Settlement Netting Offices. Each of the following shall be a Settlement Netting Office: Party A: Same as Part II. Party B: Same as Part II Party A and Party B agree that, notwithstanding Section 6.2 of the Agreement, obligations to make payments pursuant to FX Transactions shall only be netted, satisfied and discharged against obligations to make payments arising out of the same or other FX Transactions between a pair of Settlement Netting Offices and obligations to make payments pursuant to Options (including exercised Options) shall only be netted, satisfied and discharged against obligations to make payments arising out of the same or other Options (including exercised Options) between a pair of Settlement Netting Offices. Novation Netting Offices ------------------------ Each of the following shall be a Novation Netting Office: Party A: Same as Part II. Party B: Same as Part II. Matched Pair Novation Netting Offices ------------------------------------- Each of the following shall be a Matched Pair Novation Netting Office: Not applicable.
Appears in 12 contracts
Samples: Foreign Exchange and Options Master Agreement (Witter Dean Cornerstone Fund Ii), Foreign Exchange and Options Master Agreement (Columbia Futures Fund), Foreign Exchange and Options Master Agreement (Witter Dean Diversified Futures Fund Lp)
Settlement Netting Offices. Each of the following shall be a Settlement Netting Office: Party A: Same as Part II. Party B: Same as Part II II. Party A and Party B agree that, notwithstanding Section 6.2 of the Agreement, obligations to make payments pursuant to FX Transactions shall only be netted, satisfied and discharged against obligations to make payments arising out of the same or other FX Transactions between a pair of Settlement Netting Offices and obligations to make payments pursuant to Options (including exercised Options) shall only be netted, satisfied and discharged against obligations to make payments arising out of the same or other Options (including exercised Options) between a pair of Settlement Netting Offices. Novation Netting Offices ------------------------ Each of the following shall be a Novation Netting Office: Party A: Same as Part II. Party B: Same as Part II. Matched Pair Novation Netting Offices ------------------------------------- Each of the following shall be a Matched Pair Novation Netting Office: Not applicable.
Appears in 1 contract
Samples: Foreign Exchange and Options Master Agreement (Witter Dean Cornerstone Fund Iv)
