Confirmation Procedure Sample Clauses

Confirmation Procedure. When, from time to time, Seller and Buyer agree upon the terms of a Transaction under this Agreement, then Seller shall promptly send to Buyer by facsimile or other mutually acceptable means a Confirmation setting forth the Effective Date, the Term, the Delivery Points and the Conveyance applicable to such Transaction. Buyer shall verify the accuracy of the Transaction set forth in the Confirmation, and return an executed copy of such Confirmation by facsimile or other mutually acceptable means at or prior to 5:00 p.m. Central Time on the Business Day immediately following the date such Confirmation was sent by Seller to Buyer (unless a different time is specified in the Confirmation, in which case such return shall occur at or prior to such different time).
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Confirmation Procedure. Each of the Parties agrees that it shall be legally bound to any transaction or agreement agreed to by the Parties (orally or otherwise) for the purchase and sale of any petroleum products, where Suncor is the seller and Counterparty is the purchaser, pursuant to the terms set forth in a written transaction or agreement confirmation delivered by Suncor to Counterparty (each, a “Confirmation”), provided that Counterparty does not deliver written notice under Section 20 of the General Terms and Conditions of its objection to any terms of the Confirmation to Suncor within two (2) business days after its receipt of the Confirmation, after which deadline the Confirmation shall be binding on Counterparty whether or not Counterparty executes and returns the Confirmation to Suncor. If Counterparty provides a timely notice under Section 20 of the General Terms and Conditions objecting to, changing, or proposing any new terms in or to a Confirmation, Suncor shall not be bound by any such proposed changes or new terms unless and until Suncor agrees to such changes or new terms in a writing signed by Suncor. If Counterparty accepts, takes delivery of, or purchases any petroleum products from Suncor pursuant to a purported transaction or agreement documented by a Confirmation which Counterparty has timely objected to, altered, or proposed new terms for, but which changes or new terms have not been assented to in writing by Suncor as set forth above, the terms of the original Confirmation delivered by Suncor (together with the General Terms and Conditions attached hereto) shall govern any such transaction or agreement and all sales thereunder. In the event that Counterparty accepts, takes delivery of, or purchases any petroleum products from Suncor without a valid Confirmation or separate purchase and sale agreement between the Parties, the General Terms and Conditions to this Agreement shall nonetheless govern such transactions. In the event that Counterparty accepts, takes delivery of, or purchases any product that is not listed in a valid Confirmation or separate purchase and sale agreement, the price for such product will be Suncor’s posted rack price for such product in effect at the time Counterparty lifts such product; provided that, notwithstanding the foregoing, Counterparty shall have no right to purchase, and Suncor shall have no obligation to sell, any product not listed in a valid Confirmation or separate purchase and sale agreement. The Parties agree that ...
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Confirmation Procedure. If the Parties come to an understanding regarding the sale and purchase of Gas, the transaction will be communicated in a Confirmation that will reflect the Transaction Type, Contract Quantity, Delivery Period, Contract Price, Delivery Point(s) and any other special terms to which the Parties have agreed. Each Confirmation shall be sent by TMV to Company via facsimile and shall become a part of this contract. If a Confirmation is not objected to or returned to TMV by Company via facsimile within two (2) Business Days of the successful transmittal thereof, then that Confirmation shall be accepted by both Parties.
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Confirmation Procedure. It will be legally bound from the time it agrees (orally or otherwise) to the terms of a transaction; provided that the in the case of each individual transaction to purchase or sell crude oil, condensate or other related liquid substances, the Party that is the seller shall confirm the terms of the transaction by sending a confirmation (also sometimes referred to as special provisions) to the other Party by facsimile or other electronic means within two (2) business days after the Parties have agreed to enter into a transaction (including orally), and, if the receiving Party does not notify the confirming Party, by facsimile or other mutually agreeable electronic means, of material differences between the confirmation and the receiving Party's understanding of the transaction terms, or otherwise object to the confirmation, within two (2) business days of receipt of the confirmation, the confirmation will then be deemed to constitute the receiving Party's agreement to the terms of the transaction as set out in the confirmation. If the Party that is the seller in an individual transaction fails to send the other Party a confirmation within two (2) business days after the Parties have agreed to enter into a transaction (including orally) as aforesaid, the other Party may confirm the terms of the transaction by sending a confirmation to the Party that is the seller by facsimile or other electronic means on the third (3rd) business day after the transaction is entered into, and, if the receiving Party does not notify the confirming Party, by facsimile or other mutually agreeable electronic means, of material differences between the confirmation and the receiving Party's understanding of the transaction terms within two (2) business days of receipt of the confirmation, the confirmation will then be deemed to constitute the selling Party's agreement to the terms of the transaction as set out in the confirmation provided by the buyer. SUNCOR ENERGY MARKETING INC, PETROLEUM DEVELOPMENT CORPORATION Per: /s/ Rxxxxxx Xxxxx Per: /s/ Exxx X Xxxxxxx Name: RXXXXXX XXXXX Name: EXXX X XXXXXXX Title: Vice President Title: EVP Crude Oil Marketing & Trading Suncor Energy Marketing Inc. SCHEDULE A
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Confirmation Procedure. During the term of this Agreement, Aquila and Counterparty may notify each other that Gas is available for purchase or sale. If the Parties agree to the terms of a Transaction, Aquila will prepare and send to the Counterparty, by facsimile or other mutually acceptable means, a Confirmation Letter containing the terms agreed upon by the Parties. The Confirmation Letter for each Transaction shall be substantially in the forms attached hereto as Exhibits "A" through "D," as applicable. No Confirmation Letter shall be necessary for Transactions having a Period of Delivery of less than one (1) calendar month, unless requested by either Party, in which case Aquila will prepare and send to the Counterparty, by facsimile or other mutually acceptable means, a Confirmation Letter containing the terms agreed upon by the Parties. The failure of Aquila to issue, or of the Parties to execute or the Counterparty to object to, a Confirmation Letter shall not invalidate the terms of any Oral Transactions entered into between the Parties under this Agreement. The failure of the Counterparty to notify Aquila of any disagreement with the Confirmation Letter by 5:00 p.m. CPT on the second Business Day after transmittal of the Confirmation Letter shall be deemed to be acceptance by such Party of the terms of such Confirmation Letter and such Confirmation Letter shall be deemed to be fully executed.
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Confirmation Procedure. Prior to requesting that TSYS provide Services with respect to Accounts of any of the kinds described in Section 3.3(b)(ii)(D), Capital One shall provide to TSYS such information as is reasonably necessary to demonstrate that such Accounts qualify as Capital One Accounts. If TSYS believes an Account for which Capital One requests Services does not qualify as a Capital One Account pursuant to Section 3.3(b), (i) TSYS shall notify Capital One of its objection within [***] Business Days of Capital One’s written request for such Services and (ii) upon receipt of such notice, Capital One may seek Expedited Dispute Resolution pursuant to Section 18.6. Time is of the essence with respect to such [***] Business Day period. Therefore, if TSYS does not object to Capital One’s request for Services for a particular Account within [***] Business Days after receiving the request, the Account shall be deemed a Capital One Account for the Term of this Agreement.
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Confirmation Procedure. When, from time to time during the period from the date hereof though and including December 31, 2002, Seller and Buyer agree upon the terms of a Transaction under this Agreement, <then Seller> Buyer shall promptly send <to Buyer by facsimile or other mutually acceptable means a Confirmation setting forth the Effective Date, the Term, the Delivery Points and the Conveyance applicable> a Confirmation thereof to <such Transaction. Buyer shall verify the accuracy of the Transaction set forth in the Confirmation, and return an executed copy of such Confirmation by facsimile or other mutually acceptable means at or prior to 5:00 p.m. Central Time on the Business Day immediately following the date such Confirmation was sent by> Seller <to Buyer (unless a different time is specified in the Confirmation, in which case such return shall occur at or prior to such different time)>.
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Confirmation Procedure 
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Related to Confirmation Procedure

