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Common use of Brokerage Confirmations Clause in Contracts

Brokerage Confirmations. The parties acknowledge that to the extent regulations of the ! Comptroller of Currency or other applicable regulatory entity grant a right to receive brokerage confirmations of security transactions of the escrow, the parties waive receipt of such confirmations, to the extent permitted by law. The Agent shall furnish a statement of security transactions on its regular monthly reports. 1

Appears in 1 contract

Samples: Power Purchase Agreement

Brokerage Confirmations. The parties acknowledge that to the extent regulations of the ! Comptroller of Currency or other applicable regulatory entity grant a right to receive brokerage confirmations of security transactions of the escrow, the parties waive receipt of such confirmations, to the extent permitted by law. The Agent shall furnish a statement of security transactions on its regular monthly reports. 1.

Appears in 1 contract

Samples: Power Purchase Agreement

Brokerage Confirmations. The parties acknowledge that to the extent regulations of the ! Comptroller of Currency or other applicable regulatory entity grant a right to receive brokerage confirmations of security transactions of the escrow, the parties waive receipt of such confirmations, to the extent permitted by law. The Escrow Agent shall furnish a statement of security transactions on its regular monthly reports. 1This language eliminates the need to send investment confirmations each time a trade is executed in the escrow account, and also eliminates the need for a separate letter from the parties waiving this requirement.

Appears in 1 contract

Samples: Escrow Agreement

Brokerage Confirmations. The parties acknowledge that to the extent regulations of the ! Comptroller of Currency or other applicable regulatory entity grant a right to receive brokerage confirmations of security transactions of the escrow, the parties waive receipt of such confirmations, to the extent permitted by law. The Escrow Agent shall furnish a statement of security transactions on its regular monthly reports. 1This language eliminates the need to send investment confirmations each time a trade is executed in the escrow account, and also eliminates the need for a separate letter from the Debtors waiving this requirement.

Appears in 1 contract

Samples: Equity Commitment Escrow Agreement

Brokerage Confirmations. The parties Parties acknowledge that that, to the extent regulations of the ! Comptroller of Currency or other applicable regulatory entity grant a right to receive brokerage confirmations of security transactions of the escrow, the parties Parties waive receipt of such confirmations, to the extent permitted by law. The Agent shall furnish a statement of security securities transactions on its regular monthly reports. 1.

Appears in 1 contract

Samples: Power Purchase Agreement

Brokerage Confirmations. The parties acknowledge that to the extent regulations of the ! Comptroller of Currency or other applicable regulatory entity agencies grant a right to receive brokerage confirmations of security transactions of related to the escrowAccount, the parties waive receipt of such confirmations, to the extent permitted by law. The Escrow Agent shall furnish a statement of security transactions on its regular monthly reports. 1to a party hereto requesting the same pursuant to Section 8 above.

Appears in 1 contract

Samples: Power Purchase and Sale Agreement

Brokerage Confirmations. The parties acknowledge that to the extent regulations of the ! Comptroller of Currency or other applicable regulatory entity grant a right to receive brokerage confirmations of security transactions of the the. escrow, the parties waive receipt of such confirmations, to the extent permitted by law. The Agent shall furnish a statement of security transactions on its regular monthly reports. 1.

Appears in 1 contract

Samples: Power Purchase Agreement