Common use of Close-Out Amount Clause in Contracts

Close-Out Amount. For purposes of determining the Close Out Amount (if any), Party A and Party B hereby agree that it shall be deemed commercially reasonable to exclude any loss or cost incurred in connection with terminating, liquidating or re-establishing any hedge related to a Terminated Transaction or group of Terminated Transactions (or any gain resulting therefrom). Accordingly, the penultimate full paragraph of the defintion of Close Out Amount shall be deleted and the Close Out Amount (if any) shall be determined as otherwise set forth under the remainder of the definition of Close Out Amount.