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

Samples: Master Agreement, Master Agreement, Leap Master Agreement

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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

Samples: Leap Master Agreement, Leap Master Agreement, Leap Master Agreement

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