Master Netting Agreement definition

Master Netting Agreement means that certain Global Netting and Security Agreement, dated as of August 14, 2020, among Purchaser, Seller, and certain Affiliates and Subsidiaries of Purchaser, entered into in connection with this Agreement, as the same shall be amended, supplemented or otherwise modified from time to time.

Master Netting Agreement means an agreement under which 2 or more claims or obligations under one or more of the following:

Master Netting Agreement means the letter agreement among Buyer, Seller and certain Affiliates and Subsidiaries of Buyer and/or Seller, in the form attached hereto as Exhibit J, as it may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.

Examples of Master Netting Agreement in a sentence

• It publishes the following form of Master Netting Agreement which provides for the close-out and netting of the parties’ obligations under exchange-traded derivatives contracts.

• This paragraph is subject to any netting agreement which we may enter into with you (such as the United Kingdom Futures and Options Association Master Netting Agreement) so that any transaction falling within the scope of that netting agreement shall be dealt with as provided in that agreement and not as provided in these Terms of Business (and in case of inconsistency with these Terms of Business, that netting agreement shall prevail).

• As soon as El Paso recognizes ENA to be the Acquiring Shipper (as such term is defined in El Paso’s Tariff) as to the Initial Pipeline Capacity (the “Release Effective Date”), ET Gas shall be entitled to apply, and ENA shall apply, the Spread Value to the satisfaction of the PG&E Parties’ margin requirement under the ISDA Agreement and the Master Netting Agreement.

• In the event of any inconsistency among the Transaction Documents, the terms of the documents shall prevail in the following order (unless expressly stated otherwise in a Transaction Document): first, any Confirmation; second, the Master Netting Agreement; third, this Agreement; fourth, the Security Documents; and, fifth, the EEI Agreement, the ISDA Agreement and the NAESB Agreement.

• In the event of any conflict or inconsistency between this Agreement and any of the Underlying Master Agreements (where defined) or the Master Netting Agreement concerning the matters set forth in this Agreement, the provisions of this Agreement shall govern.

More Definitions of Master Netting Agreement

Master Netting Agreement means that certain Collateral Security, Setoff and Netting Agreement dated as of the date hereof, among Buyer, Seller and certain Affiliates and Subsidiaries of Buyer and/or Seller, as such agreement may be amended from time to time.

Master Netting Agreement means the Master Collateral Security and Master Netting Agreement dated as of September 2, 2005 among Buyer, Guarantor and Sellers, as it may be further amended, supplemented or otherwise modified from time to time.

Master Netting Agreement means an agreement providing for the netting of mutual claims and liabilities arising from several individual legal transactions, and for the terms and conditions of netting when the subjects of these transactions are different, and that default of a party on any of the transactions gives to the non-defaulting party the right to terminate that agreement;

Master Netting Agreement means an agreement providing for the netting of claims based on individual legal transactions (hereinafter: transactions) and, in the case of termination of agreements, the settlement of amounts related to all transactions. Master netting agreements provide for the netting of gains and losses on transactions closed out under a master agreement. Such agreements lay down the terms and conditions of netting where the parties trade in different products regulated by individual agreements. A master netting agreement provides for the overall relationship of the parties in case of trading in different products by giving the non-defaulting party the right to terminate and close-out all transactions under the agreement upon the event of default on any of the transactions;

Master Netting Agreement means the Guarantee and Master Netting Agreement dated as of March 18, 2009 among GMAC IM, GMAC LLC, the ResCap Counterparties, and the Borrowers, as the same may be amended, supplemented, restated or otherwise modified from time to time.

Master Netting Agreement means the Master Netting, Setoff, Security and Collateral Agreement, dated as of June 29, 2009, among IDT, BP, and BPCNA.

Master Netting Agreement means that certain Master Netting Agreement, dated as of September 14, 2015 by and among the PMC, the Guarantor, Barclays Capital Inc. and the Lender, as amended.