Common use of Termination and Liquidation Clause in Contracts

Termination and Liquidation. Closeout Setoff For purposes of Section 9.3, the Parties agree that (select one): [ ] Option A (Bilateral Setoff) is applicable. (Applicable if no other election is made.) [ ] Option B. (Triangular Setoff) is applicable. [ ] Option C (No Setoff) is applicable.

Appears in 4 contracts

Sources: Leap Master Agreement for Purchasing and Selling Renewable Identification Numbers, Leap Master Agreement for Purchasing and Selling Renewable Identification Numbers, Leap Master Agreement for Purchasing and Selling Renewable Identification Numbers

Termination and Liquidation. 8.3 Export of Default [ ] Applicable. If not checked, inapplicable. 8.4 Closeout Setoff For purposes of Section 9.38.4, the Parties agree that (select one): [ ] Option A (Bilateral Setoff) is applicable. (Applicable if no other election is made.) [ ] Option B. (Triangular Setoff) is applicable. [ ] Option C (No Setoff) is applicable.

Appears in 1 contract

Sources: Master Agreement for Purchasing and Selling Refined Petroleum Products and Crude Oil