Common use of Payment Netting Clause in Contracts

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. If on any date any amounts in respect of one or more Transactions would otherwise be payable in the same Currency currency in respect of any Transactions by one each Party to the other, then, on such date, each Party's ’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 party exceeds the aggregate amount that would otherwise have been payable by the other Partyparty, replaced by an obligation upon the Party party by which whom the larger aggregate amount would have been payable to pay to the other Party party the excess of the larger aggregate amount over the smaller aggregate amount.”

Payment Netting. If on any date any amounts in respect of one or more Transactions would otherwise be payable in the same Currency currency in respect of any Transactions by one 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 party exceeds the aggregate amount that would otherwise have been payable by the other Partyparty, replaced by an obligation upon the Party party by which whom the larger aggregate amount would have been payable to pay to the other Party party the excess of the larger aggregate amount over the smaller aggregate amount.”

Payment Netting. If on any date amounts in respect of one or more FX Transactions would otherwise be payable in the same Currency by one Party to the other, then, on such date, each Party's ’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. If on any date amounts in respect of one (other than Delivery Amounts or more Transactions Return Amounts) would otherwise be payable in the same Currency by one each Party to the otherother in respect of this Agreement or any other Transaction Document, then, on such date, then each Party's ’s obligation to make payment of any such amount will be automatically satisfied and discharged through netting, and, if the aggregate amount that would otherwise have been payable by one Party party exceeds the aggregate amount that would otherwise have been payable by the other Party, replaced by an obligation upon the Party by which 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.