Glossary Term: Non-paying BSC Debtor
On any Payment Date (such date, in respect of the Settlement Day to which it relates, the “Affected Date”) the FAA has been notified by a Settlement Bank or it otherwise has reason to believe there will be an Amount in Default in respect of any BSC Debtor (the “Non-paying BSC Debtor”); has the meaning given to that term in Section N9.2.1;