Examples of Master Netting Agreement in a sentence
It publishes the following form of Master Netting Agreement which provides for the close-out and netting of the parties’ obligations under exchange-traded derivatives contracts.
This paragraph is subject to any netting agreement which we may enter into with you (such as the United Kingdom Futures and Options Association Master Netting Agreement) so that any transaction falling within the scope of that netting agreement shall be dealt with as provided in that agreement and not as provided in these Terms of Business (and in case of inconsistency with these Terms of Business, that netting agreement shall prevail).
As soon as El Paso recognizes ENA to be the Acquiring Shipper (as such term is defined in El Paso’s Tariff) as to the Initial Pipeline Capacity (the “Release Effective Date”), ET Gas shall be entitled to apply, and ENA shall apply, the Spread Value to the satisfaction of the PG&E Parties’ margin requirement under the ISDA Agreement and the Master Netting Agreement.
In the event of any inconsistency among the Transaction Documents, the terms of the documents shall prevail in the following order (unless expressly stated otherwise in a Transaction Document): first, any Confirmation; second, the Master Netting Agreement; third, this Agreement; fourth, the Security Documents; and, fifth, the EEI Agreement, the ISDA Agreement and the NAESB Agreement.
In the event of any conflict or inconsistency between this Agreement and any of the Underlying Master Agreements (where defined) or the Master Netting Agreement concerning the matters set forth in this Agreement, the provisions of this Agreement shall govern.