  • Collection Procedure Escrow Agent is hereby authorized to deposit the proceeds of each wire in the Escrow Account.

  • Termination Procedure Regardless of basis, in the event of suspension or termination (in full or in part), the parties shall cooperate to ensure an orderly and efficient suspension or termination. Accordingly, Contractor shall deliver to Purchasers all goods and/or services that are complete (or with approval from Enterprise Services, substantially complete) and Purchasers shall inspect, accept, and pay for the same in accordance with this Master Contract and the applicable Purchase Order. Unless directed by Enterprise Services to the contrary, Contractor shall not process any orders after notice of suspension or termination inconsistent therewith.

  • Notification Procedures To address non-compliance, the receiving Competent Authority would notify the providing Competent Authority pursuant to Article 5 of the IGA. The notification procedures would differ depending upon whether the receiving Competent Authority seeks to address administrative or other minor errors or significant non-compliance.

  • Election Procedure (a) Each person who, on or prior to the Election Date, is a registered holder of Shares, other than Excluded Shares, shall be entitled to specify the number of such holder’s Shares with respect to which such holder makes a Mixed Election, a Cash Election or a Stock Election by complying with the procedures set forth in this Section 4.3.

  • Dispute Resolution Procedure 21.1 All disputes or grievances arising between the Parties shall as far as practical be resolved at the workplace level through consultation. Accordingly the following procedure must be followed:

  • Consultation Procedure If a party hereto is unable to meet the provisions of the Service Level Agreement, or in the event that a dispute arises relating to performance goals set forth in the Service Level Agreement, either party to this Agreement shall address any concerns it may have by requiring a consultation with the other party.

