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.
Appears in 5 contracts
Samples: International Foreign Exchange Master Agreement (Witter Dean Spectrum Technical Lp), International Foreign Exchange Master Agreement (Witter Dean Spectrum Technical Lp), International Foreign Exchange Master Agreement (Witter Dean Select Futures Fund 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.
Appears in 1 contract
Samples: International Foreign Exchange Master Agreement (Ashworth Inc)
