Common use of Netting Clause in Contracts

Netting. The Non-Defaulting Party shall aggregate the following amounts so that all such amounts are netted into a single liquidated amount payable to or by the Non-Defaulting Party: (x) the sum of the Closing Gains for all Value Dates (discounted to present value, where appropriate, in accordance with the provisions of Section 8.1(b)(ii)) (which for the purposes of the aggregation shall be a positive figure); and (y) the sum of the Closing Losses for all Value Dates (discounted to present value, where appropriate, in accordance with the provisions of Section 8.1(b)(ii)) (which for the purposes of the aggregation shall be a negative figure).

Netting. The Non-Defaulting Party shall aggregate the following amounts so that all such amounts are netted into a single liquidated amount payable to or by the Non-Defaulting Party: (x) the sum of the Closing Gains for all Value Dates (discounted to present value, where appropriate, in accordance with the provisions of Section 8.1(b)(ii5.1(b)(ii)) (which for the purposes of the this aggregation shall be a positive figure); and (y) the sum of the Closing Losses for all Value Dates (discounted to present value, where appropriate, in accordance with the provisions of Section 8.1(b)(ii5.1(b)(ii)) (which for the purposes of the aggregation shall be a negative figure).

Netting. The Non-Defaulting Party shall aggregate the following amounts so that all ------- such amounts are netted into a single liquidated amount payable to or by the Non-Defaulting Party: (x) the sum of the Closing Gains for all Value Dates (discounted to present value, where appropriate, in accordance with the provisions of Section 8.1(b)(ii5.1(b)(ii)) (which for the purposes of the this aggregation shall be a positive figure); and (y) the sum of the Closing Losses for all Value Dates (discounted to present value, where appropriate, in accordance with the provisions of Section 8.1(b)(ii5.1(b)(ii)) (which for the purposes of the aggregation shall be a negative figure).

Netting. The Non-Defaulting Nondefaulting Party shall aggregate the following amounts so that all such amounts are netted into a single liquidated amount payable to or by the Non-Defaulting Nondefaulting Party: (xA) the sum of the Closing Gains for all Value Settlement Dates (discounted to present value, where appropriate, in accordance with the provisions of Section 8.1(b)(ii6.1(b)(ii)) (which for the purposes of the aggregation shall be a positive figure); and (yB) the sum of the Closing Losses for all Value Settlement Dates (discounted to present value, where appropriate, in accordance with the provisions of Section 8.1(b)(ii6.1(b)(ii)) (which for the purposes of the aggregation shall be a negative figure).