Common use of CONTRACTING AS PRINCIPAL Clause in Contracts

CONTRACTING AS PRINCIPAL. Party A will enter into all Transactions as principal and not otherwise and Party B will enter into all Transactions in its capacity as trustee of the Trust and not otherwise.” (i) Section 12 is amended as follows:- (i) In Section 12(a), insert “and settlement instructions” after “Section 5 or 6” in line 2. (ii) Section 12(a)(iii) is replaced with: (iii) if sent by facsimile transmission, on the date a transmission report is produced by the machine from which the facsimile was sent which indicates that the facsimile was sent in its entirety to the facsimile number of the recipient notified for the purpose of this Section, unless the recipient notifies the sender within one Local Business Day of the facsimile being sent that the facsimile was not received in its entirety and in legible form.” (j) In Section 14, add the following new definitions:

CONTRACTING AS PRINCIPAL. Party A will enter into all Transactions as principal and not otherwise and Party B will enter into all Transactions in its capacity as trustee of the Trust and not otherwise.” (i) Section 12 is amended as follows:- (i) In Section 12(a), insert “"and settlement instructions” " after “"Section 5 or 6” " in line 2. (ii) Section 12(a)(iii) is replaced with: (iii) if sent by facsimile transmission, on the date a transmission report is produced by the machine from which the facsimile was sent which indicates that the facsimile was sent in its entirety to the facsimile number of the recipient notified for the purpose of this Section, unless the recipient notifies the sender within one Local Business Day of the facsimile being sent that the facsimile was not received in its entirety and in legible form.”" (j) (i) In Section 14, add the following new definitions: