Common use of Final Returns Clause in Contracts

Final Returns. When there are no Transactions (except for the Transaction constituted by this Annex) outstanding between the parties and no amounts are or may become payable by the Transferor to the Transferee with respect to any obligations under the Agreement (except for any potential liability under Section 2(d) of the Agreement), the Transferee shall, upon demand by the Transferor, transfer to the Transferor Equivalent Credit Support having a Value as of the date of transfer as close as practicable to the entire Credit Support Balance after deducting any costs incurred by such transfer (for the avoidance of doubt, disregarding any Threshold, Minimum Transfer Amount or Rounding provisions). For the purposes of this provision, the Value of Equivalent Credit Support shall be determined on the basis that the Valuation Percentage applicable to each item of such Equivalent Credit Support is 100%.