Pre-Agreement Asset Contracts Clause Samples

Pre-Agreement Asset Contracts. Each Pre-Agreement Provisionally Returned Asset Recipient shall: 3.2.1 for the purposes of Part 10, be treated as if: (i) it had not received any Pre-Agreement Provisionally Returned Assets, so that Distributable Trust Assets shall include all Pre-Agreement Provisionally Returned Assets; (ii) it is a Signatory whether or not it is, in fact, a Non-Signatory; and (iii) the amount or value of any Claim finally agreed in the associated Pre-Agreement Asset Contract (if applicable) shall have been determined in accordance with this Agreement; and 3.2.2 for the purposes of Part 7, have a Close-Out Amount and Net Contractual Position for any Financial Contract(s), which is/are the subject of a Pre-Agreement Asset Contract, equal to any value(s) so agreed. 4 Effect of this Agreement on Signatories’ Claims