Payment Netting. If on any delivery date more than one delivery of a currency is due, each party shall aggregate the amounts deliverable and only the difference shall be delivered.
Payment Netting. Each Party may set off unpaid amounts against payments otherwise payable to the other Party hereunder.
Payment Netting. If this § 22.3 is specified as applying in Section B of Part I (Individual Terms), if on any day the Parties are each required to pay one or more amounts in the same currency (for which purpose all EURO currencies shall be considered a single currency) then such amounts with respect to each Party shall be aggregated and the Parties shall discharge their respective payment obligations through netting, in which case the Party, if any, owing the greater aggregate amount shall pay the other Party the difference between the amounts owed.
Payment Netting. All FX Transactions you instruct us to enter into are subject to payment netting. Where you instruct us to enter into an FX Transaction with the same currency and Settlement Date as an existing FX Transaction each party shall aggregate the amounts of such currency to be delivered to the other party. Only the difference between these aggregate amounts shall be delivered by the party who owes the larger aggregate amount to the other party. On the date the aggregate amount is delivered each party’s obligation to make payment of such original amounts will thereby be automatically satisfied and discharged. If the aggregate amounts are equal no delivery of that currency shall be made.
Payment Netting. If on any date amounts in respect of one or more Transactions would otherwise be payable in the same Currency by one Party to the other, then, on such date, each Party's obligation to make payment of any such amount will be automatically satisfied and discharged and, if the aggregate amount that would otherwise have been payable by one Party exceeds the aggregate amount that would otherwise have been payable by the other Party, replaced by an obligation upon the Party by which the larger aggregate amount would have been payable to pay to the other Party the excess of the larger aggregate amount over the smaller aggregate amount.
Payment Netting. [ ] § 22.3 shall apply; otherwise § 22.3 shall not apply
Payment Netting. If on any Currency Settlement Date more than one delivery of a particular currency is to be made between the Client and the same Xxxxxx Xxxxxxx Company in respect of a FX Transaction, then each such party will aggregate the amounts of such currency deliverable by it and only the difference between those aggregate amounts will be delivered, by the party owing the larger aggregate amount to the other party, and, if the aggregate amounts are equal, no delivery of that currency will be made.
Payment Netting. The Parties agree to net amounts that are due to each other on the same Payment Due Date in respect of purchases and sales of LCFS Credits, and the Parties shall confirm at least two (2) New York Banking Days prior to the Payment Due Date, orally or in writing, the payment obligations owed in respect of purchases and sales of LCFS Credits and any and all amounts remaining due after net-out. Any remaining balance after net-out shall be paid by the Party owing such amount to the other Party on the applicable Payment Due Date. The owing Party’s payment of a net amount shall satisfy each Party’s payment obligations under the relevant Transactions in respect of the payment obligations in respect of purchases and sales of LCFS Credits included in the settlement on a Payment Due Date. The Parties understand and agree that such netting of payment obligations is expressly limited to amounts owed from purchases and sales of LCFS Credits between the Parties and that netting out any other amounts due in respect of any Transaction or any Other Trading Agreement or any other agreement, instrument or undertaking, for any reason whatsoever, including amounts due in respect of interest payments, is strictly prohibited unless otherwise agreed in writing.
Payment Netting. PJM will provide to AEP one or more invoices which shall be combined to comprise a single net xxxx for all activities, Transactions and/or Obligations incurred by the AEP Parties under the Documents during each billing period.
Payment Netting. Subject to the Bank in its sole and absolute discretion allowing payment netting by the Customer, if on any date amounts would otherwise be payable:
(i) in the same currency; and
(ii) in respect of one or more FX Contracts, by each party to the other, then, on such date, each party’s obligation to make payment of any such amount will be automatically satisfied and discharged and, if the aggregate amount that would otherwise have been payable by one party exceeds the aggregate amount that would otherwise have been payable by the other party, replaced by an obligation upon the party by whom the larger aggregate amount would have been payable to pay to the other party the excess of the larger aggregate amount over the smaller aggregate amount.
