Common use of Discharge and Termination Clause in Contracts

Discharge and Termination. If agreed in Part V of the Schedule, any Call or any Put written by a Party will automatically be discharged and terminated, in whole or in part, as applicable, against a Call or a Put, respectively, written by the other Party, such discharge and termination to occur automatically upon the payment in full of the last Premium payable in respect of such Options; provided that such discharge and termination may only occur in respect of Options:

Appears in 30 contracts

Samples: Master Agreement (BHM Discretionary Futures Fund L.P.), Master Agreement (Morgan Stanley Spectrum Strategic Lp), Master Agreement (Morgan Stanley Spectrum Technical Lp)

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Discharge and Termination. If agreed in Part V of the ScheduleUnless otherwise agreed, any Call or any Put written by a Party party will automatically be discharged terminated and terminateddischarged, in whole or in part, as applicable, against a Call or a Put, respectively, written by the other Partyparty, such termination and discharge and termination to occur automatically upon the payment in full of the last Premium payable in respect of such OptionsCurrency Option Transactions; provided that such termination and discharge and termination may only occur in respect of OptionsCurrency Option Transactions:

Appears in 15 contracts

Samples: Isda Master Agreement (Orion Futures Fund Lp), Isda Master Agreement (Tactical Diversified Futures Fund L.P.), Isda Master Agreement (Managed Futures Premier Abingdon L.P.)

Discharge and Termination. If agreed in Part V of the Schedule, any Call or any Put written by a Party will automatically be discharged and terminated, in whole or in part, as applicable, against a Call or a Put, respectively, written by the other Party, such discharge and termination to occur automatically upon the payment in full of the last Premium payable in respect of such Options; provided PROVIDED that such discharge and termination may only occur in respect of Options:

Appears in 5 contracts

Samples: Foreign Exchange and Options Master Agreement (Morgan Stanley Dean Witter Spectrum Select Lp), Foreign Exchange and Options Master Agreement (Dean Witter Spectrum Global Balanced Lp), Foreign Exchange and Options Master Agreement (Witter Dean Spectrum Strategic Lp)

Discharge and Termination. If agreed in Part V of the Schedule, any Any Call or any Put written by a Party will shall automatically be discharged and terminated, in whole or in part, as applicable, against a Call or a Put, respectively, written by the other Party, such discharge and termination to occur automatically upon the payment pay- ment in full of the last Premium payable in respect of such OptionsCurrency Option Transactions; provided that such discharge and termination may only occur in respect of OptionsCurrency Option Transactions:

Appears in 1 contract

Samples: Option Master Agreement

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Discharge and Termination. If agreed in Part V of the Schedule, any Any Call or any Put written by a Party will shall automatically be discharged and terminated, in whole or in part, as applicable, against a Call or a Put, respectively, written by the other Party, such discharge and termination to occur automatically auto- matically upon the payment in full of the last Premium payable in respect of such OptionsCurrency Option Transactions; provided that such discharge dis- charge and termination may only occur in respect of OptionsCurrency Option Transactions:

Appears in 1 contract

Samples: 2004 Master Agreement

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