Open Operation definition
Open Operation means any Coverage Operation of the Client in which the Date of Valuation has not occurred, or respect of which no contrary operation canceling it has been carried out and the results of the operation have been settled.
Examples of Open Operation in a sentence
The maximum responsibility of each one of the Parties under this Contract will be limited only and exclusively to the valuation that at each moment may have each one of the Parties with respect to the other in each Open Operation and in each Operation invoiced and not paid for.