Common use of Transfer by Cancellation Statement Clause in Contracts

Transfer by Cancellation Statement. [ ] shall apply, subject to a transfer by Cancellation Statement being possible under the National Scheme Rules; otherwise Electronic Transfer shall apply For both EECS Certificates and National Scheme Certificates: Delivery Point: with respect to Certificates: [ ] [specify]; otherwise Xxxxx's Account with respect to Cancellation Statements (if applicable): [ ] [specify, e.g. facsimile]; otherwise receipt of email (with copy of Cancellation Statement attached) by Buyer in accordance with § 22.2 (Notices and Communications) Economic intent of the Parties: [specify in accordance with § 14.1(f)] Designated Purpose: [specify for the Certificates, e.g. regulatory compliance purpose, in connection with Ineffectiveness definition] Competent Authority for the Designated Purpose Ineffectiveness Loss Amount: [specify] [specify amount or formula] Ineffectiveness (days after Delivery Date): [specify where § 14.3(b) is specified as applying in the Election Sheet] Documentation of Actual Deliveries and Receipts: Additional requirements (if any): [specify in accordance with § 4.4, if applicable] This Confirmation confirms the Individual Contract entered into pursuant to the Certificate Master Agreement and supplements and forms part of that Certificate Master Agreement. In case of any inconsistencies between the terms of this Confirmation and the Individual Contract, please contact us immediately.