Confirmation Procedures. Except as otherwise expressly provided in a Confirmation with respect to a Transaction, for each Transaction that Party A and Party B enter hereunder, Party A shall promptly send to Party B a Confirmation setting forth the terms of such Transaction. Party B shall promptly execute and return the Confirmation to Party A or request correction of any error. Failure of Party B to respond within such period shall not affect the validity or enforceability of such Transaction and shall be deemed to be an affirmation and acceptance of such terms.
Appears in 4 contracts
Samples: Isda 2002 Master Agreement (FS Investment Corp III), Account Control Agreement (FS Investment Corp III), Master Agreement (NewStar Financial, Inc.)
Confirmation Procedures. Except as otherwise expressly provided in a Confirmation with respect to a Transaction, for For each Transaction that Party A and Party B enter hereunder, Party A shall promptly send to Party B a Confirmation setting forth the terms of such Transaction. Party B shall promptly execute and return the Confirmation to Party A or request correction of any errorerror within five Business Days of receipt. Failure of Party B to respond within such period shall not affect the validity or enforceability of such Transaction and shall be deemed to be an affirmation and acceptance of such terms.
Appears in 2 contracts
Samples: Master Agreement (Lifepoint Hospitals, Inc.), Master Agreement (Parallel Petroleum Corp)
