Close Out definition

Close Out means the termination, cancellation, liquidation, acceleration, or other similar action with respect to all transactions under one or more Contracts.
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Close Out means the entering into of a Contract equal and opposite to a Contract previously entered into (and each matching a Client Contract) to create a level position in relation to the Assets underlying the Contracts, or in relation to the Contracts themselves, and fix the amount of profit or loss arising from such Contracts and the corresponding Client Contracts;
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Close Out means any action we may take to close out, cover or reduce our exposure in relation to the relevant Contract including any action we reasonably consider appropriate in the circumstances;
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Examples of Close Out in a sentence

  • Any expenses incurred after the FMIS Close Out End Date will not be eligible for Federal reimbursement and the Local Agency will be required to pay 100% of those costs.

  • This end date can be found on the UDOT website at the following link: Local Government Close Out Dates.

  • Final Payment (defined herein) to Subcontractor (including any payments that may be otherwise due for Disputes (defined herein)) shall not be deemed due to Subcontractor until such time as Subcontractor has submitted all required Close Out Submittals.

  • This will continue until the equity to margin requirement ratio goes above the Close Out Level.

  • In case of disagreement by the Customer, the Company may, if it considers it appropriate and in such a manner as it considers appropriate, in each case in its sole discretion, Close Out the relevant Open Position which is the subject of dispute.


More Definitions of Close Out

Close Out means the process for Final Completion of the Project, but also includes the requirements for the DSA Certification that the Project is Complete (See DSA Certification Guide). See Article 13.16.
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Close Out means reversing a Trade in the circumstances set out in Clause 22 or otherwise pursuant to this Agreement.
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Close Out means, in relation to any Leveraged FX Contract, a Leveraged FX Contract deemed to be a closed out contract under the relevant Market Requirements and/or the entering into by CGS-CIMB of a second Leveraged FX Contract on identical terms to the first, except that:
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Close Out means the process and plan prepared by Contractor that properly prepares the Project for turnover from Contractor to Owner, as set forth in Section 4.13 of these General Conditions.
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Close Out or “Closing Out” means, in relation to an FX Contract, to close out, unwind, cancel or otherwise terminate.
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Close Out means the reconciliation of receipts and use of all Fuel Assistance and ECIP funds by Vendor. It is Vendor’s responsibility to keep this information by Eligible Household and provide it to MaineHousing upon request.
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Close Out means a termination of a Trade before the agreed date or prior to the settlement of that Trade
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