Common use of Confirmation Process Clause in Contracts

Confirmation Process. Unless otherwise agreed by the parties, the Seller (as defined in the relevant Transaction Supplement) in respect of each Option Transaction must prepare the transaction supplement, which shall be substantially in the form attached to an applicable Annex specified in the Exhibit hereto (each, a “Transaction Supplement”) for such Transaction and such Transaction Supplement shall state that it is a Transaction Supplement which supplements, forms a part of, and is subject to this Master Confirmation Agreement. Such Transaction Supplement will supplement, form a part of, and be subject to, the ISDA Master Agreement between [Insert full legal name of Party A] and [Insert full legal name of Party B] dated as of [Insert Date], as amended and supplemented from time to time (the “Master Agreement”), and the “Confirmation” of such Transaction shall consist of this Master Confirmation Agreement including the relevant form of General Terms Confirmation contained in an applicable Annex specified in the Exhibit hereto (each, a “General Terms Confirmation”) for such Transaction as supplemented by the trade details applicable to such Transaction as set forth in the Transaction Supplement. Each Transaction Supplement must include, at a minimum, all the information set out in the form of Transaction Supplement relevant to the Transaction for which an election is not provided in the relevant General Terms Confirmation or the Definitions. In the event of any inconsistency between (i) this Master Confirmation Agreement and a General Terms Confirmation, the General Terms Confirmation shall govern for the purposes of the Transactions documented pursuant to such General Terms Confirmation; (ii) this Master Confirmation Agreement, the relevant General Terms Confirmation and a Transaction Supplement, the Transaction Supplement shall govern for the purposes of the relevant Transaction; and (iii) the Definitions and a Transaction Supplement, the Transaction Supplement shall govern for the purposes of the relevant Transaction.

Confirmation Process. Unless otherwise agreed by Party A and Party B intend to enter into one or more separate Master Transactions relating to a CDX Emerging Markets Diversified index, as specified in the partiesrelevant Transaction Supplement substantially in the form attached as Exhibit B (a “Transaction Supplement”). Party A and Party B agree that, each time they enter into a Master Transaction, they enter into a separate and independent Credit Derivative Transaction (a “Component Transaction”) in respect of each Reference Entity listed in the Seller Relevant Annex (as defined in the relevant General Terms Confirmation defined below). Each Component Transaction Supplement) shall have the terms specified in respect of the General Terms Confirmation attached as Exhibit A (the “General Terms Confirmation”). The confirmation applicable to each Option Transaction must prepare the transaction supplementMaster Transaction, which shall be substantially in the form attached to an applicable Annex specified in the Exhibit hereto (each, constitute a “Transaction Supplement”) Confirmation” for such Transaction and such Transaction Supplement shall state that it is a Transaction Supplement which supplements, forms a part the purposes of, and is subject to this Master Confirmation Agreement. Such Transaction Supplement will supplement, form a part of, and be subject to, the [1992 ISDA Master Agreement between (Multicurrency - Cross Border)] [Insert full legal name of Party A2002 ISDA Master Agreement] and [Insert full legal name of Schedule thereto between Party B] A and Party B dated as of [Insert Date[ ], as amended and supplemented from time to time (the “Master Agreement”), and the “Confirmation” of such Transaction shall consist of this Master Confirmation Agreement Agreement, including the relevant form of General Terms Confirmation contained in an applicable Annex specified in the Exhibit hereto (each, a “General Terms Confirmation”) for such Transaction , as supplemented by the trade details applicable to such Master Transaction as set forth in the relevant Transaction Supplement. Each Transaction Supplement must include, at a minimum, all the information set out in the form of Transaction Supplement relevant to the Transaction for which an election is not provided in the relevant General Terms Confirmation or the Definitions. In the event of any inconsistency between (i) the Credit Derivatives Definitions and this Master Confirmation Agreement and a General Terms Confirmation, (including the General Terms Confirmation and the relevant Transaction Supplement), this Master Confirmation Agreement shall govern for the purposes purpose of the Transactions documented pursuant to such relevant Master Transaction. In the event of any inconsistency between this Master Confirmation Agreement (including the General Terms Confirmation; (ii) this Master Confirmation Agreement, the relevant General Terms Confirmation and a Transaction Supplement, the Transaction Supplement shall govern for the purposes purpose of the relevant Master Transaction; and (iii) the Definitions and a Transaction Supplement, the . The Transaction Supplement shall govern for the purposes set forth, at a minimum, all of the relevant Transaction.information set out in the form of Transaction Supplement attached hereto as Exhibit B.

