Transaction Netting. If the Parties enter into one or more Transactions that, in conjunction with one or more other outstanding Transactions, constitute Offsetting Transactions, then all such Offsetting Transactions may, by mutual agreement of the Parties, be netted into a single Transaction so that: (i) the Party obligated to deliver the greater amount of the Product will deliver the difference between the total amount it is obligated to deliver and the total amount to be delivered to it by the other Party under the Offsetting Transactions, and (ii) the Party owing the greater aggregate payment will pay the net difference owed between the Parties. Each single Transaction resulting under this “Transaction Netting” provision shall be deemed part of the single agreement between the Parties referenced in the “Single Agreement” provision, and once the Parties’ obligations under such resulting single Transaction are satisfied, outstanding obligations under the Offsetting Transactions that are satisfied by such offset shall terminate.
Transaction Netting. If the Parties enter into one or more Transactions, which in conjunction with one or more other outstanding Transactions, constitute Offsetting Transactions, then all such Offsetting Transactions may by agreement of the Parties, be netted into a single Transaction under which:
Transaction Netting. If this Section 5.2 is specified as applicable in the Cover Sheet, and if the Parties enter into one or more Transactions, which in conjunction with one or more other outstanding Transactions, constitute Offsetting Transactions, then all such Offsetting Transactions may, by agreement of the Parties, be netted so that: (a) the Party obligated to deliver the greater amount of the RINs will deliver the difference between the total amount it is obligated to deliver and the total amount to be delivered to it under the Offsetting Transactions, and (b) the Party owing the greater aggregate payment will pay the net difference owed between the Parties. Each single Transaction resulting under this Section 5.2 shall be deemed part of the single agreement between the Parties referenced in Section 1.3, and once such resulting Transaction occurs, outstanding obligations under the Offsetting Transactions that are satisfied by such offset shall terminate.
Transaction Netting. If the Parties enter into one or more Transactions, which in conjunction with one or more other outstanding Transactions, constitute Offsetting Transactions, then all such Offsetting Transactions may, by agreement of the Parties, be netted so that: (a) the Party obligated to deliver the greater amount of the Product will deliver the difference between the total amount it is obligated to deliver and the total amount to be delivered to it under the Offsetting Transactions, and (b) the Party owing the greater aggregate payment will pay the net difference owed between the Parties. Each single Transaction resulting under this Section 6.2 shall be deemed part of the single agreement between the Parties referenced in Section 1.3, and once such resulting Transaction occurs, outstanding obligations under the Offsetting Transactions that are satisfied by such offset shall terminate.
Transaction Netting. 29 Original Sheet No. 3 ARTICLE SEVEN: LIMITATIONS..................................................................... 29 7.1 Limitation of Remedies, Liability and Damages......................................... 29 ARTICLE EIGHT: CREDIT AND COLLATERAL REQUIREMENTS.............................................. 30 8.1 Party A Credit Protection............................................................. 30 8.2 Party B Credit Protection............................................................. 32 8.3 Grant of Security Interest/Remedies................................................... 34
Transaction Netting. Unless otherwise agreed by the Parties, if the Parties enter into two or more outstanding Transactions with each other in a given settlement period, then: (a) the Party obligated to deliver the greater amount of a given digital asset across any such Transactions will deliver the net outstanding balance of such digital asset; and (b) the Party obligated to deliver the greater amount of cash across any such Transactions will deliver the net outstanding balance of cash.
