From The Jolly Contrarian
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2 Transactions
- 2(1) As soon as the parties have agreed to a Transaction, the Bank shall confirm in writing the terms thereof to the Counterparty either, by telex, telegraph, facsimile or in any other similar form.
- 2(2) Each party shall be entitled to request a signed confirmation of the Transaction, provided, however, that such confirmation shall not be a condition precedent to the legal validity of the Transaction.
- 2(3) The terms of an individual Transaction shall prevail over the provisions of this Master Agreement.