Payment Netting definition

Payment Netting means: (a) in respect of a Secured Hedge Agreement based on an ISDA Master Agreement, netting under section 2(c) of the relevant ISDA Master Agreement; and (b) in respect of a Secured Hedge Agreement not based on an ISDA Master Agreement, netting pursuant to any provision of that Secured Hedge Agreement which has a similar effect to the provision referenced in paragraph (a) above.

Payment Netting means in respect of a Hedging Agreement netting under section 2(c) of the relevant ISDA Master Agreement, as amended by the relevant schedule.

Payment Netting means in respect of a Hedging Agreement based on an ISDA Master Agreement, netting under section 2(c) of the relevant ISDA Master Agreement.

Examples of Payment Netting in a sentence

• In case of Party A, as with the provisions of § 13.3 (Payment Netting) of the EFET Agreement Party A is to be paid under the Contract, if the assignee of Party A is an Affiliate of Party A, then Parties agree that such assignee needs not to prove to be financially sound.

• If "Payment Netting" is specified in the Schedule as applying, then if on any date amounts would otherwise be payable in the same currency in respect of two or more Transactions, such amounts with respect to each party shall be aggregated and the party owing the greater aggregate amount shall pay to the other party the difference between the aggregate amounts owed.

• In connection with such invoice the Party may state all amounts then owed between the Parties pursuant to the Individual Contracts including, without limitation, all amounts owed for the purchase and sale of Certificates, fees, charges, reimbursements, damages, interest, and other payments or credits owed between the Parties and, if applicable, any net amount due for payment pursuant to § 12.3 (Payment Netting).

• If "Payment Netting" is specified in the Schedule as applying, then if on any date amounts would otherwise be payable in the same currency in respect of two or more Transactions, such amounts with respect to each Party shall be aggregated and the Party owing the greater aggregate amount shall pay to the other Party the difference between the aggregate amounts owed.

• In connection with such invoice the Party shall state all amounts then owed between the Parties pursuant to the Individual Contracts including, without limitation, all amounts owed for the purchase and sale of such commodities, fees, charges, reimbursements, damages, interest, and other payments or credits owed then between the Parties, and the Net Payment Amount pursuant to § 1.3 (Payment Netting).

More Definitions of Payment Netting

Payment Netting means a netting arrangement where on any day on which amounts are due between the parties in respect of one or more transactions, the party with the higher gross payment obligation is obligated to pay to the other party the net amount of the gross payment obligations of the parties;

Payment Netting. If the payment dates for this transaction and any other forward, swap or option transaction entered into between the parties shall fall on the same day and if the payment obligations thereof shall be denominated in the same currency, such payments shall be made on a net basis so that the party obligated to pay the larger amount shall day the other party an amount equal to the excess of the larger aggregate amount over the smaller aggregate amount or if such amounts are equal, no payment shall be made. Representations: ESKOM shall have the option to terminate this Transaction upon 5 Business Days written notice if at any time the transaction between ESKOM and X. Xxxx & Company dated the date hereof (the "Related Hedge") shall be closed out and terminated, provided, however, that no payment of Termination Value shall be due under this Transaction until any termination value payment under the Related Hedge is due. ESKOM and Durban agree that the Termination Value of this Transaction shall equal the Termination Value of the Related Hedge, provided that the obligations incurred by Eskom under the related hedge are based on this transaction. ESKOM agrees it shall give Durban prompt written notice of the occurrence of any Termination Event with respect to the Related Hedge.

Payment Netting means: A44420063

Payment Netting means netting under section 2(c) of the relevant Hedging Agreement.

Payment Netting means netting under section 2(c) of the ISDA Master Agreement. PCOD Sunset Date means 1 April 2024.

Payment Netting means netting under section 2(c) of the ISDA Master Agreement. "Permitted External Creditor Payment" means the Payments permitted by Clause 3.1 (Payment of External Creditor Liabilities).

Payment Netting means netting under section 2(c) of the relevant ISDA Master Agreement.