Other Agreement Setoffs Do Not Apply. The Non-Defaulting Party shall net or aggregate, as appropriate, any and all amounts owing between the parties under Section 10.3.1, so that all such amounts are netted or aggregated to a single liquidated amount payable by one party to the other (the “Net Settlement Amount”). At its sole option and without prior Notice to the Defaulting Party, the Non-Defaulting Party may setoff any Net Settlement Amount against any margin or other collateral held by a party in connection with any Credit Support Obligation relating to the Contract.
Appears in 27 contracts
Samples: Sale and Purchase Agreement, Base Contract for Sale and Purchase of Natural Gas, Base Contract for Sale and Purchase of Natural Gas
Other Agreement Setoffs Do Not Apply. The Non-Defaulting Party shall net or aggregate, as appropriate, any and all amounts owing between the parties under Section 10.3.1, so that all such amounts are netted or aggregated to a single liquidated amount payable by one party to the other (the “Net Settlement Amount”). At its sole option and without prior Notice notice to the Defaulting Party, the Non-Defaulting Party may setoff any Net Settlement Amount owed to the Non-Defaulting Party against any margin or other collateral held by a party it in connection with any Credit Support Obligation relating to the Contract.
Appears in 3 contracts
Samples: Base Contract for Sale and Purchase of Natural Gas, Base Contract for Short Term Sale and Purchase of Natural Gas, Base Contract for Sale and Purchase of Natural Gas
Other Agreement Setoffs Do Not Apply. The Non-Defaulting Party shall net or aggregate, as appropriate, any and all amounts owing between the parties under Section 10.3.1, so that all such amounts are netted or aggregated to a single liquidated amount payable by one party to the other (the “Net Settlement Amount”). At its sole option and without prior Notice to the Defaulting Party, the Non-Defaulting Party may setoff any Net Settlement Amount owed to the Non-Defaulting Party against any margin or other collateral held by a party it in connection with any Credit Support Obligation relating to the Contract.
Appears in 3 contracts
Samples: Base Contract for Sale and Purchase of Natural Gas (Montauk Renewables, Inc.), Base Contract for Sale and Purchase of Natural Gas (Otter Tail Ag Enterprises, LLC), Base Contract for Sale and Purchase of Natural Gas (Vanguard Natural Resources, LLC)
Other Agreement Setoffs Do Not Apply. The Non-Defaulting Party shall net or aggregate, as appropriate, any and all amounts owing between the parties under Section 10.3.1, so that all such amounts are netted or aggregated to a single liquidated amount payable by one party to the other (the “Net Settlement Amount”). At its sole option option, and without prior Notice to the Defaulting Party, the Non-Defaulting Party may setoff any Net Settlement Amount against any margin or other collateral held by a party in connection with any Credit Support Obligation relating to the Contract.
Appears in 2 contracts
Samples: Base Contract for Sale and Purchase of Natural Gas (Montauk Renewables, Inc.), Base Contract for Sale and Purchase of Natural Gas (Montauk Renewables, Inc.)
Other Agreement Setoffs Do Not Apply. The Non-Defaulting Party shall net or aggregate, as appropriate, any and all amounts owing between the parties under Section 10.3.1, so that all such amounts are netted or aggregated to a single liquidated amount payable by one party to the other (the “"Net Settlement Amount”"). At its sole option and without prior Notice to the Defaulting Party, the Non-Defaulting Party may setoff any Net Settlement Amount against any margin or other collateral held by a party in connection with any Credit Support Obligation relating to the Contract.
Appears in 1 contract
Samples: Base Contract for Sale and Purchase of Natural Gas (Corning Natural Gas Corp)
Other Agreement Setoffs Do Not Apply. The Non-Defaulting Party shall net or aggregate, as appropriate, any and all amounts owing between the parties under Section 10.3.1, so that all such amounts are netted or aggregated to a single liquidated amount payable by one party to the other ({the “Net Settlement Amount”). At its sole option and without prior Notice to the Defaulting Party, the Non-Defaulting Party may setoff any Net Settlement Amount against any margin or other collateral held by a party in connection with any Credit Support Obligation relating to the Contract.
Appears in 1 contract
Samples: Base Contract for Sale and Purchase of Natural Gas (Montauk Renewables, Inc.)
Other Agreement Setoffs Do Not Apply. The Non-Defaulting Party shall net or aggregate, as appropriate, any and all amounts owing between the parties under Section 10.3.1, so that all such amounts are netted or aggregated to a single liquidated amount payable by one party to the other (the “"Net Settlement Amount”"). At its sole option and without prior Notice to the Defaulting Party, the Non-Defaulting Party may setoff set off any Net Settlement Amount owed to the Non-Defaulting Party against any margin or other collateral held by a party it in connection with any Credit Support Obligation relating to the Contract.
Appears in 1 contract
Samples: Standard Agreement
Other Agreement Setoffs Do Not Apply. The Non-Defaulting Non&$45;Defaulting Party shall net or aggregate, as appropriate, any and all amounts owing between the parties under Section 10.3.1, so that all such amounts are netted or aggregated to a single liquidated amount payable by one party to the other (the “"Net Settlement Amount”"). At its sole option and without prior Notice to the Defaulting Party, the Non-Defaulting Non&$45;Defaulting Party may setoff any Net Settlement Amount owed to the Non&$45;Defaulting Party against any margin or other collateral held by a party it in connection with any Credit Support Obligation relating to the Contract.
Appears in 1 contract
Samples: Base Contract for Sale and Purchase of Natural Gas (Corning Natural Gas Corp)
Other Agreement Setoffs Do Not Apply. The Non-Defaulting Party shall net or aggregate, as appropriate, any and all amounts owing between the parties under Section 10.3.1, so that all such amounts are netted or aggregated to a single liquidated amount payable by one party to the other (the “"Net Settlement Amount”"). At its sole option and without prior Notice to the Defaulting Party, the Non-Defaulting Party may setoff any Net Settlement Amount owed to the Non-Defaulting Party against any margin or other collateral held by a party it in connection with any Credit Support Obligation relating to the Contract.
Appears in 1 contract
Samples: Base Contract for Sale and Purchase of Natural Gas (Corning Natural Gas Corp)
Other Agreement Setoffs Do Not Apply. The Nonnon-Defaulting Party defaulting party shall net or aggregate, as appropriate, any and all amounts owing between the parties under Section 10.3.17.1, so that all such amounts are netted or aggregated to a single liquidated amount payable by one party to the other (the “Net Settlement Amount”). At its sole option and without prior Notice to the Defaulting Partydefaulting party, the Nonnon-Defaulting Party defaulting party may setoff any Net Settlement Amount against any margin or other collateral held by a party it in connection with any Credit Support Obligation relating to the Contract.
Appears in 1 contract
Samples: Base Contract
Other Agreement Setoffs Do Not Apply. The Non-Defaulting Party shall net or aggregate, as appropriateappropriate , any and all amounts owing between the parties under Section 10.3.1, so that all such amounts are netted or aggregated to a single liquidated amount payable by one the party to the other (the “Net Settlement Amount”). At its sole option and without prior Notice to the Defaulting Party, the Non-Defaulting Party may setoff any Net Settlement Amount owed to the Non-Defaulting Party against any margin or other collateral held by a party it in connection with any Credit Support Obligation relating to the Contract.
Appears in 1 contract
Samples: Base Contract for Sale and Purchase of Natural Gas (Montauk Renewables, Inc.)