Common use of The Determining Party Clause in Contracts

The Determining Party. 20.6.1 The party determining the calculation of the Close-Out Amount in respect of a Financial Contract in accordance with this Part 7 shall be referred to as the “Determining Party”. 20.6.2 If the Contractual Valuation Methodology applies, the Determining Party shall be determined in accordance with Clause 21.7. Where the Determining Party in respect of a Financial Contract is: (i) a Signatory, such Signatory shall submit a Valuation Statement to the Company; and (ii) a Third Party, the relevant Signatory shall request the Third Party to submit a Valuation Statement to the Company, in each case, in accordance with ▇▇▇▇▇▇ 21. 20.6.3 If the Agreed Valuation Methodology applies, the Determining Party shall be the Company, in accordance with Clause 22. 20.6.4 If the Fallback Valuation Methodology applies, the Determining Party shall be the Company, in accordance with Clause 23. 20.6.5 Where the Determining Party is the Company, the Company may deal with any Signatory or group of them in such order as the Company sees fit, provided that this does not prejudice or unduly delay meeting the objectives and purposes of this Agreement.

The Determining Party. 20.6.1 The party determining the calculation of the Close-Out Amount in respect of a Financial Contract in accordance with this Part 7 shall be referred to as the “Determining Party”. 20.6.2 If the Contractual Valuation Methodology applies, the Determining Party shall be determined in accordance with Clause 21.7. Where the Determining Party in respect of a Financial Contract is: (i) a Signatory, such Signatory shall submit a Valuation Statement to the Company; and (ii) a Third Party, the relevant Signatory shall request the Third Party to submit a Valuation Statement to the Company, in each case, in accordance with ▇▇▇▇▇▇ Clause 21. 20.6.3 If the Agreed Valuation Methodology applies, the Determining Party shall be the Company, in accordance with Clause 22. 20.6.4 If the Fallback Valuation Methodology applies, the Determining Party shall be the Company, in accordance with Clause 23. 20.6.5 Where the Determining Party is the Company, the Company may deal with any Signatory or group of them in such order as the Company sees fit, provided that this does not prejudice or unduly delay meeting the objectives and purposes of this Agreement.