More Definitions of Nonpaying party

Nonpaying party means the original contractor, subcontractor, or real 1517 estate developer who has failed to pay the qualified beneficiary making a claim against the 1518 fund. 1519 [(16)] (15) "Original contractor" means a person who contracts with the owner of real 1520 property or the owner's agent to provide services, labor, or material for the construction of an 1521 owner-occupied residence. 1522 [(17)] (16) "Owner" means a person who: 1523 (a) contracts with a person who is licensed as a contractor or is exempt from licensure 1524 under Title 58, Chapter 55, Utah Construction Trades Licensing Act, for the construction on an 1525 owner-occupied residence upon real property that the person: 1526 (i) owns; or 1527 (ii) purchases after the person enters into a contract described in this Subsection [(17)] 1528 (16)(a) and before completion of the owner-occupied residence; 1529 (b) contracts with a real estate developer to buy a residence upon completion of the 1530 construction on the owner-occupied residence; or 1531 (c) purchases a residence from a real estate developer after completion of the 1532 construction on the owner-occupied residence. 1533 [(18)] (17) "Owner-occupied residence" means a residence that is, or after completion 1534 of the construction on the residence will be, occupied by the owner or the owner's tenant or 1535 lessee as a primary or secondary residence within 180 days after the day on which the 1536 construction on the residence is complete. 1537 [(19)] (18) "Qualified beneficiary" means a person who: 1538 (a) provides qualified services; 1539 (b) pays necessary fees required under this chapter; and 1540 (c) registers with the division: 1541 (i) as a licensed contractor under Subsection 38-11-301(1) or (2), if that person seeks 1542 recovery from the fund as a licensed contractor; or 1543 (ii) as a person providing qualified services other than as a licensed contractor under 1544 Subsection 38-11-301(3) if the person seeks recovery from the fund in a capacity other than as 1545 a licensed contractor. 1546 [(20)] (19) (a) "Qualified services" means the following performed in construction on

Related to Nonpaying party

Paying Party has the meaning set forth in Section 7.9.1.
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.
Notifying Party As defined in Section 3.01(i).
Initiating Party means a party who gives notice under section 2 of this Schedule;
Opposing Party means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Xxxxxxxx has a right of action in regard to Miscellaneous Proceeds. Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Xxxxxx’s judgment, could result in forfeiture of the Property or other material impairment of Xxxxxx’s interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Xxxxxx’s judgment, precludes forfeiture of the Property or other material impairment of Xxxxxx’s interest in the Property or rights under this Security Instrument. The proceeds of any award or claim for damages that are attributable to the impairment of Xxxxxx’s interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2.
Responding Party has the meaning set forth in Section 7.2(a).
Publishing Party has the meaning set forth in Section 11.5.4.
Designating Party has the meaning set forth in Section 2.1.3.
Breaching Party has the meaning set forth in Section 12.2.
complaining Party means any Party that requests the establishment of an arbitration panel under Article 14.4 (Initiation of Arbitration Procedure);
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.
Terminating Party As defined in Section 7.1(f).
Performing Party As defined in Section 10.12 of this Agreement.
Defending Party has the meaning set forth in Section 14.2.3.
Aggrieved party means a party entitled to pursue a remedy.
Loan Guarantor means each Loan Party.
injured party means any person entitled to claim compensation in respect of any loss or injury caused by a vehicle;
Non-Breaching Party shall have the meaning set forth in Section 21.1 of this Agreement.
Transferring Party has the meaning given such term in Section 5.2(b).
Lending Party means a third party that is not Company or an affiliate of Company that Dealer considers to be an acceptable counterparty (acting in good faith and in a reasonable manner in light of (x) other transactions that Dealer (or its agent or affiliate) may have entered into with such party and (y) any legal, regulatory or self-regulatory requirements or related policies and procedures (whether or not such requirements or related policies and procedures are imposed by law or have been voluntarily adopted by Dealer) that apply generally to transactions of a nature and kind similar to the transactions contemplated with such party).
Liable Party shall have the meaning set forth in Section 2.9(b).
Filing Party has the meaning set forth in Section 10.1.3.
Guarantor means the Person named as the “Guarantor” in the first paragraph of this instrument until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Guarantor” shall mean such successor Person.
Indemnifying Party shall have the meaning set forth in Section 5(c).

Nonpaying party definition

Related Definitions

Related to Nonpaying party