Common use of Variable Obligation Clause in Contracts

Variable Obligation. Not Applicable. Cash Settlement Payment Date: If Cash Settlement is applicable, the second Currency Business Day following the applicable Valuation Date. Forward Cash Settlement Amount: The aggregate sum, for all Unwind Dates in the relevant Unwind Period, of the Daily Cash Settlement Amounts.

Appears in 8 contracts

Sources: Issuer Forward Transaction (Consolidated Edison Inc), Issuer Forward Transaction (Consolidated Edison Co of New York Inc), Issuer Forward Transaction (Consolidated Edison Co of New York Inc)