Service of Close-Out Notice. (i) Service of a Close-Out Notice under paragraph K.1.1. by a Xxxxxx Xxxxxxx Company shall constitute an immediate event of default or termination event (howsoever the same are described) under such Customer Documents as may be specified in the Close-Out Notice (each such Customer Document being a “Designated Customer Document”), whether or not the Event of Default in question would otherwise constitute an event of default or termination event under any such Designated Customer Document and without the need for the service of a separate notice under any such Designated Customer Document, but so that the service of a Close-Out Notice in respect of one Customer Document shall not prevent Xxxxxx Xxxxxxx from serving a Close-Out Notice in respect of any other Customer Document at any time.
Appears in 4 contracts
Samples: Master Netting Agreement, Master Netting Agreement, Master Netting Agreement
