Common use of Payment of a Termination Settlement Statement Clause in Contracts

Payment of a Termination Settlement Statement. (a) As soon as reasonably practicable following delivery of the Termination Notice, each Party shall prepare and deliver a Termination Settlement Statement to the other Party, showing in reasonable detail the amounts owing to the submitting Party. Each Party shall render to the other Party by wire transfer payment in immediately available funds, the amount due under the Termination Settlement Statement within two (2) Business Days following delivery of the Termination Settlement Statement by the second Party to provide the settlement statement. In no event shall calculation and payment of the Termination Settlement Statement delay the Termination Date. [***] Confidential information has been omitted and filed separately with the Securities and Exchange Commission pursuant to a confidential treatment request. (b) As soon as reasonably practicable following the Default Termination Date, the Non-Defaulting Party will calculate and deliver the Termination Settlement Statement to the Defaulting Party, reflecting the unpaid amounts owing to the Non-Defaulting Party and the unpaid amounts owing to the Defaulting Party. Unless otherwise provided in the Master Netting Agreement, the Party owing the greater aggregate amount shall pay the difference between the amounts owed to the other Party by wire transfer in immediately available funds within two (2) Business Days of delivery of the Termination Settlement Statement.

Payment of a Termination Settlement Statement. (a) As soon as reasonably practicable following delivery of the Termination Notice, each Party shall prepare and deliver a Termination Settlement Statement to the other Party, showing in reasonable detail the amounts owing to the submitting Party. Each Party shall render to the other Party by wire transfer payment in immediately available funds, the amount due under the Termination Settlement Statement within two (2) Business Days following delivery of the Termination Settlement Statement by the second Party to provide the settlement statement. In no event shall calculation and payment of the Termination Settlement Statement delay the Termination Date. [***] Confidential information has been omitted and filed separately with the Securities and Exchange Commission pursuant to a confidential treatment request. (b) As soon as reasonably practicable following the Default Termination Date, the Non-Defaulting Party will calculate and deliver the Termination Settlement Statement to the Defaulting Party, reflecting the unpaid amounts owing to the Non-Defaulting Party and the unpaid amounts owing to the Defaulting Party. Unless otherwise provided in the Master Netting Agreement, the Party owing the greater aggregate amount shall pay the difference between the amounts owed to the other Party by wire transfer in immediately available funds within two (2) Business Days of delivery of the Termination Settlement Statement.

Payment of a Termination Settlement Statement. (a) As soon as reasonably practicable following delivery of the Termination Notice, each Party shall prepare and deliver a Termination Settlement Statement to the other Party, showing in reasonable detail the amounts owing to the submitting Party. Each Party shall render to the other Party by wire transfer payment in immediately available funds, the amount due under the Termination Settlement Statement within two (2) Business Days following delivery of the Termination Settlement Statement by the second Party to provide the settlement statement. In no event shall calculation and payment of the Termination Settlement Statement delay the Termination Date. [***] Confidential information has been omitted and filed separately with the Securities and Exchange Commission pursuant to a confidential treatment request. (b) As soon as reasonably practicable following the Default Termination Date, the Non-Defaulting Party will calculate and deliver the Termination Settlement Statement to the Defaulting Party, reflecting the unpaid amounts owing to the Non-Defaulting Party and the unpaid amounts owing to the Defaulting Party. Unless otherwise provided in the Master Netting Agreement, the Party owing the greater aggregate amount shall pay the difference between the amounts owed to the other Party by wire transfer in immediately available funds within two (2) Business Days of delivery of the Termination Settlement Statement.. Section 8.8 [***]