Examples of Walkaway clause in a sentence
The corporate credit union maintains in its files documentation adequate to sup- port the netting of an off-balance sheet de- rivative contract.5 (iii) Walkaway clause.
Walkaway clause means a provision in a bilateral netting contract that permits a nondefaulting counterparty to make a lower payment than it would make otherwise under the bilateral netting contract, or no payment at all, to a defaulter or the estate of a defaulter, even if the defaulter or the estate of the defaulter is a net creditor under the bilateral netting contract.
The savings association maintains in its files documentation adequate to support the netting of an off-balance sheet rate contract.10(C) Walkaway clause.
The State savings association maintains in its files documentation adequate to support the netting of an off-balance sheet rate contract.4(C) Walkaway clause.
The savings association maintains in its files documentation adequate to support the netting of an off-balance sheet rate contract.11(C) Walkaway clause.