Primary Party definition

Primary Party the Counterparty, unless a Substitute Swap Provider has been obtained, in which case it shall be the Substitute Swap Provider or, if applicable, a guarantor thereof.
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Primary Party means (i) each of the Main Sellers, on the one hand, and (ii) the Purchaser, on the other hand.
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Primary Party denotes the Party that bills the FX customer for the FX service when, by mutual agreement of the Parties, only one of the Parties bills the FX customer for the facilities provided by both Parties.
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Examples of Primary Party in a sentence

  • If the Secondary Party does not have tariff rates applicable for the facilities that it has provided for its portion of the FX Service, the Primary Party will reimburse the Secondary Party based on rates negotiated between the Parties.

  • In this case, the Primary Party will compensate the Secondary Party for the portion of the FX Service that the Secondary Party provides based on the Secondary Party’s applicable tariffed rates for the facilities that the Secondary Party provides.

  • In the event that only one Party bills the FX customer for the entire FX service, within thirty (30) calendar days after the end of each billing period, the Primary Party will remit the compensation amount due the Secondary Party.

  • If mutually agreeable by the Parties, one Party may act as the Primary Party and bill the FX customer for the entire FX Service.

  • The amount of compensation due the Secondary Company maybe reduced due to uncollectibles attributable to FX Service billing experienced by the Primary Party for the jointly provided FX Services.


More Definitions of Primary Party

Primary Party means each of the Seller and the Purchaser.
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Primary Party has the meaning set forth in Section 9.06(e).
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Primary Party means any persons executing the work (i.e. Contractor, UA Facilities Administration Shop Manager [“UAFA”] or UA’s Project Manager/Supervisor, etc.
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Primary Party has the meaning specified in Section 2.4 of this Agreement.
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Primary Party means Licensee or Xxx.Xxx only and "Primary Parties" means Licensee and Xxx.Xxx only.
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Primary Party has the meaning set forth in the preamble.
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Primary Party has the meaning in Section 6.2(a).
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