Non-Controlling Party definition

Non-Controlling Party means the party not controlling the defense of any Third Party Action.

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Non-Controlling Party means, at any time, any Trustee, Liquidity Provider or other Person which is not the Controlling Party at such time.

Non-Controlling Party has the meaning set forth in Section 9.02(c) of this Agreement.

Examples of Non-Controlling Party in a sentence

Except for any costs and expenses incurred by a Non-Controlling Party in the exercise of any participation rights that such Non-Controlling Party possesses with respect to a Tax Contest pursuant to this Article VI, all costs and expenses incurred in connection with the defense of a Tax Contest shall be borne by the Controlling Party.
The failure of the Controlling Party to take any action specified in the preceding sentence with respect to the Non-Controlling Party shall not relieve the Non-Controlling Party of any liability or obligation which it may have to the Controlling Party under this Agreement, and in no event shall such failure relieve the Non-Controlling Party from any other liability or obligation which it may have to the Controlling Party.

Non-Controlling Party has the meaning set forth in Section 5.3(a).

Non-Controlling Party has the meaning set forth in Section 11.1(f).

Non-Controlling Party means, with respect to a Tax Contest, the Party that is not the Controlling Party with respect to such Tax Contest.

Non-Controlling Party has the meaning set forth in Section 8.3(d)(ii).

Non-Controlling Party has the meaning set forth in Section 7.2.2.

Non-Controlling Party means whichever of Seller or Purchaser is not the Controlling Party with respect to such Tax Proceeding.

Non-Controlling Party means, with respect to a Series, at any time, the Secured Party that is not the Controlling Party at such time.