Confirmation Process. Unless otherwise agreed by Party A and Party B intend to enter into one or more separate Master Transactions relating to a CDX emerging markets index, as specified in the partiesrelevant Transaction Supplement substantially in the form attached as Exhibit B (a “Transaction Supplement”). Party A and Party B agree that, each time they enter into a Master Transaction, they enter into a separate and independent Credit Derivative Transaction (a “Component Transaction”) in respect of each Reference Entity listed in the Seller Relevant Annex (as defined in the relevant General Terms Confirmation defined below). Each Component Transaction Supplement) shall have the terms specified in respect of the General Terms Confirmation attached as Exhibit A (the “General Terms Confirmation”). The confirmation applicable to each Option Transaction must prepare the transaction supplementMaster Transaction, which shall be substantially in the form attached to an applicable Annex specified in the Exhibit hereto (each, constitute a “Transaction Supplement”) Confirmation” for such Transaction and such Transaction Supplement shall state that it is a Transaction Supplement which supplements, forms a part the purposes of, and is subject to this Master Confirmation Agreement. Such Transaction Supplement will supplement, form a part of, and be subject to, the [1992 ISDA Master Agreement between (Multicurrency - Cross Border)] [Insert full legal name of Party A2002 ISDA Master Agreement] and [Insert full legal name of Schedule thereto between Party B] A and Party B dated as of [Insert Date[ ], as amended and supplemented from time to time (the “Master Agreement”), and the “Confirmation” of such Transaction shall consist of this Master Confirmation Agreement Agreement, including the relevant form of General Terms Confirmation contained in an applicable Annex specified in the Exhibit hereto (each, a “General Terms Confirmation”) for such Transaction , as supplemented by the trade details applicable to such Master Transaction as set forth in the relevant Transaction Supplement. Each Transaction Supplement must include, at a minimum, all the information set out in the form of Transaction Supplement relevant to the Transaction for which an election is not provided in the relevant General Terms Confirmation or the Definitions. In the event of any inconsistency between (i) the Credit Derivatives Definitions and this Master Confirmation Agreement and a General Terms Confirmation, (including the General Terms Confirmation and the relevant Transaction Supplement), this Master Confirmation Agreement shall govern for the purposes purpose of the Transactions documented pursuant to such relevant Master Transaction. In the event of any inconsistency between this Master Confirmation Agreement (including the General Terms Confirmation; (ii) this Master Confirmation Agreement, the relevant General Terms Confirmation and a Transaction Supplement, the Transaction Supplement shall govern for the purposes purpose of the relevant Master Transaction; and (iii) the Definitions and a Transaction Supplement, the . The Transaction Supplement shall govern for the purposes set forth, at a minimum, all of the relevant Transaction.information set out in the form of Transaction Supplement attached hereto as Exhibit B.

Confirmation Process. Unless otherwise agreed by Party A and Party B intend to enter into one or more separate Master Transactions relating to a Dow Xxxxx CDX emerging markets index, as specified in the partiesrelevant Transaction Supplement substantially in the form attached as Exhibit B (a “Transaction Supplement”). Party A and Party B agree that, each time they enter into a Master Transaction, they enter into a separate and independent Credit Derivative Transaction (a “Component Transaction”) in respect of each Reference Entity listed in the Seller Relevant Annex (as defined in the relevant General Terms Confirmation defined below). Each Component Transaction Supplement) shall have the terms specified in respect of the General Terms Confirmation attached as Exhibit A (the “General Terms Confirmation”). The confirmation applicable to each Option Transaction must prepare the transaction supplementMaster Transaction, which shall be substantially in the form attached to an applicable Annex specified in the Exhibit hereto (each, constitute a “Transaction Supplement”) Confirmation” for such Transaction and such Transaction Supplement shall state that it is a Transaction Supplement which supplements, forms a part the purposes of, and is subject to this Master Confirmation Agreement. Such Transaction Supplement will supplement, form a part of, and be subject to, the [1992 ISDA Master Agreement between (Multicurrency - Cross Border)] [Insert full legal name of Party A2002 ISDA Master Agreement] and [Insert full legal name of Schedule thereto between Party B] A and Party B dated as of [Insert Date[ ], as amended and supplemented from time to time (the “Master Agreement”), and the “Confirmation” of such Transaction shall consist of this Master Confirmation Agreement Agreement, including the relevant form of General Terms Confirmation contained in an applicable Annex specified in the Exhibit hereto (each, a “General Terms Confirmation”) for such Transaction , as supplemented by the trade details applicable to such Master Transaction as set forth in the relevant Transaction Supplement. Each Transaction Supplement must include, at a minimum, all the information set out in the form of Transaction Supplement relevant to the Transaction for which an election is not provided in the relevant General Terms Confirmation or the Definitions. In the event of any inconsistency between (i) the Credit Derivatives Definitions and this Master Confirmation Agreement and a General Terms Confirmation, (including the General Terms Confirmation and the relevant Transaction Supplement), this Master Confirmation Agreement shall govern for the purposes purpose of the Transactions documented pursuant to such relevant Master Transaction. In the event of any inconsistency between this Master Confirmation Agreement (including the General Terms Confirmation; (ii) this Master Confirmation Agreement, the relevant General Terms Confirmation and a Transaction Supplement, the Transaction Supplement shall govern for the purposes purpose of the relevant Master Transaction; and (iii) the Definitions and a Transaction Supplement, the . The Transaction Supplement shall govern for the purposes set forth, at a minimum, all of the relevant Transaction.information set out in the form of Transaction Supplement attached hereto as Exhibit B.

