Other FX Transactions. Where close-out and liquidation occurs in accordance with Section 5.1, the Non-Defaulting Party shall also be entitled to close-out and liquidate, to the extent permitted by applicable law, any other FX Transactions entered into between the Parties which are then outstanding in accordance with provisions of Section 5.1, as if each obligation of a Party to deliver a Currency thereunder were a Currency Obligation.
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Samples: Master Agreement (Witter Dean Spectrum Technical Lp), Master Agreement (Witter Dean Spectrum Strategic Lp), Master Agreement (Witter Dean Spectrum Technical Lp)
Other FX Transactions. Where close-out and liquidation occurs in accordance with Section 5.1, the Non-Non Defaulting Party shall also be entitled to close-out and liquidate, to the extent permitted by applicable law, any other FX Transactions entered into between the Parties which are then outstanding in accordance with the provisions of Section 5.1, as if each obligation of a Party to deliver a Currency thereunder were a Currency Obligation.
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