent Agreement as Exhibit A, delivered by a Beneficial Owner or its Agent Member to the Tender and Paying Agent indicating an intention to tender VRDP Shares for sale on a Purchase Date pursuant to Section 1 of Part II of the Statement.

  • Non-Qualifying Party means any Loan Party that fails for any reason to qualify as an Eligible Contract Participant on the Effective Date of the applicable Swap.

  • Appendix to Tender means the appendix comprised in the form of Tender annexed to these Conditions.

  • Initiating Member has the meaning set forth in Section 7.5.

  • Participating Party means an enterprise or public body that has committed itself to reaching certain objectives under a voluntary agreement, or is covered by a national regulatory policy instrument;