Confirmation Process. Unless otherwise agreed by Party A and Party B intend to enter into one or more separate Master Transactions relating to a Dow Xxxxx CDX Emerging Markets Diversified index, as specified in the partiesrelevant Transaction Supplement substantially in the form attached as Exhibit B (a “Transaction Supplement”). Party A and Party B agree that, each time they enter into a Master Transaction, they enter into a separate and independent Credit Derivative Transaction (a “Component Transaction”) in respect of each Reference Entity listed in the Seller Relevant Annex (as defined in the relevant General Terms Confirmation defined below). Each Component Transaction Supplement) shall have the terms specified in respect of the General Terms Confirmation attached as Exhibit A (the “General Terms Confirmation”). The confirmation applicable to each Option Transaction must prepare the transaction supplementMaster Transaction, which shall be substantially in the form attached to an applicable Annex specified in the Exhibit hereto (each, constitute a “Transaction Supplement”) Confirmation” for such Transaction and such Transaction Supplement shall state that it is a Transaction Supplement which supplements, forms a part the purposes of, and is subject to this Master Confirmation Agreement. Such Transaction Supplement will supplement, form a part of, and be subject to, the [1992 ISDA Master Agreement between (Multicurrency - Cross Border)] [Insert full legal name of Party A2002 ISDA Master Agreement] and [Insert full legal name of Schedule thereto between Party B] A and Party B dated as of [Insert Date[ ], as amended and supplemented from time to time (the “Master Agreement”), and the “Confirmation” of such Transaction shall consist of this Master Confirmation Agreement Agreement, including the relevant form of General Terms Confirmation contained in an applicable Annex specified in the Exhibit hereto (each, a “General Terms Confirmation”) for such Transaction , as supplemented by the trade details applicable to such Master Transaction as set forth in the relevant Transaction Supplement. Each Transaction Supplement must include, at a minimum, all the information set out in the form of Transaction Supplement relevant to the Transaction for which an election is not provided in the relevant General Terms Confirmation or the Definitions. In the event of any inconsistency between (i) the Credit Derivatives Definitions and this Master Confirmation Agreement and a General Terms Confirmation, (including the General Terms Confirmation and the relevant Transaction Supplement), this Master Confirmation Agreement shall govern for the purposes purpose of the Transactions documented pursuant to such relevant Master Transaction. In the event of any inconsistency between this Master Confirmation Agreement (including the General Terms Confirmation; (ii) this Master Confirmation Agreement, the relevant General Terms Confirmation and a Transaction Supplement, the Transaction Supplement shall govern for the purposes purpose of the relevant Master Transaction; and (iii) the Definitions and a Transaction Supplement, the . The Transaction Supplement shall govern for the purposes set forth, at a minimum, all of the relevant Transaction.information set out in the form of Transaction Supplement attached hereto as Exhibit B.

