Close-Out Date definition

Close-Out Date means a day on which, pursuant to the provisions of Section 8.1, the Non-Defaulting Party closes out Currency Obligations and/or Options or such close-out occurs automatically. "Closing Gain", as to the Non-Defaulting Party, means the difference described as such in relation to a particular Value Date under the provisions of Section 8.1.

Close-Out Date means the Business Day on which the Bank closes out and liquidates an FX Transaction.

Close-Out Date means the CC&G open day upon which the Contractual Positions recorded in the non-defaulting Clearing Member’s account structure will be terminated and the corresponding Close-Out Amount is liquidated pursuant to Article B.6.2.2-ter.

Examples of Close-Out Date in a sentence

• To the extent permitted by applicable law, the Non-Defaulting Party shall adjust the Closing Gain or Closing Loss for each Value Date falling after the Close-Out Date to present value by discounting the Closing Gain or Closing Loss from and including the Value Date to but excluding the Close-Out Date, at LIBOR with respect to the Non-Defaulting Party's Base Currency as at the Close-Out Date or at such other rate as may be prescribed by applicable law.

• If an Event of Default has occurred and is continuing, then the Non-Defaulting Party shall have the right to close out all, but not less than all, outstanding Currency Obligations (including any Currency Obligation which has not been performed and in respect of which the Value Date is on or precedes the Close-Out Date) and Options, except to the extent that in the good faith opinion of the Non-Defaulting Party certain of such Currency Obligations or Options may not be closed out under applicable law.

• If an Event of Default has occurred and is continuing, then the Non-Defaulting Party shall have the right to close-out all, but not less than all, outstanding Currency Obligations (including any Currency Obligation which has not been performed and in respect of which the Value Date is on or precedes the Close-Out Date) except to the extent that in the good faith opinion of the Non-Defaulting Party certain of such Currency Obligations may not be closed-out under applicable law.

• Where an Order for a Futures CFD is held at the Close of Trade on the Close-Out Date, the Order is automatically rolled over meaning that the contract is closed, and a new Order is created for the Futures CFD on the next Trading Day at the new contract price.

• Nothing contained in this Agreement shall be construed as granting or conferring any right or interest, by licence or otherwise, to the Client in the Confidential Information, which shall remain the exclusive property of Eddyfi.

More Definitions of Close-Out Date

Close-Out Date means the day and time of the close-out specified in the communication by the resolution authority of the decision to close-out;

Close-Out Date means a date on which you close‑out and liquidate outstanding Contracts, or such date on which a close‑out and liquidation occurs automatically, in accordance with the terms of the relevant Agreement.

Close-Out Date. : means the final date for receiving written comments in relation to Modification Proposals, or any related documentation, that the Code Administrator has issued for comment;

Close-Out Date means a day on which, pursuant to the provisions of Section 8.1, the Non-Defaulting Party closes out Options, or such close-out occurs automatically.

Close-Out Date means a date on which you close-out and liquidate outstanding Contracts, or such date on which a close-out and liquidation occurs automatically, in accordance with the terms of the relevant Agreement.

Close-Out Date means a day on which, pursuant to the provisions of clause 3, Lloyd’s closes out and liquidates Currency Obligations;

Close-Out Date means a day on which, pursuant to these terms and conditions, the Bank Closes Out and liquidates an Open Contract, or such Close Out and liquidation occurs automatically;