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| {{IETA Master Agreement Schedule 1}} | | {{IETA Master Agreement Schedule 1}} |
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| {{ietaprov|3}} {{ietaprov|Confirmation}} Procedure<br>
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| {{ietaprov|3.1}} Agreement of a Transaction. The Parties intend that they shall be legally bound by the terms of each {{ietaprov|Transaction}} from the moment they agree to those terms (whether orally or otherwise).<br>
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| {{ietaprov|3.2}} Exchange of {{ietaprov|Confirmation}}s.<br>
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| :{{ietaprov|3.2(a)}} Unless otherwise agreed, the {{ietaprov|Delivering Party}} (or in the context of an {{ietaprov|Option Transaction}}, the {{ietaprov|Seller}}) (hereafter in this Clause referred to as “X”) shall send to the {{ietaprov|Receiving Party}} (or in the context of an {{ietaprov|Option Transaction}}, the {{ietaprov|Buyer}}) (hereafter in this Clause referred to as “Y”) by facsimile (or such other means, if any, as specified in any {{ietaprov|Confirmation}} materially in the forms set out in the {{ietaprov|Schedule}}s, or in a form otherwise agreed between the Parties, recording the details of the {{ietaprov|Transaction}} within three (3) {{ietaprov|Banking Day}}s of a {{ietaprov|Transaction}} having been entered into.<br>
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| :{{ietaprov|3.2(b)}} If Y is satisfied that the {{ietaprov|Confirmation}} accurately reflects the terms of the Transaction, Y shall countersign and return the {{ietaprov|Confirmation}} to X by facsimile (or such other means, if any, specified in {{ietaprov|Schedule 2}} (‘‘{{ietaprov|Elections}}’’)) within three (3) {{ietaprov|Banking Day}}s of receipt of the {{ietaprov|Confirmation}} from X.<br>
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| :{{ietaprov|3.2(c)}} If Y is not satisfied that the {{ietaprov|Confirmation}} accurately reflects the terms of the Transaction, Y shall inform X of any inaccuracies within three (3) {{ietaprov|Banking Day}}s of receipt of the {{ietaprov|Confirmation}}. If X agrees that the {{ietaprov|Confirmation}} is inaccurate, X shall issue a new {{ietaprov|Confirmation}}, and the provisions of Clauses 3.2(a) and 3.2(b) will apply with all necessary changes.<br>
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| :{{ietaprov|3.2(d)}} If Y has not received a {{ietaprov|Confirmation}} from X within three (3) {{ietaprov|Banking Day}}s of a {{ietaprov|Transaction}} having been entered into, Y shall send to X a {{ietaprov|Confirmation}}. Clauses 3.2(b) and 3.2(c) shall apply in relation to any such {{ietaprov|Confirmation}} by replacing all references to “'''{{ietaprov|Buyer}}'''” with “'''{{ietaprov|Seller}}'''” and all references to “'''{{ietaprov|Seller}}'''” with “'''{{ietaprov|Buyer}}'''”.<br>
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| :{{ietaprov|3.2(e)}} Failure by either Party to send or return a {{ietaprov|Confirmation}} does not (i) affect the validity or enforceability of any Transaction, or (ii) constitute a material breach of this {{ietaprov|Agreement}} under Clause {{ietaprov|14.2(c)}} (Material Obligations).<br>
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| {{ietaprov|3.3}} Evidence of a Transaction. The Parties consent to the recording of all telephone conversations between the Parties relating in whole or part to this {{ietaprov|Agreement}}. Each Party agrees to notify its employees of that consent and obtain their consent to that recording if required by law. Any resulting recordings and other evidence may be introduced to prove a {{ietaprov|Transaction}} between the Parties and to establish any matters pertinent to a Transaction. The priority of evidence of the terms of a {{ietaprov|Transaction}} contained in recordings made under this Clause {{ietaprov|3.3}} is as specified in {{ietaprov|Schedule 2}} (‘‘{{ietaprov|Elections}}’’).<br>
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| {{ietaprov|4}} General Obligations, Representations and Warranties<br> | | {{ietaprov|4}} General Obligations, Representations and Warranties<br> |
| {{ietaprov|4.1}} Representations and Warranties. Each Party represents and warrants to the other Party (which representations and warranties shall be deemed to be repeated by each Party on each date on which a {{ietaprov|Transaction}} is entered into) that:<br> | | {{ietaprov|4.1}} Representations and Warranties. Each Party represents and warrants to the other Party (which representations and warranties shall be deemed to be repeated by each Party on each date on which a {{ietaprov|Transaction}} is entered into) that:<br> |