Calculating Closing Gain or Loss. The Non-Defaulting Party shall calculate in good faith, with respect to each such terminated Currency Obligation, except to the extent that in the good faith opinion of the Non-Defaulting Party certain of such Currency Obligations may not be liquidated as provided herein under applicable law, as of the Close-Out Date or as soon thereafter as reasonably practicable, the Closing Gain, or, as appropriate, the Closing Loss, as follows:
Appears in 51 contracts
Samples: Master Agreement (BHM Discretionary Futures Fund L.P.), Master Agreement (Morgan Stanley Managed Futures LV, L.P.), Master Agreement (Morgan Stanley Spectrum Technical Lp)
Calculating Closing Gain or Loss. The Non-Non- Defaulting Party shall calculate in good faith, with respect to each such terminated Currency Obligation, except to the extent that in the good faith opinion of the Non-Defaulting Party certain of such Currency Obligations may not be liquidated as provided herein under applicable law, as of the Close-Out Date or as soon thereafter as reasonably practicable, the Closing Gain, or, as appropriate, the Closing Loss, as follows:
Appears in 6 contracts
Samples: Master Agreement (Witter Dean Diversified Futures Fund Ii L P), Master Agreement (Dean Witter Portfolio Strategy Fund Lp), Master Agreement (Columbia Futures Fund)
Calculating Closing Gain or Loss. The Non-Defaulting Nondefaulting Party shall calculate in good faith, with respect to each such terminated Currency Obligation, except to the extent that in the good faith opinion of the Non-Defaulting Non- defaulting Party certain of such Currency Obligations may not be liquidated as provided pro- vided herein under applicable law, as of the Close-Out Closeout Date or as soon thereafter as reasonably practicable, the Closing Gain, or, as appropriate, the Closing Loss, as follows:
Appears in 2 contracts
Samples: Ifxco Terms, 2004 Master Agreement
Calculating Closing Gain or Loss. The Non-Defaulting ------------------------------------ Party shall calculate in good faith, with respect to each such terminated Currency Obligation, except to the extent that in the good faith opinion of the Non-Defaulting Party certain of such Currency Obligations may not be liquidated as provided herein under applicable law, as of the Close-Out Date or as soon thereafter as reasonably practicable, the Closing Gain, or, as appropriate, the Closing Loss, as follows:
Appears in 1 contract
Samples: Master Agreement (Dean Witter Global Perspective Portfolio L P)
Calculating Closing Gain or Loss. The Non-Defaulting Nondefaulting Party shall calculate in good faith, with respect to each such terminated Currency Obligation, except to the extent that in the good faith opinion of the Non-Defaulting Nondefaulting Party certain of such Currency Obligations may not be liquidated as provided herein under applicable law, as of the Close-Out Closeout Date or as soon thereafter as reasonably practicable, the Closing Gain, or, as appropriate, the Closing Loss, as follows:: IFXCO TERMS 89
Appears in 1 contract
Samples: Option Master Agreement
Calculating Closing Gain or Loss. The Non-Defaulting Nondefaulting Party shall calculate in good faith, with respect to each such terminated Currency Obligation, except to the extent that in the good faith opinion of the Non-Defaulting Nondefaulting Party certain of such Currency Obligations may not be liquidated as provided herein under applicable law, as of the Close-Out Closeout Date or as soon thereafter as reasonably practicable, the Closing Gain, or, as appropriate, the Closing Loss, as follows:
Appears in 1 contract
Samples: Option Master Agreement
