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{{ | {{isda92prov|2(c)}} '''{{isda92prov|Netting}}'''. If on any date amounts would otherwise be payable by each party to the other | ||
:(i) in the same currency; and | :(i) in the same currency; and | ||
:(ii) under the same Transaction, | :(ii) under the same Transaction, | ||
then those obligations will be satisfied and replaced by an obligation on the party owing the larger amount to pay the difference. The parties may net payments across multiple specified {{ | then those obligations will be satisfied and replaced by an obligation on the party owing the larger amount to pay the difference. The parties may net payments across multiple specified {{isda92prov|Transactions}} by saying clause {{isda92prov|2(c)(ii)}} will therefore not apply. This election may apply to different groups of {{isda92prov|Transaction}}s, will apply separately to each pairing of specified {{isda92prov|Offices}} and will take effect as agreed between the parties.<br> | ||