Initiation; Confirmation; Termination. An agreement to enter into a Transaction may be made orally or in writing at the initiation of either Buyer of Seller. On the Purchase Date for the Transaction, the Purchased Securities shall be transferred to Buyer or its agent against the transfer of the Purchase Price to an account of Seller.
Appears in 1 contract
Sources: Treasury Service Agreement
Initiation; Confirmation; Termination. (a) An agreement to enter into a Transaction may be made orally or in writing at the initiation of either Buyer of or Seller. On the Purchase Date for the Transaction, the Purchased Securities shall be transferred to Buyer or its agent against the transfer of the Purchase Price to an account of Seller.
Appears in 1 contract
Sources: Master Repurchase Agreement (Dupont E I De Nemours & Co)