Examples of Liquidating Party in a sentence
The Liquidating Party shall calculate the difference, if any, between the price specified in each contract so liquidated, and the market price for the relevant Product as of the date of liquidation (as determined by the Liquidating Party in any commercially reasonable manner), and aggregate or net such settlement payments, as appropriate, to a single liquidated amount.
The Liquidating Party shall calculate the difference, if any, between the price specified in each contract so liquidated, and the market price for the relevant commodity as of the date of liquidation (as determined by the Liquidating Party in any commercially reasonable manner), and aggregate or net such settlement payments, as appropriate, to a single liquidated amount.
The Liquidating Party shall calculate the difference, if any, between the price specified in each contract so liquidated, and the market price for the relevant product as of the date of liquidation (as determined by the Liquidating Party in any commercially reasonable manner), and aggregate or net such settlement payments, as appropriate, to a single liquidated amount.
The Defaulting Party shall indemnify and hold the Liquidating Party harmless from all costs and expenses of litigation, including reasonable attorneys fees, incurred in the exercise of any remedies hereunder.
The Liquidating Party shall calculate the difference, if any, between the price specified in each contract so liquidated, and the market price for the relevant commodity as of the date of liquidation (as determined by the Liquidating Party in any commercially reasonable manner), and aggregating or netting such settlement payments as appropriate, to a single liquidated amount.
Upon such Early Termination, Liquidating Party shall calculate the Gains, Losses and Costs (either positive or negative), if any, for each Terminated Contract (as determined by Liquidating Party in a commercially reasonable manner at a time or times reasonably determined by Liquidating Party), and may aggregate or net all such calculated Gains, Losses and Costs into a single liquidated settlement amount (“Settlement Amount”).
However, if this Agreement provides for more than one Commodity Transaction, or if Settlement Amounts are due under other agreements terminated by the Liquidating Party, the Settlement Amounts due to each party for such Commodity Transactions and/or agreements shall be aggregated.
The Liquidating Party's rights under this paragraph shall be in addition to, and not in limitation or exclusion of, any other rights which the Liquidating Party may have (whether by agreement, operation of law or otherwise), including any rights and remedies under the Uniform Commercial Code.
If the Liquidating Party elects to liquidate this Agreement, the Liquidating Party must terminate all Commodity Transactions under this Agreement.
With respect to each terminated Commodity Transaction, the Settlement Amount shall be equal to the contract quantity of crude oil, multiplied by the difference between the contract price per barrel specified in this Agreement (the “Contract Price”) and the market price per barrel of crude oil on the date the Liquidating Party terminates this Agreement (the “Market Price”).