Close Out definition

Close Out means the termination, cancellation, liquidation, acceleration, or other similar action with respect to all transactions under one or more Contracts.

Close Out means the entering into of a Contract equal and opposite to a Contract previously entered into (and each matching a Client Contract) to create a level position in relation to the Assets underlying the Contracts, or in relation to the Contracts themselves, and fix the amount of profit or loss arising from such Contracts and the corresponding Client Contracts;

Close Out means the process for Final Completion of the Project, but also includes the requirements for the DSA Certification that the Project is Complete (See DSA Certification Guide). See Article 13.16.

Examples of Close Out in a sentence

• The Ohio State University Project Closeout Standards can be accessed via the OSU FOD vender resource website (https://fod.osu.edu/resources) under Post Construction / Close Out.

• For instance, if you open a position with us by selling the contract in question (a practice known as “shorting a market”) and the price rises, you will make a loss on that Trade and it is impossible to know the limit of your potential losses until you close the Trade or your Open Positions are closed when your Margin Level reaches the Margin Close Out Level.

• A document that identifies the items of work remaining to be done by the Contractor at the Close Out of a Project.

• It is your responsibility to monitor your Account(s) at all times and to maintain your Margin Level above the Margin Close Out Level.

• Final Payment (defined herein) to Subcontractor (including any payments that may be otherwise due for Disputes (defined herein)) shall not be deemed due to Subcontractor until such time as Subcontractor has submitted all required Close Out Submittals.

More Definitions of Close Out

Close Out means any action we may take to close out, cover or reduce our exposure in relation to the relevant Contract including any action we reasonably consider appropriate in the circumstances;

Close Out means reversing a Trade in the circumstances set out in Clause 22 or otherwise pursuant to this Agreement.

Close Out means the process and plan prepared by Contractor that properly prepares the Project for turnover from Contractor to Owner, as set forth in Section 4.13 of these General Conditions.

Close Out means, in relation to any Leveraged FX Contract, a Leveraged FX Contract deemed to be a closed out contract under the relevant Market Requirements and/or the entering into by CGS-CIMB of a second Leveraged FX Contract on identical terms to the first, except that:

Close Out or “Closing Out” means, in relation to an FX Contract, to close out, unwind, cancel or otherwise terminate.

Close Out means the reconciliation of receipts and use of all Fuel Assistance and ECIP funds by Vendor. It is Vendor’s responsibility to keep this information by Eligible Household and provide it to MaineHousing upon request.

Close Out means a termination of a Trade before the agreed date or prior to the settlement of that Trade