Exposed Party definition

Exposed Party shall have the meaning attributed to it in Section II(a).
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Exposed Party means the Party that the Non-Exposed Party has provided Performance Assurances to.
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Exposed Party means a party that is entitled to receive Performance Assurance from the Non-Exposed Party in the amount of such Non-Exposed Party's Collateral Requirement.
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Examples of Exposed Party in a sentence

  • The Non-Exposed Party shall either establish such Performance Assurance or increase any outstanding Performance Assurance, in each case by either (i) increasing the amount of any outstanding Letter of Credit; (ii) establishing additional Letters of Credit; or (ii) delivering Cash to the Exposed Party.

  • On or after the occurrence of an Event of Default with respect to the Non-Exposed Party or an Early Termination Date as a result of an Event of Default with respect to the Non-Exposed Party, the Exposed Party shall retain any such Interest Amount as additional Performance Assurance hereunder until the obligations of the Non-Exposed Party under this Master Agreement have been satisfied.

  • Any Letter of Credit shall be delivered to such address as the Exposed Party shall specify.

  • Following the failure of the Non-Exposed Party to provide, increase, renew, substitute, or maintain (as the case may be) Performance Assurance as required herein, the Non-Exposed Party shall be entitled to one (1) Business Day, after notice from the Exposed Party of such failure, to cure such failure.

  • The Non-Exposed Party shall increase the amount of the Letter of Credit or establish additional Letters of Credit if its Collateral Requirement increases and the Exposed Party demands such increased or additional Letter of Credit in the manner provided above.

  • Upon receipt of the Collateral (defined below), the Exposed Party shall be deemed the “Secured Party”.

  • Following the failure of the Non-Exposed Party to provide, increase, renew, substitute, or maintain (as the case may be) Performance Assurance as required herein, the Non-Exposed Party shall be entitled to two (2) Business Days, after notice from the Exposed Party of such failure, to cure such failure.

  • Except as specified in the preceding sentence, the Exposed Party will have no duty with respect to cash, including, without limitation, any duty to enforce or preserve any rights pertaining thereto.

  • The Exposed Party shall cause statements concerning Collateral held in each Collateral Account or Customer Account to be delivered to the Non-Exposed Party upon its request, which request may be made no more frequently than monthly.

  • Without limiting the Exposed Party's rights under Paragraph VII(b), the Exposed Party will exercise reasonable care to assure the safe custody of all cash held by it as Performance Assurance to the extent required by applicable law, and in any event the Exposed Party will be deemed to have exercised reasonable care if it exercises at least the same degree of care as it would exercise with respect to its own property.


More Definitions of Exposed Party

Exposed Party means a Party that, as of any Business Day, has a Net Exposure, as that term is defined in Section 2(b) hereof;
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Exposed Party is defined in Section 10.1.1.; “Net Settlement Amount” is defined in Section 10.3.2.; “Non-Exposed Party” is defined in Section 10.1.1.; “Non-Secured Party” is defined in Section 10.1.1.; “Secured Party” is defined in Section 10.1.1.
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Related to Exposed Party

  • Exposed person means any person wholly or partially in a danger zone;

  • Exposed group means all employees at a work location, working area, or a common area at work, where an employee COVID-19 case was present at any time during the high-risk exposure period. A common area at work includes bathrooms, walkways, hallways, aisles, break or eating areas, and waiting areas. The following exceptions apply:

  • Politically Exposed Person means any individuals connected to any prominent public functions, as well as their immediate family members and close associates.

  • Politically Exposed Persons means:

  • Exposed conductive part means the conductive part which can be touched under the provisions of the protection degree IPXXB and which is not normally energized, but which can become electrically energized under isolation failure conditions. This includes parts under a cover that can be removed without using tools.

  • Exposed workplace means any work location, working area, or common area at work used or accessed by a COVID-19 case during the high-risk period, including bathrooms, walkways, hallways, aisles, break or eating areas, and waiting areas. The exposed workplace does not include buildings or facilities not entered by a COVID-19 case.

  • Exposed means not installed underground or "concealed" as defined above.

  • domestic politically exposed person means a natural person who is or has been entrusted domestically with prominent public functions;

  • Released Party means collectively, and in each case in its capacity as such:

  • Receiving Party Personnel has the meaning set forth in Section 37(d).

  • Unlicensed person means any person who is not a licensed dealer under this chapter.

  • Licensed person means an individual who is licensed or otherwise legally authorized to practice a professional service by a court, department, board, commission, or an agency of this state or another jurisdiction, any corporation or professional services corporation all of whose shareholders are licensed persons, any partnership all of whose partners are licensed persons, or any limited liability company all of whose members and managers are licensed persons.

  • Respondent Party has the meaning set forth in Section 7.6(b).

  • Non-Party Affiliates means each former, current or future officer, director, employee, partner, member, manager, direct or indirect equityholder or affiliate of the Company, Electriq Power or any of the respective affiliates or any of their respective subsidiaries, control persons, officers, directors, employees, partners, agents or representatives or any family member of the foregoing.

  • Released Person means any person who is released on bail or on his personal bond, as the case may be;

  • Independent Third Party means any Person who, immediately prior to a contemplated transaction, does not own in excess of 5% of the Company’s Common Units on a fully-diluted basis (a “5% Owner”), who is not controlling, controlled by or under common control with any such 5% Owner and who is not the spouse or descendant (by birth or adoption) of any such 5% Owner or a trust for the benefit of such 5% Owner and/or such other Persons.

  • Independent Party means, with respect to a BDC Downstream Fund, (i) if the BDC Downstream Fund has a board of directors (or the equivalent), the board or (ii) if the BDC Downstream Fund does not have a board of directors (or the equivalent), a transaction committee or advisory committee of the BDC Downstream Fund.

  • Seriously disturbed person means a person who:

  • Interested Party means a person:

  • Restricted Person shall have the meaning assigned to such term in Section 6.9(i).

  • Covered Party has the meaning assigned to it in Section 9.21.

  • Indemnified Party’s Group means the Seller Group (with respect to a Seller Indemnified Party) or the Purchaser Group (with respect to a Purchaser Indemnified Party).

  • Supervised Persons for purposes of this Code means:

  • Restricted Parties has the meaning set forth in Section 6.15(a).

  • Affiliated Party means, with respect to any Purchaser, any person or entity which, directly or indirectly, controls, is controlled by or is under common control with such Purchaser, including, without limitation, any general partner, officer or director of such Purchaser and any venture capital fund now or hereafter existing which is controlled by one or more general partners of, or shares the same management company as, such Purchaser.

  • Restricted Party means a person that is: