Close-out. Upon the Close-out of any Contract, the Close-out Amount for such Contract shall be due. If, however, Applicable Law would stay or otherwise impair the enforcement of the provisions of this Agreement or any Contract upon the occurrence of an insolvency related Close-out or Event of Default, then Close-out shall automatically occur immediately prior to the occurrence of such insolvency related Close-out or Event of Default.
Appears in 33 contracts
Samples: Account Agreement (Muzinich BDC, Inc.), Account Agreement (FS Global Credit Opportunities Fund), Lending Agreement (Highland Global Allocation Fund)
Close-out. Upon the Close-out of any Contract, the Close-out Amount for such Contract shall be due. If, however, Applicable Law would stay or otherwise impair the enforcement of the provisions of this Agreement or any Contract upon the occurrence of an insolvency related Close-out or Event of Default, then Close-out shall automatically occur immediately prior to the occurrence of such insolvency related Close-out or Event of Default.. EXECUTION COPY
Appears in 9 contracts
Samples: Account Agreement (Midas Series Trust), Account Agreement (Midas Series Trust), Account Agreement (Midas Series Trust)
Close-out. Upon the Close-out of any Contract, the Close-out Amount for such Contract shall be due. due and payable by the relevant party thereto.. If, however, Applicable Law would stay or otherwise impair the enforcement of the provisions of this Agreement or any Contract upon the occurrence of an insolvency related Close-out or Event of Default, then Close-out shall automatically occur immediately prior to the occurrence of such insolvency related Close-out or Event of Default.
Appears in 2 contracts
Samples: Pb Agreement (Fiduciary/Claymore Energy Infrastructure Fund), Account Agreement (Guggenheim Strategic Opportunities Fund)
Close-out. Upon the Close-out of any Contract, the Close-out Amount for such Contract shall be due. If, however, . Applicable Law would stay or otherwise impair the enforcement of the provisions of this Agreement or any Contract upon the occurrence of an insolvency related Close-out or Event of Default, then Close-out shall automatically occur immediately prior to the occurrence of such insolvency related Close-out or Event of Default.
Appears in 1 contract
Samples: Account Agreement (Claymore/Guggenheim Strategic Opportunities Fund)
Close-out. Upon the Close-out of any Contract, the Close-out Amount for such Contract shall be duedue and payable by the relevant party thereto. If, however, Applicable Law would stay or otherwise impair the enforcement of the provisions of this Agreement or any Contract upon the occurrence of an insolvency related Close-out or Event of Default, then Close-out shall automatically occur immediately prior to the occurrence of such insolvency related Close-out or Event of Default.
Appears in 1 contract
Samples: Account Agreement (Guggenheim Credit Allocation Fund)
Close-out. Upon the Close-out of any Contract, . the Close-out Amount for such Contract shall be duedue and payable by the relevant party thereto. If, however, . Applicable Law would stay or otherwise impair the enforcement of the provisions of this Agreement or any Contract upon the occurrence of an insolvency related Close-out or Event of Default, then Close-out shall automatically occur immediately prior to the occurrence of such insolvency related Close-out or Event of Default.
Appears in 1 contract
Samples: Account Agreement (Guggenheim Credit Allocation Fund)
Close-out. Upon the Close-out of any Contract, the Close-out Amount for such Contract shall be due. If, however, Applicable Law would stay or otherwise impair the enforcement of the provisions of this Agreement or any Contract upon the occurrence of an insolvency related Close-out or Event of Default, then Close-out shall automatically occur immediately prior to the occurrence of such insolvency related Close-out Closeout or Event of Default.
Appears in 1 contract
