owed in the fourth and eleventh lines.
owed means any amounts owed or otherwise accrued and payable (regardless of whether such amounts have been or could be invoiced) as of the Early Termination Date. Amounts subject to the setoff permitted in this Section 4.1 may be converted by the Notifying Party into any currency in which any obligation Owed is denominated at the rate of exchange at which the Notifying Party, acting in a reasonable manner and in good faith, would be able to purchase the relevant amount of the currency being converted. If an obligation is unascertained, the Notifying Party may in good faith estimate that obligation and setoff in respect of the estimate, subject to the relevant party accounting to the other when the obligation is ascertained. Nothing in this Section 4.1 shall be effective to create a charge or other security interest except as may be provided under applicable law. This setoff provision shall be without prejudice and in addition to any right of setoff, netting, off-set, combination of accounts, counterclaim, lien or other right to which any party is at any time otherwise entitled (whether by operation of law, contract or otherwise). Each of the parties represent and acknowledge that the rights set forth in this Section 4.1 are an integral part of the agreement between the parties and that without such rights the parties would not be willing to enter into Transactions. The parties further acknowledge that each is executing this Agreement on behalf of itself as principal and, with respect to this Section 4.1, as agent on behalf of its Affiliates, which Affiliates shall receive the benefits of this Section 4.1 and otherwise be bound as if such Affiliates had entered into this Agreement as its relates to Section 4.1. Notwithstanding any provision to the contrary contained in this Agreement, the Notifying Party shall not be required to pay to the Affected Party any amount under Section 4.1 until the Notifying Party receives confirmation satisfactory to it in its reasonable discretion (which may include an opinion of its counsel) that all other obligations of any kind whatsoever of the Affected Party to make any payments to the Notifying Party or any of its Affiliates under this Agreement or under any other agreement(s), instrument(s) or undertaking(s), which are Owed as of the Early Termination Date have been fully and finally satisfied.
owed means amounts due and owing after application of any minimum transfer amount or threshold amount provided for in the relating Underlying Master Agreement.
More Definitions of owed
owed means, as of any date of determination, any amounts owed or otherwise accrued and payable as of such date.
owed has the meaning set forth in Section 10.1.
owed in the fourth and tenth lines. The following changes are made to Article 5: Subsection (g) of Section 5.1 is amended by adding the following to the end thereof: “provided, however, that notwithstanding the foregoing, an Event of Default shall not occur under either (i) or (ii) above if, as demonstrated to the reasonable satisfaction of the other party, (a) the event or condition referred to in (i) or the failure to pay referred to in (ii) is a failure to pay caused by an error or omission of an administrative or operational nature; and (b) funds were available to such party to enable it to make the relevant payment when due; and (c) such relevant payment is made within three Business Days following receipt of written notice from an interested party of such failure to pay;”
owed means any amounts owed or otherwise accrued and payable (regardless of whether such amounts have been or could be invoiced) as of the Early Termination Date.
owed means any amounts owed or otherwise accrued and payable (regardless of whether such amounts have been or could be invoiced), except for amounts disputed in good faith, as of the applicable date of determination and regardless of whether arising prior to or after the Agreement Date. Each Party represents and acknowledges that the prohibition set forth in this Section 10.1 is an integral part of this Agreement and the Administration Agreement and that without such prohibition the Parties would not be willing to enter into this Agreement or the Administration Agreement.
owed means, as of any date of determination, any amounts owed or otherwise accrued and/or payable (regardless of whether such amounts have been or could be invoiced) as of such date. If an obligation is unascertained or unliquidated at the time the Final Settlement Amount is determined, the Non-defaulting Party may in good faith estimate that obligation and setoff in respect of the estimate, subject to accounting to the Defaulting Party when the obligation is ascertained. The Non-defaulting Party setting off an amount pursuant to this Section 5 shall give notice of such setoff (i) at the time the Final Settlement Amount is determined and notice of the same is tendered in the case where the Non-defaulting Party is required to pay the Final Settlement Amount; or (ii) within a reasonable amount of time after the statement providing the details of the Final Settlement Amount is tendered by the Non-defaulting Party in the case where the Defaulting Party is required to pay the Final Settlement Amount, but in either event prior to the time that payment in respect of the Final Settlement Amount is finally due to the other Party.