Determining Present Value. To the extent permitted by applicable law, the Non-Defaulting Party shall adjust the Closing Gain or Closing Loss for each Value Date falling after the Close-Out Date to present value by discounting the Closing Gain or Closing Loss from and including the Value Date to but excluding the Close-Out Date, at LIBOR with respect to the Non-Defaulting Party's Base Currency as at the Close-Out Date or at such other rate as may be prescribed by applicable law.
Appears in 57 contracts
Samples: Foreign Exchange and Options Master Agreement (Dean Witter Global Perspective Portfolio L P), Foreign Exchange and Options Master Agreement (Witter Dean Cornerstone Fund Iii), Escrow Agreement (Morgan Stanley Dean Witter Charter Grahm Lp)
Determining Present Value. To the extent permitted by applicable law, the Non-Defaulting Party shall adjust the Closing Gain or Closing Loss for each Value Date falling after the Close-Close- Out Date to present value by discounting the Closing Gain or Closing Loss from and including the Value Date to but excluding the Close-Out Date, at LIBOR with respect to the Non-Non- Defaulting Party's Base Currency as at the Close-Close- Out Date or at such other rate as may be prescribed by applicable law.
Appears in 6 contracts
Samples: International Foreign Exchange Master Agreement (Witter Dean Diversified Futures Fund Ii L P), International Foreign Exchange Master Agreement (Dean Witter Portfolio Strategy Fund Lp), International Foreign Exchange Master Agreement (Witter Dean Diversified Futures Fund Iii L P)
Determining Present Value. To the extent permitted by applicable law, the Non-Defaulting Party shall adjust the Closing Gain or Closing Loss for each Value Date falling after the Close-Out Date to present value by discounting the Closing Gain or Closing Loss from and including the Value Date to but excluding the Close-Out Date, at LIBOR with respect to the Non-Defaulting Party's ’s Base Currency as at the Close-Out Date or at such other rate as may be prescribed by applicable law.
Appears in 5 contracts
Samples: Foreign Exchange and Options Master Agreement (BHM Discretionary Futures Fund L.P.), Foreign Exchange and Options Master Agreement (Morgan Stanley Managed Futures LV, L.P.), Foreign Exchange and Options Master Agreement (Morgan Stanley Spectrum Technical Lp)
Determining Present Value. To the extent permitted by applicable law, the Non-Defaulting Party shall adjust the Closing Gain or Closing Loss for each Value Date falling after the Close-Out Date to present value by discounting the Closing Gain or Closing Loss from and including the Value Date to but excluding the Close-Out Date, at LIBOR with respect to the Non-Defaulting Party's Base Currency as at the Close-Close- Out Date or at such other rate as may be prescribed by applicable law.
Appears in 2 contracts
Samples: Foreign Exchange and Options Master Agreement (Dean Witter Global Perspective Portfolio L P), Master Agreement (Morgan Stanley Charter Campbell Lp)
Determining Present Value. To the extent permitted by --------------------------- applicable law, the Non-Defaulting Party shall adjust the Closing Gain or Closing Loss for each Value Date falling after the Close-Out Date to present value by discounting the Closing Gain or Closing Loss from and including the Value Date to but excluding the Close-Out Date, at LIBOR with respect to the Non-Defaulting Party's Base Currency as at the Close-Out Date or at such other rate as may be prescribed by applicable law.
Appears in 1 contract
Samples: International Foreign Exchange Master Agreement (Dean Witter Global Perspective Portfolio L P)
