Application to Master Agreements Clause Samples
The 'Application to Master Agreements' clause defines how the terms and conditions of a specific agreement apply to one or more master agreements between the parties. Typically, this clause clarifies whether the provisions of the current contract supplement, override, or are incorporated into existing or future master agreements, and may specify the scope of transactions or relationships covered. Its core function is to ensure consistency and avoid conflicts between individual agreements and overarching master agreements, thereby providing clarity and reducing the risk of contractual disputes.
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Application to Master Agreements. For the avoidance of doubt, Clause 21.4 does not apply in respect of sums due from the Borrower to a Swap Counterparty under or in connection with a Master Agreement as to which sums the provisions of section 8 (Contractual Currency) of that Master Agreement shall apply.
Application to Master Agreements. For the avoidance of doubt, this Clause 7 does not apply to any amount payable under a Master Agreement in respect of any continuing Designated Transaction as to which section 2(e) (Default Interest; Other Amounts) of that Master Agreement shall apply.
Application to Master Agreements. For the avoidance of doubt, Clause 7 does not apply in respect of sums due from the Borrowers to a Swap Counterparty under or in connection with a Master Agreement as to which sums the provisions of section 8 (Contractual Currency) of that Master Agreement shall apply.
Application to Master Agreements. For the avoidance of doubt, Clause 23 (No Set-Off or Tax Deduction) does not apply in respect of sums due from the Borrower to a Swap Counterparty under or in connection with a Master Agreement as to which sums the provisions of section 2(d) (Deduction or Withholding for Tax) of that Master Agreement shall apply.
Application to Master Agreements. For the avoidance of doubt, Clause 21.4 (Currency indemnity) does not apply in respect of sums due from Euronav to a Swap Counterparty under or in connection with a Master Agreement as to which sums the provisions of section 8 (Contractual Currency) of that Master Agreement shall apply.