Common use of Notice for Settlement of Automatically Closed-Out Agreements Clause in Contracts

Notice for Settlement of Automatically Closed-Out Agreements. If all of the Principal Agreements have Closed Out automatically by their terms, the Settlement Amount under each such Principal Agreement shall be settled at the times and in the manner set forth in Sections 3.3 and 4 hereof if the Closing-Out Party so specifies in a notice to the Closed-Out Party promptly after all Principal Agreements are Closed Out. Each Principal Agreement is hereby amended accordingly.

Notice for Settlement of Automatically Closed-Out Agreements. If all of the Principal Agreements between a Party A Entity and Party B have Closed Out automatically by their terms, the Settlement Amount under each such Principal Agreement shall be settled at the times and in the manner set forth in Sections 3.3 and 4 hereof if the Closing-Out Designated Party A Entity so specifies in a notice to the Closed-Out Party B promptly after all Principal Agreements are Closed Out. Each Principal Agreement is hereby amended accordingly.

Notice for Settlement of Automatically Closed-Out Agreements. If all of the Principal Agreements have Closed Out automatically by their terms, the Settlement Amount under each such Principal Agreement shall be settled at the times and in the manner set forth in Sections 3.3 and 4 hereof if the Closing-Out Designated Party A Entity so specifies in a notice to the Closed-Out Party B promptly after all Principal Agreements are Closed Out. Each Principal Agreement is hereby amended accordingly.