Common use of Netting Clause in Contracts

Netting. If Buyer and Seller are each required to pay amounts hereunder on the same day, then such amounts with respect to each Party shall be aggregated and the Parties shall discharge their obligations to pay through netting, in which case the Party, if any, owing the greater aggregate amount shall pay to the other Party the difference between the amounts owed as provided in Section 3 above.

Appears in 35 contracts

Samples: Confirmation Agreement, Confirmation Agreement, Confirmation Agreement

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Netting. If In the event that Buyer and Seller are each required to pay amounts hereunder on an amount in the same dayMonth hereunder, then such amounts with respect to each Party shall may be aggregated and the Parties shall may discharge their obligations to pay through netting, in which case the Party, if any, owing the greater aggregate amount shall may pay to the other Party the difference between the amounts owed as provided in Section 3 aboveowed.

Appears in 18 contracts

Samples: Master Firm Purchase/Sale Agreement, Master Firm Purchase/Sale Agreement, Master Firm Purchase/Sale Agreement

Netting. If Buyer and Seller are each required to pay amounts hereunder on the same dayhereunder, then such amounts with respect to each Party shall be aggregated and the Parties shall discharge their obligations to pay through netting, in which case the Party, if any, owing the greater aggregate amount shall pay to the other Party the difference between the amounts owed as provided in Section 3 above.

Appears in 3 contracts

Samples: Confirmation Agreement, Confirmation Agreement, Confirmation Agreement

Netting. If In the event that Buyer and Seller are each required hereunder to pay amounts hereunder on an amount in the same dayMonth, then such amounts with respect to each Party shall be aggregated and the Parties shall discharge their obligations to pay through netting, in which case the Party, if any, Party owing the greater aggregate amount shall pay to the other Party the difference between the amounts owed as provided in Section 3 aboveowed.

Appears in 2 contracts

Samples: Master Firm Gas Purchase/Sale Agreement, Gas Purchase/Sale Agreement

Netting. If Buyer and Seller are each required to pay amounts hereunder on the same dayday for any one or more transactions hereunder, then such amounts with respect to each Party shall be aggregated and the Parties shall discharge their obligations to pay through netting, in which case the Party, if any, owing the greater aggregate amount shall pay to the other Party the difference between the amounts owed as provided in Section 3 above.

Appears in 2 contracts

Samples: Confirmation Agreement, Confirmation Agreement

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Netting. If Seller and Buyer and Seller are each required to pay any amounts in respect of purchases/sales hereunder or under any other contracts between the Parties on the same day, then then, upon notice from one Party to the other, such amounts with respect to each Party shall be aggregated and the Parties shall discharge their obligations to pay through netting, in which case the Party, if any, owing the greater aggregate amount shall pay to the other Party the difference between the amounts owed as provided in Section 3 aboveowed.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Netting. If Buyer and Seller are each required to pay amounts hereunder on the same dayday for any one or more transactions hereunder, then then, upon notice from one Party to the other, such amounts with respect to each Party shall be aggregated and the Parties shall discharge their obligations to pay through netting, in which case the Party, if any, owing the greater aggregate amount shall pay to the other Party the difference between the amounts owed as provided in Section 3 above.

Appears in 1 contract

Samples: Capacity Contract

Netting. If Buyer and Seller are each required to pay amounts hereunder on the same dayday with respect to one or more Transactions, then such amounts with respect to each Party shall be aggregated and the Parties shall discharge their obligations to pay through netting, in which case the Party, if any, owing the greater aggregate amount shall pay to the other Party the difference between the amounts owed as provided in Section 3 above.

Appears in 1 contract

Samples: Confirmation Agreement

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