Common use of Closeout Setoff Clause in Contracts

Closeout Setoff. For purposes of Section 9.3, the Parties agree that (select one): [ ] Option A (Bilateral Setoff) is applicable. (Applicable if no other election is made.) [ ] Option B (Triangular Setoff) is applicable. [ ] Option C (Rectangular Setoff) is applicable. [X] Option D (No Setoff) is applicable.

Appears in 4 contracts

Sources: Master Agreement for Purchasing and Selling Low Carbon Fuel Standard Credits, Master Agreement for Purchasing and Selling Low Carbon Fuel Standard Credits, Leap Master Agreement for Purchasing and Selling Low Carbon Fuel Standard Credits

Closeout Setoff. For purposes of Section 9.3, the Parties agree that (select one): [ ] Option A (Bilateral Setoff) is applicable. (Applicable if no other election is made.) [ ] Option B (Triangular Setoff) is applicable. [ ] Option C (Rectangular Setoff) is applicable. [X[ ] Option D (No Setoff) is applicable.

Appears in 4 contracts

Sources: Leap Master Agreement for Purchasing and Selling Oregon Clean Fuels Program Credits, Leap Master Agreement for Purchasing and Selling Oregon Clean Fuels Program Credits, Leap Master Agreement for Purchasing and Selling Low Carbon Fuel Standard Credits