The interpretation of ETS-NOCV for typical covalent and dative-covalent chemical bonds is presented and compared with that for halogen bonds. Possible tuning of the strength of halogen bonding is considered, first by applying an electric field (modeled by the point charges or the electric field vector), and then by constructing a model transition-metal complex with enhanced strength of halogen bonding. For all the systems, the ETS-NOCV picture is supplemented by the analysis of the deformation in molecular electrostatic potential (ΔMEP). The results demonstrate important characteristic features of the analysis based on NOCV: (i) this approach is based on pairs of orbitals with antibonding and bonding character and, thus, allows us to “extract” the “diatomic-like” picture of chemical bonding; (ii) the NOCV-pair contributions to the deformation density often correspond to donation (AB) and back-donation (AB) of electron density between the fragments. The results for halogen bonding demonstrate that it is possible to tune their strength by an electric field in the molecular environment; the halogen-bond energy can reach the order of magnitude typical of dative-covalent bonds. However, the nature of halogen bonds still differs from that of dative-covalent interactions, as the accumulation of electron density between fragments is of significantly lower magnitude. The main effect of the electric field is an increase in the polarization of the fragments, which is clearly manifested by the deformation in the MEP. All calculations were performed using the ADF/AMS package. The BLYP exchange–correlation functional was employed with Grimme’s dispersion correction (D3 version) and Becke-Johnson damping, using TZP basis sets. The deformation in the MEP was determined as jats:inline-formula