Confirmation Process. Unless otherwise agreed by Party A and Party B intend to enter into one or more separate Master Transactions relating to a CDX index, as specified in the partiesrelevant Transaction Supplement substantially in the form attached as Exhibit B (a “Transaction Supplement”). Party A and Party B agree that, each time they enter into a Master Transaction, they enter into a separate and independent Credit Derivative Transaction (a “Component Transaction”) in respect of each Reference Entity listed in the Seller Relevant Annex (as defined in the relevant General Terms Confirmation defined below). Each Component Transaction Supplement) shall have the terms specified in respect of the General Terms Confirmation attached as Exhibit A (the “General Terms Confirmation”). The confirmation applicable to each Option Transaction must prepare the transaction supplementMaster Transaction, which shall be substantially in the form attached to an applicable Annex specified in the Exhibit hereto (each, constitute a “Transaction Supplement”) Confirmation” for such Transaction and such Transaction Supplement shall state that it is a Transaction Supplement which supplements, forms a part the purposes of, and is subject to this Master Confirmation Agreement. Such Transaction Supplement will supplement, form a part of, and be subject to, the [1992 ISDA Master Agreement between (Multicurrency - Cross Border)] [Insert full legal name of Party A2002 ISDA Master Agreement] and [Insert full legal name of Schedule thereto between Party B] A and Party B dated as of [Insert Date[ ], as amended and supplemented from time to time (the “Master Agreement”), and the “Confirmation” of such Transaction shall consist of this Master Confirmation Agreement Agreement, including the relevant form of General Terms Confirmation contained in an applicable Annex specified in the Exhibit hereto (each, a “General Terms Confirmation”) for such Transaction , as supplemented by the trade details applicable to such Master Transaction as set forth in the relevant Transaction Supplement. Each Transaction Supplement must include, at a minimum, all the information set out in the form of Transaction Supplement relevant to the Transaction for which an election is not provided in the relevant General Terms Confirmation or the Definitions. In the event of any inconsistency between (i) the Credit Derivatives Definitions and this Master Confirmation Agreement and a General Terms Confirmation, (including the General Terms Confirmation and the relevant Transaction Supplement), this Master Confirmation Agreement shall govern for the purposes purpose of the Transactions documented pursuant to such relevant Master Transaction. In the event of any inconsistency between this Master Confirmation Agreement (including the General Terms Confirmation; (ii) this Master Confirmation Agreement, the relevant General Terms Confirmation and a Transaction Supplement, the Transaction Supplement shall govern for the purposes purpose of the relevant Master Transaction; and (iii) the Definitions and a Transaction Supplement, the . The Transaction Supplement shall govern for the purposes set forth, at a minimum, all of the relevant Transaction.information set out in the form of Transaction Supplement attached hereto as Exhibit B.

Confirmation Process. Unless otherwise agreed by Party A and Party B intend to enter into one or more separate Master Transactions relating to a Dow Xxxxx CDX index, as specified in the partiesrelevant Transaction Supplement substantially in the form attached as Exhibit B (a “Transaction Supplement”). Party A and Party B agree that, each time they enter into a Master Transaction, they enter into a separate and independent Credit Derivative Transaction (a “Component Transaction”) in respect of each Reference Entity listed in the Seller Relevant Annex (as defined in the relevant General Terms Confirmation defined below). Each Component Transaction Supplement) shall have the terms specified in respect of the General Terms Confirmation attached as Exhibit A (the “General Terms Confirmation”). The confirmation applicable to each Option Transaction must prepare the transaction supplementMaster Transaction, which shall be substantially in the form attached to an applicable Annex specified in the Exhibit hereto (each, constitute a “Transaction Supplement”) Confirmation” for such Transaction and such Transaction Supplement shall state that it is a Transaction Supplement which supplements, forms a part the purposes of, and is subject to this Master Confirmation Agreement. Such Transaction Supplement will supplement, form a part of, and be subject to, the [1992 ISDA Master Agreement between (Multicurrency - Cross Border)] [Insert full legal name of Party A2002 ISDA Master Agreement] and [Insert full legal name of Schedule thereto between Party B] A and Party B dated as of [Insert Date[ ], as amended and supplemented from time to time (the “Master Agreement”), and the “Confirmation” of such Transaction shall consist of this Master Confirmation Agreement Agreement, including the relevant form of General Terms Confirmation contained in an applicable Annex specified in the Exhibit hereto (each, a “General Terms Confirmation”) for such Transaction , as supplemented by the trade details applicable to such Master Transaction as set forth in the relevant Transaction Supplement. Each Transaction Supplement must include, at a minimum, all the information set out in the form of Transaction Supplement relevant to the Transaction for which an election is not provided in the relevant General Terms Confirmation or the Definitions. In the event of any inconsistency between (i) the Credit Derivatives Definitions and this Master Confirmation Agreement and a General Terms Confirmation, (including the General Terms Confirmation and the relevant Transaction Supplement), this Master Confirmation Agreement shall govern for the purposes purpose of the Transactions documented pursuant to such relevant Master Transaction. In the event of any inconsistency between this Master Confirmation Agreement (including the General Terms Confirmation; (ii) this Master Confirmation Agreement, the relevant General Terms Confirmation and a Transaction Supplement, the Transaction Supplement shall govern for the purposes purpose of the relevant Master Transaction; and (iii) the Definitions and a Transaction Supplement, the . The Transaction Supplement shall govern for the purposes set forth, at a minimum, all of the relevant Transaction.information set out in the form of Transaction Supplement attached hereto as Exhibit B.