Closure of Transactions Sample Clauses

Closure of Transactions. All Transactions under this Master Agreement are entered into subject to the condition that this Master Agreement and all confirmations documenting specific Transactions form a single agreement between the parties (the "Agreement").  Version dated June 12, 2003.The execution of this Master Agreement does not constitute an obligation to enter into a Transaction. The parties may enter into a Transaction without any formalities. After a Transaction has been entered into, the Calculation Agent will prepare a confirmation. In the event of any inconsistency between the Master Agree- ment and a confirmation, the confirmation shall prevail. The parties may modify this provision in the confirmation.