Defaulting Group definition

Defaulting Group has the meaning given to such term in Section 2.02(d).
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Defaulting Group has the meaning set forth in Section 7.3(a) of this Agreement.
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Defaulting Group means (i) Enron Group when a Default has occurred with respect to any Enron Party ("Defaulting Enron Party"), and (ii) Counterparty Group when a Default has occurred with respect to any Counterparty Party ("Defaulting Counterparty Party").
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Examples of Defaulting Group in a sentence

  • Any surplus remaining shall be paid to the Defaulting Party or Defaulting Group, and any deficiency shall remain a debt due from the Defaulting Party or Defaulting Group to the Contributing Parties.

  • The identity of the non-telecom operator third party must be approved by the Defaulting Group, which approval shall not be unreasonably withheld.

  • Upon determination of the Final Settlement Amount, Non-defaulting Group shall provide Defaulting Group with a statement showing the calculation of the Final Settlement Amount.

  • The Unit Operator shall require each Contributing Party to pay its Contributing Share of the costs, attributable to the Defaulting Party or Defaulting Group, of such temporary financing together with any interest which may be payable on the temporary financing and, for the purpose of Article 10.5, such costs together with such interest shall be added to the amount in default.

  • Unit Operator, or any Other Group in case Unit Operator is a member of the Defaulting Group but not a member of an Other Group, as defined below, shall promptly give notice of such default (the “Default Notice”) to each Party.

  • If an Obligation is unascertained, Non-defaulting Group may in good faith estimate that Obligation and setoff in respect of the estimate, subject to accounting to Defaulting Group when the Obligation is ascertained.

  • Any surplus remaining shall be paid to the Defaulting Party or Defaulting Group, as applicable, and any deficiency shall remain a debt due from the Defaulting Party or Defaulting Group to the Contributing Parties.

  • The Defaulting Party or Defaulting Group and other Parties shall use their reasonable endeavors to obtain any necessary consent of the Government and any other necessary consents, and to take any other actions necessary to effect the Transfer.

  • Such options shall be exercised by providing notice of such election to the Defaulting Party or Defaulting Group and each Contributing Party.

  • The Defaulting Party or Defaulting Group shall promptly remove any Encumbrance that may exist on the interest that it is required to Transfer.


More Definitions of Defaulting Group

Defaulting Group means, if a Defaulting Party is a Rescap Obligor, all of the Rescap Parties.
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Defaulting Group has the meaning given to such term in section 11.1;
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Defaulting Group shall have the meaning ascribed thereto in Section 5 hereof.
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Defaulting Group has the meaning ascribed to it in Article 10.1(A).
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Related to Defaulting Group