What is the definition of a Foreign Party's Branch/Agency Net Payment Entitlement?
A Foreign Party's Branch/Agency Net Payment Entitlement refers to the amount that would have been owed by the non-Insolvent Party to a Foreign Party, under a Multi-Branch Netting Agreement, after netting a Qualified Financial Contract entered into by the non-Insolvent with the branch or agency of the Foreign Party, which occurs in the State under such an agreement.