Examples of Calculating Party in a sentence
Upon termination pursuant to Number 9.5.2, the Calculating Party shall as soon as reasonably possible calculate the Final Settlement Amount.
If less than three quotations are provided as requested, the Calculating Party shall determine a settlement price for Transactions to which the Non-Delivered Assets relate acting in good faith and by using commercially reasonable procedures expected to produce a commercially reasonable result.
The Final Settlement Amount, as calculated by the Calculating Party, shall be paid (i) to that party by the other party if it is a positive number and (ii) by that party to the other party if it is a negative number; in the latter case the amount payable shall be the absolute value of the Final Settlement Amount.
Any failure by the Calculating Party to provide such access or cooperation will extend the delivery period until such access or cooperation is provided.
Where the Bank is the Entitled Party, Section 4 paragraph (3) and Sections 5 and 6 shall Section 5 shall insofar apply correspondingly subject to the proviso that the Bank shall be deemed to be the Calculating Party.