Common use of Netting Clause in Contracts

Netting. Any Transaction to which this Module applies shall, subject as follows, be deemed included in the definition of "Netting Transaction" for the purposes of this Agreement and subject to termination and liquidation under the clause headed "Netting" (the "Netting Clause") following an Event of Default. The Netting Clause shall not apply to any Transaction in OTC Derivatives to the extent that such Transaction has become subject to netting under the terms of an ISDA Master Agreement in place between us.

Netting. Any Transaction to which this Module applies shall, subject as follows, be deemed included in the definition of "Netting Transaction" for the purposes of this Agreement and subject to termination and liquidation under the clause headed "Netting" (the "Netting Clause") following an Event of Default. The Netting Clause shall not apply to any Transaction in OTC Derivatives Fixed Income Securities to the extent that such Transaction has become subject to close-out netting under the terms of an ISDA Master Agreement a GMRA in place between us.

Netting. Any Transaction to which this Module applies shall, subject as follows, be deemed included in the definition of "Netting Transaction" for the purposes of this Agreement and subject to termination and liquidation under the clause headed "Netting" (the "Netting Clause") following an Event of Default. The Netting Clause shall not apply to any Transaction in OTC Derivatives to the extent that such action which conflicts with or overrides the provisions of the Netting Clause has been started in relation to that Transaction has become subject to netting by a Market or clearing organisation under the terms of an ISDA Master Agreement in place between usApplicable Regulations and is continuing.

Netting. Any Transaction to which this Module applies shall, subject as follows, be deemed included in the definition of "Netting Transaction" for the purposes of this Agreement and subject to termination and liquidation under the clause headed "Netting" (the "Netting Clause") following an Event of Default. The Netting Clause shall not apply to any Transaction in OTC Derivatives Equity Securities to the extent that such Transaction has become subject to close-out netting under the terms of an ISDA Master Agreement a GMSLA in place between us.

Netting. Any Transaction to which this Module applies shall, subject as follows, shall be deemed included in the definition of "“Netting Transaction" ” for the purposes of this Agreement and subject to termination termina­ tion and liquidation under the clause headed "“Netting" (the "Netting Clause") ” following an Event of Default. The Netting Clause shall not apply to any Transaction in OTC Derivatives to the extent that such Transaction has become subject to netting under the terms of an ISDA Master Agreement in place between us.

Netting. Any Transaction to which this Module applies shall, subject as follows, be deemed included in the definition of "“Netting Transaction" ” for the purposes of this Agreement and subject to termination and liquidation under the clause headed "“Netting" ” (the "“Netting Clause"”) following an Event of Default. The Netting Clause shall not apply to any Transaction in OTC Derivatives Trans­ action to the extent that such action which conflicts with or over­ rides the provisions of the Netting Clause has been started in relation to that Transaction has become subject to netting by a Market or clearing organisa­ tion under the terms of an ISDA Master Agreement in place between usApplicable Regulations and is continuing.

Netting. Any Transaction to which this Module applies shall, subject as follows, be deemed included in the definition of "“Netting Transaction" ” for the purposes of this Agreement and subject to termination and liquidation under the clause headed "Netting" “Net­ ting” (the "“Netting Clause"”) following an Event of Default. The Netting Clause shall not apply to any Transaction in OTC Derivatives to the extent that such action which conflicts with or overrides the provi­ sions of the Netting Clause has been started in relation to that Transaction has become subject to netting by a Market or clearing organisation under the terms of an ISDA Master Agreement in place between usApplicable Regulations and is continuing. 2.1 Matching trades