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 33 contracts
Samples: Confirmation Agreement, Confirmation Agreement, Confirmation Agreement
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: Purchase/Sale Agreement, Sale Agreement, 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 2 contracts
Samples: Confirmation Agreement, www.ipa-energyrfp.com
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, Master Firm 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
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: Agreement for the Purchase and Sale
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: www.levitan.com
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