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.

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;

Close Out means, in relation to an FX Contract, to close out, unwind, cancel or otherwise terminate.

Examples of Close Out in a sentence

• The Contractor shall complete all of the requirements of close-out in accordance with the General Conditions of the Contract for Construction and at completion of close-out; and prior to Final Completion, submit written notice to the Design Professional requesting the Close-Out Meeting.

• All positions open immediately prior to the close-out shall be valued in accordance with the procedures of subparagraphs (e) and (f) of this Rule 806.(e) Netting and Close-Out.

• The Design Professional may be allowed Additional Services for services provided beyond Basic Services if Contractor fails to achieve Close-Out Schedule, and at no fault of the Design Professional.

• This IBR Log will support the Letter of Findings during the IBR Close-Out Phase discussed in Section 4.

• Prior to the issuance of the Certificate for Payment that fully pays out the Schedule of Value line item for Close-Out; the Design Professional shall ensure that all requirements of Close-Out as defined in the General Conditions of the Contract for Construction have been delivered including completion of Record Drawings by Design Professional within thirty (30) days of Design Professionals’ receipt and acceptance of As-Built’s from the Contractor.

More Definitions of Close Out

Close Out means reversing a Trade in the circumstances set out in Clause 22 or otherwise pursuant to this Agreement.

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.

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 9.9)

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;

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.

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:

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.