Effects of Close. Out 20.6.1. no further payments or deliveries are required to be made on or after the Closing Date, except for settlement payments pursuant to clause 20.6.3 below; and 20.6.2. any and all amounts payable by either party in settlement of such CFD Transaction are immediately due and payable. 20.6.3. Without prejudice to the provisions of clause 20.6.1 and 20.6.2 above, any and all obligations arising or existing between us as a result of the close-out of one or more CFD 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.
Appears in 8 contracts
Samples: Client Service Agreement, Client Service Agreement, Client Service Agreement
