Determining Present Value. 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.
Appears in 57 contracts
Sources: Customer Agreement (Witter Dean Spectrum Strategic Lp), Escrow Agreement (Morgan Stanley Dean Witter Charter Grahm Lp), International Foreign Exchange Master Agreement (Witter Dean World Currency Fund L P)
Determining Present Value. 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-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-Non- Defaulting Party's Base Currency as at the Close-Close- Out Date or at such other rate as may be prescribed by applicable law.
Appears in 6 contracts
Sources: International Foreign Exchange Master Agreement (Witter Dean Principal Plus Fund L P), International Foreign Exchange Master Agreement (Columbia Futures Fund), International Foreign Exchange Master Agreement (Dean Witter Portfolio Strategy Fund Lp)
Determining Present Value. 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 ’s Base Currency as at the Close-Out Date or at such other rate as may be prescribed by applicable law.
Appears in 5 contracts
Sources: Foreign Exchange and Options Master Agreement (BHM Discretionary Futures Fund L.P.), Foreign Exchange and Options Master Agreement (Morgan Stanley Spectrum Technical Lp), Foreign Exchange and Options Master Agreement (Morgan Stanley Spectrum Strategic Lp)
Determining Present Value. 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-Close- Out Date or at such other rate as may be prescribed by applicable law.
Appears in 2 contracts
Sources: Foreign Exchange and Options Master Agreement (Dean Witter Global Perspective Portfolio L P), Master Agreement (Morgan Stanley Charter Campbell Lp)
Determining Present Value. To the extent permitted by applicable law, the Non-Defaulting Non- defaulting Party shall adjust the Closing Gain or Closing Loss for each Value Settlement Date falling after the Close-Out Closeout Date to present pres- ent value by discounting the Closing Gain or Closing Loss from and including the Value Settlement Date to but excluding the Close-Out Close- out Date, at LIBOR LIBOR, with respect to the Non-Defaulting Nondefaulting Party's Base ’s Termination Currency as at the Close-Out Closeout Date or at such other rate as may be prescribed by applicable law.
Appears in 2 contracts
Sources: International Foreign Exchange and Currency Option Master Agreement, International Foreign Exchange and Currency Option Master Agreement
Determining Present Value. 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.
Appears in 1 contract
Sources: International Foreign Exchange Master Agreement (Dean Witter Global Perspective Portfolio L P)