Common use of Payments on Termination Clause in Contracts

Payments on Termination. 40.1 The Calculation Agent, in good faith and acting reasonably, will determine an amount, if any, (the Close-out Amount) that would be paid by (expressed as a positive) or to (expressed as a negative) the non-Affected Party in consideration of an agreement between the non-Affected Party and a third party that would have the effect of preserving for the non-Affected Party the economic equivalent of any payment in respect of the Transaction that would, but for the occurrence of the Early Termination Date, have been required after that date.

Appears in 4 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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Payments on Termination. 40.1 35.1 The Calculation Agent, in good faith and acting reasonably, will determine an the amount, if any, (the β€œClose-out Amount”) that would be paid by (expressed as a positive) or to (expressed as a negative) the non-Affected Party affected party in consideration of an agreement between the non-Affected Party affected party and a third party that would have the effect of preserving for the non-Affected Party affected party the economic equivalent of any payment in respect of the a Transaction that would, but for the occurrence of the Early Termination Date, have been required after that date.

Appears in 1 contract

Samples: Online Client Agreement

Payments on Termination. 40.1 41.1 The Calculation Agent, in good faith and acting reasonably, will determine an amount, if any, (the Close-out Amount) that would be paid by (expressed as a positive) or to (expressed as a negative) the non-Affected Party in consideration of an agreement between the non-Affected Party and a third party that would have the effect of preserving for the non-Affected Party the economic equivalent of any payment in respect of the Transaction that would, but for the occurrence of the Early Termination Date, have been required after that date.

Appears in 1 contract

Samples: Client Agreement

Payments on Termination. 40.1 48.1 The Calculation Agent, in good faith and acting reasonably, will determine an amount, if any, (the Close-out Amount) that would be paid by (expressed as a positive) or to (expressed as a negative) the non-Affected Party in consideration of an agreement between the non-non- Affected Party and a third party that would have the effect of preserving for the non-Affected Party the economic equivalent of any payment in respect of the Transaction that would, but for the occurrence of the Early Termination Date, have been required after that date.

Appears in 1 contract

Samples: Client Agreement

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Payments on Termination. 40.1 38.1 The Calculation Agent, in good faith and acting reasonably, will determine an amount, if any, (the Close-out Amount) that would be paid by (expressed as a positive) or to (expressed as a negative) the non-Affected Party in consideration of an agreement between the non-Affected Party and a third party that would have the effect of preserving for the non-Affected Party the economic equivalent of any payment in respect of the Transaction that would, but for the occurrence of the Early Termination Date, have been required after that date.

Appears in 1 contract

Samples: Client Agreement

Payments on Termination. 40.1 The 38.1The Calculation Agent, in good faith and acting reasonably, will determine an amount, if any, (the Close-Close- out Amount) that would be paid by (expressed as a positive) or to (expressed as a negative) the non-non- Affected Party in consideration of an agreement between the non-Affected Party and a third party that would have the effect of preserving for the non-Affected Party the economic equivalent of any payment in respect of the Transaction that would, but for the occurrence of the Early Termination Date, have been required after that date.

Appears in 1 contract

Samples: Client Agreement

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