Common Contracts
1 similar null contracts
TITLE 11—BANKRUPTCY Page 136November 19th, 2019
chase agreements, at the prices available at the time of liquidation of such repurchase agree- ments from a generally recognized source or the most recent closing bid quotation from such a source) over the sum of the stated repurchase prices and all expenses in connection with the liquidation of such repurchase agreements shall be deemed property of the estate, subject to the available rights of setoff. As used in this sec- tion, the term ‘‘contractual right’’ includes a right set forth in a rule or bylaw, applicable to each party to the repurchase agreement, of a na- tional securities exchange, a national securities association, or a securities clearing agency, and a right, whether or not evidenced in writing, arising under common law, under law merchant or by reason of normal business practice.
