Template:GTMA Master Agreement 2004 8.5

8.5 Netting
If on any date Statement Amounts would otherwise be payable by each Party to the other as a result of 2 Monthly Statements being issued, then, on that date, each Party's obligation to make payment of any such amount will be automatically satisfied and discharged and, if the Statement Amount that would otherwise have been payable by one Party exceeds the Statement Amount that would otherwise have been payable by the other Party, replaced by an obligation upon the Party by whom the larger Statement Amount would have been payable to pay to the other Party the excess of the larger Statement Amount over the smaller Statement Amount.