Common use of Initiation; Confirmation; Termination Clause in Contracts

Initiation; Confirmation; Termination. (a) A Transaction may be entered into orally or in writing at the initiation of either the Buyer or the Seller. (b) Upon agreeing to enter into a Transaction hereunder the Buyer or the Seller, as shall have been agreed, shall by the business day next following a transaction deliver to the other Party written confirmation of such Transaction (a "Confirmation"). The Confirmation shall describe the Purchased Securities (including any identifying number or numbers, if any), identify the Buyer and the Seller and set forth - (i) the Purchase Date; (ii) the Purchase Price; (iii) the Repurchase Date or in the case of no Repurchase Date, that the Transaction is terminable on demand by either Buyer or Seller; (iv) the Pricing Rate applicable to the Transaction; (v) in respect of each Party the details of the bank account(s) to which payments to be made hereunder are to be credited;

Initiation; Confirmation; Termination. (a) A Transaction may be entered into orally or in writing at the initiation of either the Buyer or the Seller. (b) Upon agreeing to enter into a Transaction hereunder the Buyer or the SellerSeller (or both), as shall have been agreed, shall by the business day next following a transaction promptly deliver to the other Party party written confirmation of such Transaction (a "ConfirmationCONFIRMATION"). The Confirmation shall describe the Purchased Securities (including any CUSIP or CINS or other identifying number or numbers, if any), identify the Buyer and the Seller and set forth -forth- (i) the Purchase Date; ; (ii) the Purchase Price; ; (iii) the Repurchase Date or in the case of no Repurchase Date, that unless the Transaction is to be terminable on demand by either Buyer or Seller; (in which case the Confirmation will state that it is terminable on demand); (iv) the Pricing Rate applicable to the Transaction; (v) in respect of each Party the details of the bank account(s) to which payments to be made hereunder are to be credited;

Initiation; Confirmation; Termination. (a) A Transaction may be entered into orally or in writing at the initiation of either the Buyer or the Seller. (b) Upon agreeing to enter into a Transaction hereunder the Buyer or the Seller, as shall have been agreed, shall by the business day next following a transaction promptly deliver to the other Party written confirmation of such Transaction (a "Confirmation"). The Confirmation shall describe the Purchased Securities (including any identifying number or numbers, if any), identify the Buyer and the Seller and set forth - (i) the Purchase Date; (ii) the Purchase Price; (iii) the Repurchase Date or in the case of no ofno Repurchase Date, that the Transaction is terminable on demand by either Buyer or Seller; (iv) the Pricing Rate applicable to the Transaction; (v) in respect of each Party the details of the bank account(s) to which payments to be made hereunder are to be credited;