Common use of Second Method and Loss Clause in Contracts

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 431 contracts

Samples: Master Agreement (Vw Credit Leasing LTD), Long Term Power Purchase Agreement, Long Term Power Purchase Agreement

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Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's ’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 311 contracts

Samples: Swap Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Master Agreement (BMW Fs Securities LLC), Master Agreement (Financial Services Vehicle Trust)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-Non- defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 20 contracts

Samples: Master Agreement, Master Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii), Master Agreement (Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-Non defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 10 contracts

Samples: Master Agreement (Macquarie Securitisation LTD), Master Agreement (Macquarie Securitisation LTD), Master Agreement (Macquarie Securitisation LTD)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-Non- defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 6 contracts

Samples: Master Agreement, Letter Agreement (United Air Lines Inc), Master Agreement (Imc Global Inc)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.. (ii)

Appears in 5 contracts

Samples: Credit Agreement (Lubys Cafeterias Inc), Master Agreement (Dollar General Corp), Mbna America Bank National Association

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; : if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 5 contracts

Samples: Master Agreement (Arm Financial Group Inc), Master Agreement (Securitisation Advisory Services Pty LTD), Master Agreement (Securitisation Advisory Services Pty LTD)

Second Method and Loss. If the Second Method and Loss apply, ,an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 3 contracts

Samples: Master Agreement (Ford Credit Auto Receivables Two LLC), Master Agreement (Ford Credit Auto Receivables Two LLC), Master Agreement (Banco Itau S A)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's ’s Loss in .in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 3 contracts

Samples: Loan Agreement (Safe Bulkers, Inc.), Master Agreement (Knightsbridge Tankers LTD), Loan Agreement (Safe Bulkers, Inc.)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's ’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.Defaulting

Appears in 2 contracts

Samples: Master Agreement (Paxson Communications Corp), Master Agreement (Paxson Communications Corp)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; , if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 2 contracts

Samples: Master Agreement (Sacyr Vallehermoso, S.A.), Master Agreement (Sacyr Vallehermoso, S.A.)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.the

Appears in 2 contracts

Samples: Master Agreement (Enron Oil & Gas Co), Master Agreement (Enron Oil & Gas Co)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's ’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.. (ii)

Appears in 2 contracts

Samples: Master Agreement, www.sec.gov

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If Agreement if that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement (Industrial Services of America Inc /Fl)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Partyparty; if it is a negative number, the Non-defaulting Party Partner will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement (Metropolis Realty Trust Inc)

Second Method and Loss. If the Second Method method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement (Insurance Auto Auctions Inc /Ca)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's ’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.. Back to Contents

Appears in 1 contract

Samples: Isda Master Agreement (Holmes Master Issuer)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's ’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party Parry will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement (General Maritime Corp / MI)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Non‑defaulting Party's ’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Non‑defaulting Party; if it is a negative number, the Non-defaulting Non‑defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2007-Oc2)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Partys Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement (BancCap Asset Securitization Issuance Corp, BASIC Asset Backed Securities Trust 2006-1, Mortgage Pass-Through Certificates, Series 2006-1)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.negative

Appears in 1 contract

Samples: Master Agreement (Probusiness Services Inc)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Patty’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement (WDS Receivables LLC)

Second Method and Loss. If the Second Method and Loss apply, an amount mount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement (Mondavi Robert Corp)

Second Method and Loss. If the Second Method and Loss applyApply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Penn America Group Inc

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's ’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative 7 ISDA®1992 number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.. ISDA(R) 1995 10

Appears in 1 contract

Samples: Master Agreement (Crusade Management LTD)

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Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive Positive number, the Defaulting Party will pay it to the Non-Non- defaulting Party; if it is a negative number, the Non-defaulting Party party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement (Experience Management LLC)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Aggregate Repricing Agreement (Norske Skog Canada LTD)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's ’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; , if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Letter Agreement (Sacyr Vallehermoso, S.A.)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is 9 a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement (Campbell Alternative Asset Trust)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay pav it to the Non-defaulting Party; if it is a negative number, the Non-Non- defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement (PBSJ Corp /Fl/)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.. 12

Appears in 1 contract

Samples: Master Agreement (Ladd Furniture Inc)

Second Method and Loss. If the Second Method and Loss apply, an and amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement (Itec Attractions Inc)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's ’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Distribution Instructions (MASTR Asset Backed Securities Trust 2005-Nc2)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal payableequal to the Non-defaulting Party's ’s Loss in respect of this Agreement. If that amount is a positive apositive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative numbernegativenumber, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting PartyDefaultingParty.

Appears in 1 contract

Samples: Master Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-1)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Non­defaulting Party's ’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-Non­ defaulting Party; Party; if it is a negative number, the Non-defaulting Non­defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Disclosure Agreement

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-Non- defaulting Party; if it is a negative number, the Non-Non- defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement (First North American National Bank)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Party*s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement (Mmca Auto Owner Trust 2001-1)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's ’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-Non- defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement

Second Method and Loss. If the Second Method and Loss Toss apply, an amount will be payable equal to the Non-defaulting Party's ’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2005-He2)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect to of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-Non- defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement (Panda Global Holdings Inc)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement (Brookdale Senior Living Inc.)

Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party's ’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Partyparty; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Master Agreement (Price Legacy Corp)

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