Common use of Effects of Close-Out Clause in Contracts

Effects of Close-Out. With respect to any Transaction that is closed out by us pursuant to or as contemplated by the terms of the Trading Agreement: 3.4.1. except as may be otherwise specified in this Trading Agreement, the Closing Date will be the date designated by us to you and at a closing price as determined by us. 3.4.2. no further payments or deliveries are required to be made on or after the Closing Date, except for settlement payments as provided below; and 3.4.3. all amounts payable by either party in settlement of such Transaction are immediately due and payable. All obligations arising or existing between us because of the close-out of one or more Transactions will be satisfied by the net settlement (whether by payment, set-off or otherwise) of all amounts due and payable between us, and the net amount determined to be payable by either party will be immediately due and payable.

Effects of Close-Out. With respect to any Transaction that is closed out by us pursuant to or as contemplated by the terms of the Trading Agreement: 3.4.14.4.1. except as may be otherwise specified in this Trading Agreement, the Closing Date will be the date designated by us to you and at a closing price as determined by us.; 3.4.24.4.2. no further payments or deliveries are required to be made on or after the Closing Date, except for settlement payments as provided below; and 3.4.34.4.3. any and all amounts payable by either party in settlement of such Transaction are immediately due and payable. All Any and all obligations arising or existing between us because as a result of the close-out of one or more Transactions will be satisfied by the net settlement (whether by payment, set-off or otherwise) of all amounts due and payable between us, and the net amount determined to be payable by either party will be immediately due and payable.

Effects of Close-Out. With respect to any Transaction that is closed out by us pursuant to or as contemplated by the terms of the Trading Agreement: 3.4.1. except as may be otherwise specified in this Trading Agreement, the Closing Date will be the date designated by us to you and at a closing price as determined by us.; 3.4.2. no further payments or deliveries are required to be made on or after the Closing Date, except for settlement payments as provided below; and 3.4.3. all amounts payable by either party in settlement of such Transaction are immediately due and payable. All obligations arising or existing between us because of the close-out of one or more Transactions will be satisfied by the net settlement (whether by payment, set-off or otherwise) of all amounts due and payable between us, and the net amount determined to be payable by either party will be immediately due and payable.

Effects of Close-Out. With respect to any Transaction that is closed out by us pursuant to or as contemplated by the terms of the Trading Customer Agreement: 3.4.1. (a) except as may be otherwise specified in this Trading Customer Agreement, the Closing Date will be the date designated by us to you and at a closing price as determined by us.; 3.4.2. (b) no further payments or deliveries are required to be made on or after the Closing Date, except for settlement payments as provided below; and 3.4.3. (c) any and all amounts payable by either party in settlement of such Transaction are immediately due and payable. All Any and all obligations arising or existing between us because as a result of the close-out of one or more Transactions will be satisfied by the net settlement (whether by payment, set-off or otherwise) of all amounts due and payable between us, and the net amount determined to be payable by either party will be immediately due and payable.

Effects of Close-Out. With respect to any Transaction that is closed out by us pursuant to or as contemplated by the terms of the Trading Agreement: 3.4.14.4.1. except as may be otherwise specified in this Trading Agreement, the Closing Date will be the date designated by us to you and at a closing price as determined by us. 3.4.24.4.2. no further payments or deliveries are required to be made on or after the Closing Date, except for settlement payments as provided below; and 3.4.34.4.3. all amounts payable by either party in settlement of such Transaction are immediately due and payable. All obligations arising or existing between us because of the close-out of one or more Transactions will be satisfied by the net settlement (whether by payment, set-off or otherwise) of all amounts due and payable between us, and the net amount determined to be payable by either party will be immediately due and payable.