Non-Defaulting Member definition
Non-Defaulting Member means a Member who is not a Defaulting Member.
Non-Defaulting Member the meaning set forth in Section 4.3(a).
Non-Defaulting Member has the meaning set forth in Section 9.1.
Examples of Non-Defaulting Member in a sentence
Default Loans shall be repaid out of and in priority to any distributions that would otherwise be made to the Defaulting Member, as more fully provided in Section 3.02(f); provided that, so long as a Default Loan is outstanding, the Defaulting Member shall have the right to repay to the Non-Defaulting Member all or any portion of the Default Loan (together with interest then due and owing).
More Definitions of Non-Defaulting Member
Non-Defaulting Member shall have the meaning given in Section 3.4(D).
Non-Defaulting Member shall have the meaning specified in Article 28.3.
Non-Defaulting Member is defined in Section 3.3.
Non-Defaulting Member is defined in Section 7.01.
Non-Defaulting Member means any Member with respect to which a Bad Act Termination Event is not then continuing.
Non-Defaulting Member is defined in Section 2.2.1.
Non-Defaulting Member is defined in Section 10.01(b).