Express Confirmation Clause Samples
The Express Confirmation clause serves to explicitly affirm the parties' agreement to the terms and conditions outlined in a contract. Typically, this clause requires each party to acknowledge, often in writing or by signature, that they have read, understood, and accepted all provisions of the agreement. By obtaining clear and direct confirmation, the clause helps prevent disputes over whether the parties were aware of or consented to the contract's terms, thereby ensuring clarity and mutual understanding.
Express Confirmation. From time to time Correspondent and E-LOAN may mutually agree to grant E-LOAN the authority to submit Loans for purchase to the Correspondent without having a specific Confirmation issued according to the terms in Sections 2.2 and 2.3. Under such programs, Correspondent will provide to E-LOAN specific Express Purchase Criteria that if Correspondent reasonably deems that Purchase Criteria has been met, will constitute a Confirmation according to Section 2.3. Such Express Purchase Criteria may be changed from time to time by Correspondent, with changes in the Express Purchase Criteria effective immediately and subject to the terms of Section 7.3.