Confirmations; Priority Sample Clauses
The 'Confirmations; Priority' clause establishes the process by which individual transactions or agreements are confirmed between parties and clarifies the order of precedence among related documents. Typically, this clause specifies that written confirmations, such as trade confirmations or transaction summaries, serve as evidence of the terms agreed upon and may override conflicting provisions in broader agreements if discrepancies arise. Its core function is to ensure that the most recent and specific terms governing a transaction take priority, thereby reducing ambiguity and potential disputes over which terms apply.
Confirmations; Priority. All Confirmations with respect to Transactions hereunder shall be substantially in the form attached as Exhibit A to this Annex I. Subject to the definitions of “Price Differential”, “Repurchase Date” and “Repurchase Price” set forth in Paragraphs 2(b)(iii), 2(b)(v) and 2(b)(vi) of this Annex I, respectively, in the event of any conflict between the terms of a Confirmation and this Agreement, the Confirmation shall prevail.
Confirmations; Priority. All Confirmations with respect to Transactions hereunder shall be substantially in the form attached as Exhibit A to this Annex I, and shall be accompanied by a schedule substantially in the form attached as Exhibit B to this Annex I (a “Portfolio Schedule”) setting forth the Eligible ▇▇▇▇▇▇ Loans comprising the Purchased Securities for such Transaction. In the event of any conflict between the terms of a Confirmation and this Agreement, the Confirmation shall prevail.
Confirmations; Priority. All Confirmations with respect to Transactions hereunder shall be substantially in the form attached as Exhibit A to this Annex I, and shall be accompanied by a Portfolio Schedule setting forth, among other things, the Receivables comprising the Purchased Securities for such Transaction. Subject to the proviso the definition of “Repurchase Price” set forth in Paragraph 2(b)(vii) of this Annex I, in the event of any conflict between the terms of a Confirmation and this Agreement, the Confirmation shall prevail.”.
2.7 Section 13(d) of Annex I to the Master Repurchase Agreement is hereby amended and restated to reads as follows: