Examples of Non-Defaulting Party in a sentence

The Non-Defaulting Party shall calculate, in a commercially reasonable manner and considering the full period of non-performance from the Early Termination Date through the date of the expiration of the Agreement’s Term, a Termination Payment amount as of the Early Termination Date.
As soon as practicable after a termination, 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.
Notwithstanding any other provision hereof, if an Event of Default or a Potential Event of Default has occurred and is continuing, the Non-Defaulting Party, upon written notice to the Defaulting Party, has the right (a) to suspend performance under this Agreement and (b) to the extent an Event of Default has occurred and is continuing, to exercise any remedy available at law or in equity, except as limited by Section 15.1.
If the Termination Payment is a positive amount, the Defaulting Party shall pay the Termination Payment to the Non-Defaulting Party.
References to Defaulting Party and Non-Defaulting Party in this Section include the Potentially Defaulting Party and Potentially Non-Defaulting Party, as applicable.

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 is defined in Section 5.2.

Non-Defaulting Party means the Party other than the Defaulting Party.

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 means, with respect to the occurrence of any Event of Default, the Party that is not the Defaulting Party in connection with such Event of Default.