Interpretation and Headings. The Parties intend that this Agreement constitutes and should be deemed to be a “master setoff agreement” and that the Parties are and should be deemed to be “master setoff agreement participants” within the meaning of and as such terms are used in any law, rule, regulation, statute, or order applicable to the Parties’ rights herein, whether now or hereafter enacted or made applicable. The use of headings and subheadings in this Agreement, and the division of this Agreement into sections and sub-sections, are for convenience of reference only and shall not affect the interpretation or construction of this Agreement.
Appears in 6 contracts
Samples: Master Setoff and Netting Agreement, Master Setoff and Netting Agreement (Ohio Power Co), Master Setoff and Netting Agreement (Columbus Southern Power Co /Oh/)
Interpretation and Headings. The Parties intend that this Agreement constitutes and should be deemed to be a “"master setoff netting agreement” " and that the Parties are and should be deemed to be “"master setoff netting agreement participants” " within the meaning of and as such terms are used in any law, rule, regulation, statute, statute or order applicable to the Parties’ ' rights herein, whether now or hereafter enacted or made applicable. The use of headings and subheadings in this Agreement, and the division of this Agreement into sections and sub-sections, are for convenience of reference only and shall not affect the interpretation or construction of this Agreement.
Appears in 1 contract
Samples: Master Cross Product Netting, Setoff, and Security Agreement (Newpower Holdings Inc)
