Common use of Transaction Confirmation Clause in Contracts

Transaction Confirmation. (a) Upon the parties' agreement to enter into a Transaction hereunder, the Buyer shall prepare and deliver to the Seller, at least one Business Day prior to the Purchase Date for the Transaction, a Confirmation for such Transaction. (b) The Confirmation shall list the Purchased Loans and set forth (i) the Purchase Date, (ii) the Purchase Price, (iii) the anticipated Repurchase Date, (iv) the Pricing Rate or Repurchase Price applicable to the Transaction, and (v) any additional terms or conditions of the Transaction. (c) The Confirmation, together with this Agreement, shall constitute conclusive evidence of the terms agreed between the Buyer and the Seller, and shall be binding upon the parties unless written notice of objection is given by the objecting party prior to the closing of the Transaction. (d) In the event of any conflict between the terms of a Confirmation and this Agreement, the Confirmation shall prevail.