Common use of Transaction Terms and Conditions Clause in Contracts

Transaction Terms and Conditions. Amend Article Two as follows: Section 2.1 is amended by adding the following sentence to the end thereof “Any Transaction formed and effectuated pursuant to the foregoing shall be considered a ‘writing’ or ‘in writing’ and to have been ‘signed’ by each Party or otherwise binding on the Parties.” Section 2.2 is amended to delete the second comma after the words “supplements hereto),” and before “the Party” in the second sentence. Section 2.4 is amended by (i) deleting the words “either orally or” after the phrase “Section 2.3 unless agreed to” in the second to last line thereof. Section 2.5 is amended (i) to delete the phrase “Unless a Party expressly objects to a Recording (defined below) at the beginning of a telephone conversation,”; (ii) by capitalizing the word “each” in the first sentence; and (iii) replacing the words “Parties to this Master Agreement” with “Parties’ trading and marketing personnel”. A new Section 2.6 is added to read as follows: “2.6

Appears in 4 contracts

Samples: Master Agreement, Master Power Purchase and Sale Agreement, Master Power Purchase and Sale Agreement

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