Common use of Offices; Multibranch Party Clause in Contracts

Offices; Multibranch Party. (a) If this Section 10.11(a) is specified in the Schedule as applying, each party that enters into a Transaction through an Office other than its head or home office represents to and agrees with the other party that, notwithstanding the place of booking or its jurisdiction of incorporation or organization, its obligations are the same in terms of recourse against it as if it had entered into the Transaction through its head or home office. This representation will be deemed to be repeated by such party on each date on which a Transaction is entered into.

Appears in 2 contracts

Samples: Options Master Agreement, www.cimb.com.my

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Offices; Multibranch Party. (a) If this Section 10.11(a11.11(a) is specified in the Schedule as applying, each party that enters into a Transaction through an Office other than its head or home office represents to and agrees with the other party that, notwithstanding the place of booking or its jurisdiction of incorporation or organization, its obligations are the same in terms of recourse against it as if it had entered into the Transaction through its head or home office. This representation will be deemed to be repeated by such party on each date on which a Transaction is entered into.

Appears in 2 contracts

Samples: Foreign Exchange and Foreign Exchange Options Master Agreement, Foreign Exchange and Foreign Exchange Options Master Agreement

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