Common use of Final Netting Clause in Contracts

Final Netting. The Nondefaulting Party shall net (or, if both liquidated amounts are payable by one Party, add) the liquidated amounts payable under Sections 6.1(b) and 6.1(c) with respect to each Party so that such amounts are netted (or added) to a single liquidated amount payable by one Party to the other Party as a settlement payment. 92 FOREIGN EXCHANGE COMMITTEE 2005 ANNUAL REPORT

Appears in 1 contract

Samples: International Foreign Exchange and Currency Option Master Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!