Common use of Contingency Procedure Clause in Contracts

Contingency Procedure. (a) If, on any Business Day, (i) a party to this Agreement chooses not to use the Networking System for a particular transaction, or (ii) there are technical problems with the Networking System that render it impracticable for a party to transmit or receive information through the Networking System, the party who determines not to use the Networking System will notify the other party of such determination as early as possible. In the event this occurs, on (T+1), the Company will fax a trade sheet by 9:00a.m., Eastern Time, to the Fund at the following number 617.937.8122. (b) Settlement for all orders faxed by the Company to the Fund prior to 9:00 a.m., Eastern Time, shall occur on a (T+1) basis via federal wire based on bank account information listed below: