Common use of Termination and Liquidation Clause in Contracts

Termination and Liquidation. Closeout Setoff For purposes of Section 9.3, the Parties agree that (select one): [ ] Option A (Bilateral Setoff) is applicable. (Applicable if no other election is made.) [ ] Option B. (Triangular Setoff) is applicable. [ ] Option C (No Setoff) is applicable.

Appears in 4 contracts

Samples: Leap Master Agreement for Purchasing and Selling Renewable Identification Numbers, Leap Master Agreement for Purchasing and Selling Renewable Identification Numbers, Leap Master Agreement for Purchasing and Selling Renewable Identification Numbers

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Termination and Liquidation. 8.3 Export of Default [ ] Applicable. If not checked, inapplicable. 8.4 Closeout Setoff For purposes of Section 9.38.4, the Parties agree that (select one): [ ] Option A (Bilateral Setoff) is applicable. (Applicable if no other election is made.) [ ] Option B. (Triangular Setoff) is applicable. [ ] Option C (No Setoff) is applicable.

Appears in 1 contract

Samples: Master Agreement for Purchasing and Selling Refined Petroleum Products and Crude Oil

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