Common use of Confirmation Procedures Clause in Contracts

Confirmation Procedures. In relation to Confirmations, unless either Party objects to the terms contained in any Confirmation within three (3) Business Days of receipt thereof, or such shorter time as may be appropriate given the Value Date of the FX Transaction, the terms of such Confirmation shall be deemed correct and accepted absent manifest error, unless a corrected Confirmation is sent by a Party within such three Business Days, or shorter period, as appropriate, in which case the Party receiving such corrected Confirmation shall have three (3) Business Days, or shorter period, as appropriate, after receipt thereof to object to the terms contained in such corrected Confirmation. In the event of any conflict between the terms of a Confirmation and this Master Agreement, the terms of this Master Agreement shall prevail and the Confirmation shall not modify the terms of this Master Agreement.

Appears in 5 contracts

Samples: Customer Agreement (Morgan Stanley Dean Witter Charter Millburn Lp), Master Agreement (Witter Dean Spectrum Strategic Lp), Master Agreement (Witter Dean Spectrum Technical Lp)

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Confirmation Procedures. In relation to Confirmations, unless either Party objects to the terms contained in any Confirmation within three (3) Business Days of receipt thereof, or such shorter time as may be appropriate given the Value Date of the FX Transaction, the terms of such Confirmation shall be deemed correct and accepted absent manifest error, unless a corrected Confirmation is sent by a Party within such three Business Days, or shorter period, as appropriate, in which case the Party receiving such corrected Confirmation shall have three (3) Business Days, or shorter period, as appropriate, after receipt thereof to object to the terms contained in such corrected Confirmation. In the event of any conflict between the terms of a Confirmation and this Master Agreement, the terms of this Master Agreement shall prevail prevail, and the Confirmation shall not modify the terms of this Master AgreementAgreement unless the Confirmation expressly states that it intends to amend this Master Agreement with respect to such specific Confirmation and both Parties agree.

Appears in 3 contracts

Samples: Master Agreement (Campbell Asset Allocation Trust), Master Agreement (Campbell Alternative Asset Trust), Foreign Exchange Master Agreement (Campbell Strategic Allocation Fund Lp)

Confirmation Procedures. In relation to Confirmations, unless either Party objects to the terms contained in any Confirmation within three (3) Business Days of receipt thereof, or such shorter time as may be appropriate given the Value Date of the FX Transaction, the terms of such Confirmation shall be deemed correct and accepted absent manifest error, unless a corrected Confirmation is sent by a Party within such three Business Days, or shorter period, as appropriate, in which case the Party receiving such corrected Confirmation shall have three (3) Business Days, or shorter period, as appropriate, after receipt thereof to object to the terms contained in such corrected Confirmation. In the event of any conflict between the terms of a Confirmation and this Master Agreement, the terms of this Master Agreement shall prevail prevail, and the Confirmation shall not modify the terms of this Master AgreementAgreement unless the 15 Confirmation expressly states that it intends to amend this Master Agreement with respect to such specific Confirmation and both Parties agree.

Appears in 1 contract

Samples: Master Agreement (Campbell Alternative Asset Trust)

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Confirmation Procedures. In relation to Confirmations, unless either Party objects to the terms contained in any Confirmation within three (3) Business Days of receipt thereof, or such shorter time as may be appropriate given the Value Date of the FX Transaction, the terms of such Confirmation shall be deemed correct and accepted absent manifest error, unless a corrected Confirmation is sent by a Party within such three Business Days, or shorter period, as appropriate, in which case the Party receiving such corrected Confirmation shall have three (3) Business Days, or shorter period, as appropriate, after receipt thereof to object to the terms contained in such corrected Confirmation. In the event of any conflict between the terms of a Confirmation and this Master Agreement, the terms of this Master Agreement shall prevail prevail, and the Confirmation shall not modify the terms of this Master Agreement.

Appears in 1 contract

Samples: Foreign Exchange Master Agreement (Ashworth Inc)

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