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Template:GTMA Master Agreement 2004 2.2: Difference between revisions
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Template:GTMA Master Agreement 2004 2.2 (view source)
Revision as of 18:20, 15 September 2016
, 15 September 2016Text replace - " "" to " “"
Amwelladmin (talk | contribs) (Created page with "{{gtmaprov|2.2}} '''{{gtmaprov|Exchange of Written Confirmations}}''' <br> {{gtmaprov|2.2.1}} Unless otherwise agreed, the {{gtmaprov|Seller}} shall send to the {{gtmaprov|Buy...") |
Amwelladmin (talk | contribs) m (Text replace - " "" to " “") |
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{{gtmaprov|2.2.2}} If the {{gtmaprov|Buyer}} is satisfied that the {{gtmaprov|Confirmation}} accurately reflects the terms of the {{gtmaprov|Transaction}}, the {{gtmaprov|Buyer}} shall return the {{gtmaprov|Confirmation}} to the {{gtmaprov|Seller}} within 2 {{gtmaprov|Banking Day}}s of receipt of the {{gtmaprov|Confirmation}}.<br> | {{gtmaprov|2.2.2}} If the {{gtmaprov|Buyer}} is satisfied that the {{gtmaprov|Confirmation}} accurately reflects the terms of the {{gtmaprov|Transaction}}, the {{gtmaprov|Buyer}} shall return the {{gtmaprov|Confirmation}} to the {{gtmaprov|Seller}} within 2 {{gtmaprov|Banking Day}}s of receipt of the {{gtmaprov|Confirmation}}.<br> | ||
{{gtmaprov|2.2.3}} If the {{gtmaprov|Buyer}} is not so satisfied, the {{gtmaprov|Buyer}} shall inform the {{gtmaprov|Seller}} of any inaccuracies within 2 {{gtmaprov|Banking Day}}s of receipt of the {{gtmaprov|Confirmation}}. If the {{gtmaprov|Seller}} agrees that the {{gtmaprov|Confirmation}} is inaccurate, the {{gtmaprov|Seller}} shall issue a new {{gtmaprov|Confirmation}} and the provisions of clauses 2.2.1 and 2.2.2 shall apply with all necessary changes.<br> | {{gtmaprov|2.2.3}} If the {{gtmaprov|Buyer}} is not so satisfied, the {{gtmaprov|Buyer}} shall inform the {{gtmaprov|Seller}} of any inaccuracies within 2 {{gtmaprov|Banking Day}}s of receipt of the {{gtmaprov|Confirmation}}. If the {{gtmaprov|Seller}} agrees that the {{gtmaprov|Confirmation}} is inaccurate, the {{gtmaprov|Seller}} shall issue a new {{gtmaprov|Confirmation}} and the provisions of clauses 2.2.1 and 2.2.2 shall apply with all necessary changes.<br> | ||
{{gtmaprov|2.2.4}} If the {{gtmaprov|Buyer}} has not received a {{gtmaprov|Confirmation}} from the {{gtmaprov|Seller}} within 2 {{gtmaprov|Banking Day}}s of a {{gtmaprov|Transaction}} having been entered into, the {{gtmaprov|Buyer}} shall send to the {{gtmaprov|Seller}} a {{gtmaprov|Confirmation}}, and clauses 2.2.2 and 2.2.3 shall apply in relation to that {{gtmaprov|Confirmation}} by replacing all references to | {{gtmaprov|2.2.4}} If the {{gtmaprov|Buyer}} has not received a {{gtmaprov|Confirmation}} from the {{gtmaprov|Seller}} within 2 {{gtmaprov|Banking Day}}s of a {{gtmaprov|Transaction}} having been entered into, the {{gtmaprov|Buyer}} shall send to the {{gtmaprov|Seller}} a {{gtmaprov|Confirmation}}, and clauses 2.2.2 and 2.2.3 shall apply in relation to that {{gtmaprov|Confirmation}} by replacing all references to “{{gtmaprov|Buyer}}" with “{{gtmaprov|Seller}}" and all references to “{{gtmaprov|Seller}}" with “{{gtmaprov|Buyer}}" in those clauses and by replacing the reference to “2 {{gtmaprov|Banking Day}}s" with “4 {{gtmaprov|Banking Day}}s".<br> | ||
{{gtmaprov|2.2.5}} Failure by either {{gtmaprov|Party}} to send or return a {{gtmaprov|Confirmation}} shall not: (a) affect the validity or enforceability of any {{gtmaprov|Transaction}}; or (b) be a material breach of {{gtmaprov|Agreement}} under clause {{gtmaprov|12.1.5}}.<br> | {{gtmaprov|2.2.5}} Failure by either {{gtmaprov|Party}} to send or return a {{gtmaprov|Confirmation}} shall not: (a) affect the validity or enforceability of any {{gtmaprov|Transaction}}; or (b) be a material breach of {{gtmaprov|Agreement}} under clause {{gtmaprov|12.1.5}}.<br> | ||