Common use of Binding Commitments Clause in Contracts

Binding Commitments. Except as provided in paragraph (d) of this Section, a commitment, pair-off, extension or over-delivery, as described in the Selling Guide, as well as an automatic extension or pair-off, will only be binding on ▇▇▇▇▇▇ ▇▇▇ if and when Licensee is issued a confirmation from ▇▇▇▇▇▇ ▇▇▇ with a corresponding commitment number, either by the Licensed Application or another written communication (via e-mail or otherwise). ▇▇▇▇▇▇ ▇▇▇ reserves the right to refuse requests for pair-offs, extensions and over- deliveries at its sole option. The terms of the Section of the Master Terms entitled “Fees, Taxes and Billing” applies to all fees associated with pair-offs, extensions and over-deliveries.

Binding Commitments. Except as provided in paragraph (d) of this Section, a commitment, pair-off, extension or over-delivery, as described in the Selling Guide, as well as an automatic extension or pair-off, will only be binding on ▇▇▇▇▇▇ ▇▇▇ if and when Licensee is issued a confirmation from ▇▇▇▇▇▇ ▇▇▇ Mae with a corresponding commitment number, either by the Licensed Application or another written communication (via e-mail or otherwise). ▇▇▇▇▇▇ ▇▇▇ reserves the right to refuse requests for pair-offs, extensions and over- deliveries at its sole option. The terms of the Section of the Master Terms entitled “Fees, Taxes and Billing” applies to all fees associated with pair-offs, extensions and over-deliveries.