Common use of Settlement Payment Clause in Contracts

Settlement Payment. If the resulting net amount is positive, it shall be payable by the Defaulting Party to the Non-Defaulting Party, and if it is negative, then the absolute value of such amount shall be payable by the Non-Defaulting Party to the Defaulting Party.

Appears in 17 contracts

Samples: Master Agreement (Morgan Stanley Dean Witter Charter Grahm Lp), Master Agreement (Witter Dean Cornerstone Fund Iii), Master Agreement (Witter Dean Spectrum Technical Lp)

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Settlement Payment. If the resulting net amount is positive, it shall be payable by the Defaulting Party to the Non-Defaulting Party, and if it is negative, then the absolute value of such amount shall be payable by the Non-Non- Defaulting Party to the Defaulting Party.

Appears in 6 contracts

Samples: Master Agreement (Witter Dean Principal Plus Fund L P), Master Agreement (Witter Dean Diversified Futures Fund Iii L P), Master Agreement (Dean Witter Portfolio Strategy Fund Lp)

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