Common use of Execution of Transactions Clause in Contracts

Execution of Transactions. For the purposes of this Agreement, the parties intend that they are legally bound by the terms of each Transaction from the moment they agree to those terms (whether orally or otherwise) with respect to each Transaction. A Confirmation shall be entered into by the parties and may be executed and delivered in counterparts including by facsimile transmission which will be sufficient for all purposes to evidence a binding supplement to this Agreement. Unless a Transaction has been or will be confirmed by way of an electronic messaging system: (a) Party A will, on or promptly after entering into each Transaction, send to Party B by facsimile transmission a Confirmation in the form utilized by Party A; (b) Party B will promptly thereafter confirm by facsimile the accuracy of or request the correction of such Confirmation; and (c) upon such confirmation by Party B, such facsimile transmissions shall be deemed to constitute a legally binding supplement to this Agreement upon the particular terms stated therein."

Execution of Transactions. For the purposes of this Agreement, the parties intend that they are legally bound by the terms of each Transaction from the moment they agree to those terms (whether orally or otherwise) with respect to each Transaction. A Confirmation shall be entered into by the parties and may be executed and delivered in counterparts including by facsimile transmission which will be sufficient for all purposes to evidence a binding supplement to this Agreement. Unless a Transaction has been or will be confirmed by way of an electronic messaging system: (a) Party A will, on or promptly after entering into each Transaction, send to Party B by facsimile transmission a Confirmation in the form utilized by Party A; (b) Party B will promptly thereafter confirm by facsimile the accuracy of or request the correction of such Confirmation; and (c) upon such confirmation by Party B, such facsimile transmissions shall be deemed to constitute a legally binding supplement to this Agreement upon the particular terms stated therein.. If Party B fails to accept the Confirmation as set forth herein after it was effectively sent to Party B, the Confirmation shall be deemed to correctly reflect the parties’ agreement on the terms of the Transaction referred to herein, absent manifest error"