Confirmation definition
Examples of Confirmation in a sentence
If Buyer elects in its sole and absolute discretion to transfer such funds to Seller, Buyer shall promptly deliver to Seller an amended and restated Confirmation for the applicable Purchased Asset which reflects the increase in the Purchase Price and Seller shall promptly, but in any event within three (3) Business Days, execute and return such amended and restated Confirmation to Buyer.
The Parties may modify such bank accounts provided that they notify the other Party at least five (5) Business Days before the making of any payment provided for in the Confirmation, and that it is held by the same party, and provided that the other Party does not object, for a relevant reason, within a reasonable period.
In case of inconsistency between the recording and the Confirmation, the terms agreed upon in the Confirmation shall prevail.
However, if the Appendix specifies that an Automatic Early Maturity will apply to the event of default by a Party, then the automatic and immediate early maturity of all obligations under this Agreement or each Confirmation will apply, regardless of any judicial or extrajudicial notice or warning.
Payments due by the Parties, when of a monetary nature, will be made by means of deposits into the bank accounts established in the Confirmation and the respective Settlement Form in available funds.