Common use of Net Contractual Position Statement Clause in Contracts

Net Contractual Position Statement. The Company shall, as soon as reasonably practicable following the determination of the Net Contractual Position in respect of a Signatory, provide a statement (“Net Contractual Position Statement”) to such Signatory showing the Net Contractual Position and the Close-Out Amount for each Financial Contract in respect of such Signatory.

Appears in 1 contract

Sources: Claim Resolution Agreement

Net Contractual Position Statement. The Company shall, as soon as reasonably practicable following the determination of the Net Contractual Position in respect of a Signatory, provide a statement (“Net Contractual Position Statement”) to such Signatory showing the Net Contractual Position and the Close-Close- Out Amount for each Financial Contract in respect of such Signatory.

Appears in 1 contract

Sources: Claim Resolution Agreement