Common use of FDICIA Representations Clause in Contracts

FDICIA Representations. The following provisions shall not apply to this agreement. Each Party represents and warrants to the other Party that it is a financial institution under the provisions of Title IV of the Federal Deposit Insurance Corporation Improvement Act of 1991 ("FDICIA"), and the Parties agree that this agreement shall be a netting contract, as defined in FDICIA, and each receipt or payment or delivery obligation hereunder shall be a covered contractual payment entitlement or covered contractual payment obligations, respectively, as defined in and subject to FDICIA.

Appears in 30 contracts

Samples: Customer Agreement (Witter Dean Spectrum Strategic Lp), Customer Agreement (Witter Dean Diversified Futures Fund Lp), Customer Agreement (Dean Witter Portfolio Strategy Fund Lp)

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