Examples of Buy-In Price in a sentence
If the Buy-In Price is lower than the contract price, the difference between the Buy- In Price and the contract price would be credited to the CTGF.
If the Buy-In Price is higher than the contract price, then the difference would be charged to the Defaulting Clearing Member.
Where a Buy-In Price is determined by the Electing Seller, each other seller of protection in the CDS Chain shall be deemed to have effectively determined the same Buy-In Price for the transactions to which it is a party as seller of protection in the CDS Chain, provided that the Buy-In Price determined by the Electing Seller was determined in accordance with the terms of the relevant CDS Contract or Customer-CM CDS Transaction, as applicable.
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Any failure to do so will result in certain liquidation damages, payment of fees and payment of the Buy-In Price as described in Section 4.1 of the Purchase Agreement.