  • Arbitration Procedure 1301 In the event of the failure of the parties to settle a grievance by means of the grievance procedure stated in Article 12, within ten (10) days of the date upon which the written reply referred to in Article 12 is received from the Human Resources Director or equivalent, the matter may then be referred to arbitration as hereinafter set forth. 1302 If mutual agreement is not reached by both parties to choose a single Arbitrator within ten (10) days from the time that the matter is referred to arbitration as defined in 1301 above, then the procedure stated below will be followed. 1303 Either party may submit the matter in dispute to a Board of Arbitration by giving notice to the other party within a further seven (7) days and by appointing in that notice one (1) nominee of the intended Board of Arbitration. The other party to the dispute shall, within seven (7) days after the receipt of such notice, also appoint a nominee and the two (2) nominees thus appointed shall, within ten (10) days thereafter, select a third member who shall be Chairperson. 1304 Should either party fail to appoint an Arbitrator as herein provided, or if any Arbitrator thus appointed should fail or be unable to serve and another Arbitrator not be appointed in her/his place by the party who made the original appointment, then the other party to the dispute may request the Minister of Labour for Manitoba to select a substitute. 1305 Should the two (2) appointed nominees fail within ten (10) days to agree upon a Chairperson, the two (2) nominees shall forward a request to the Minister of Labour for Manitoba to select a Chairperson. 1306 It is mutually agreed by both parties to this Collective Agreement that the decision of the Arbitrator, or the decision of the Chairperson in the absence of the majority decision of the Arbitration Board shall be final and binding upon the Employer, the Union and the nurse(s) concerned; however, the Arbitrator or the Arbitration Board shall not be authorized to make any decisions inconsistent with the provisions in this Collective Agreement. 1307 The Board of Arbitration shall determine its own procedure but shall give full opportunity to all parties to present evidence and make representations. 1308 In the event of a grievance alleging unjust layoff, suspension or discharge being referred to arbitration, the Arbitrator or Board of Arbitration shall be authorized to rule whether or not the nurse(s) concerned shall be reinstated and, in the event of reinstatement, shall also be authorized to make an award in terms of compensation for regular salary lost or a reasonable alternate award, however, any monetary award shall not exceed the difference between salary lost and any wages that may have been earned from employment with another employer during the period of the layoff, suspension or discharge. 1309 Any costs incurred by either of the parties hereto, preceding or during arbitration proceedings, shall be borne by the respective parties incurring such costs, but the costs of the Arbitrator or of the Chairperson of the Arbitration Board shall be borne by the parties hereto in equal shares. 1310 For the purposes of determining lengths of time in the foregoing procedure, Saturdays, Sundays and Recognized Holidays are excluded. 1311 Nothing in this Collective Agreement shall preclude a nurse or the Union committee and the Employer from mutually agreeing to settle a dispute by means other than those described in the grievance and arbitration procedures or to extend any of the stipulated time limits. 1312 Nurses whose attendance is required at arbitration hearings related to the Agreement shall be given permission to be absent from work and shall not suffer any loss of salary as a result. 1313 The Arbitrator shall be requested to provide both parties with a hard (paper) copy as well as a disk/electronic version of an arbitration award.

  • Dispute Resolution Procedures (a) In the event a dispute arises about the interpretation, application, calculation of Loss, or calculation of payments or otherwise with respect to this Single Family Shared-Loss Agreement (“SF Shared-Loss Dispute Item”), then the Receiver and the Assuming Institution shall make every attempt in good faith to resolve such items within sixty (60) days following the receipt of a written description of the SF Shared-Loss Dispute Item, with notification of the possibility of taking the matter to arbitration (the date on which such 60-day period expires, or any extension of such period as the parties hereto may mutually agree to in writing, herein called the “Resolution Deadline Date”). If the Receiver and the Assuming Institution resolve all such items to their mutual satisfaction by the Resolution Deadline Date, then within thirty (30) days following such resolution, any payment due as a result of such resolution shall be made arising from the settlement of the SF Shared-Loss Dispute.

  • Transaction Procedures All series transactions for the Designated Series shall be consummated by payment to, or delivery by, the Custodian(s) from time to time designated by the Fund (the “Custodian”), or such depositories or agents as may be designated by the Custodian in writing, of all cash and/or securities due to or from the Series. The Subadviser shall not have possession or custody of such cash and/or securities or any responsibility or liability with respect to such custody. The Subadviser shall advise the Custodian and confirm in writing to the Fund all investment orders for the Designated Series placed by it with brokers and dealers at the time and in the manner set forth in Schedule A hereto (as amended from time to time). The Fund shall issue to the Custodian such instructions as may be appropriate in connection with the settlement of any transaction initiated by the Subadviser. The Fund shall be responsible for all custodial arrangements and the payment of all custodial charges and fees, and, upon giving proper instructions to the Custodian, the Subadviser shall have no responsibility or liability with respect to custodial arrangements or the act, omissions or other conduct of the Custodian.

  • Arbitration Procedures In the event that the employee and the School Board are unable to resolve any grievance, the grievance may be submitted to arbitration as defined herein:

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