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 439 contracts

Samples: Interest Rate Swap 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 312 contracts

Samples: Interest Rate Swap Agreement (Carmax Auto Funding LLC), Isda Master Agreement (Toyota Auto Finance Receivables LLC), Interest Rate Swap Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, 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-Non- defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 20 contracts

Samples: Fixed Price Customer Supply Contract, Isda 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: Isda Master Agreement (Macquarie Securitisation LTD), Isda Master Agreement (Macquarie Securitisation LTD), Isda 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: Isda Master Agreement, Confirmation (United Air Lines Inc), Isda Master Agreement (Permanent Master Issuer PLC)

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: Isda Master Agreement (Arm Financial Group Inc), Master Agreement (Arm Financial Group Inc), Isda 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: Isda Master Agreement (Banco Itau S A), Isda Master Agreement (Ford Credit Auto Receivables Two LLC), Isda Master Agreement (Ford Credit Auto Receivables Two LLC)

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.), Isda 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 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.Defaulting

Appears in 2 contracts

Samples: Isda Master Agreement (Paxson Communications Corp), Isda 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: Isda Master Agreement (Sacyr Vallehermoso, S.A.), Isda 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 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: Isda 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 Defaulting Party will pay the absolute value of that amount to the Defaulting Party.

Appears in 1 contract

Samples: Credit Agreement (Norske Skog Canada LTD)

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: Isda Master Agreement (Penn America Group 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: Isda 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 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: Isda 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 ’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: Isda 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 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: Isda Master Agreement (PBSJ Corp /Fl/)

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: Isda Master Agreement (Mondavi Robert 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.. ISDA(R) 1995 10

Appears in 1 contract

Samples: Isda Master Agreement (Crusade Management 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.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 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: Isda 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 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: Isda 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.

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 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: Isda Master Agreement (Metropolis Realty Trust 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.. 12

Appears in 1 contract

Samples: Isda Master Agreement (Ladd Furniture Inc)

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

Appears in 1 contract

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

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: Isda 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: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2005-Nc2)

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: Isda 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 ’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: Isda Master Agreement (Price Legacy Corp)

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: Isda 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-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: Isda Master Agreement (Sacyr Vallehermoso, S.A.)

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