Statements and Confirmations Clause Samples
The "Statements and Confirmations" clause requires parties to formally acknowledge and verify the accuracy of information or representations made within the agreement. Typically, this involves each party providing written statements or confirmations regarding key facts, such as their authority to enter the contract or the truthfulness of disclosed information. By mandating these confirmations, the clause helps ensure transparency and trust between parties, reducing the risk of misunderstandings or disputes over the validity of critical information.
Statements and Confirmations. The Securities Intermediary will promptly send copies of all statements, confirmations and other correspondence concerning the Collateral Account and any financial assets credited thereto simultaneously to each of the Purchase Contract Agent and the Collateral Agent at their addresses for notices under this Agreement.
Statements and Confirmations. The Financial Institution shall promptly send copies of all statements, confirmations and other correspondence concerning any Collateral Account or any financial assets or other property credited thereto simultaneously to each of the Grantor and the Secured Party at the address for each set forth in Section 7.3 of this Agreement.
Statements and Confirmations. The Financial Institution will promptly send copies of all statements, confirmations and other correspondence concerning the Deposit Account simultaneously to each of the Debtor and the Collateral Agent at the address for each set forth in Section 11 of this Agreement; and
Statements and Confirmations. The Securities Intermediary will promptly send copies of all statements, confirmations and other correspondence concerning the Account and/or any financial assets credited thereto simultaneously to each of the Lien Grantor and the Secured Party at their respective addresses specified in Section 12 hereof.
Statements and Confirmations. The Issuer will promptly send copies of all statements and other correspondence concerning the Securities simultaneously to each of the Lien Grantor and the Secured Party at their respective addresses specified in Section 11 hereof.
Statements and Confirmations. The Securities Intermediary will send copies of all statements and other correspondence (excluding routine confirmations) concerning any Designated Account or any financial assets credited thereto simultaneously to each of the Pledgor and the Collateral Agent at the address set forth in Section 11 hereof. The Securities Intermediary will provide to the Collateral Agent, upon the Collateral Agent’s request therefor from time to time and, in any event, as of the last business day of each calendar month, a statement of the market value of each financial asset maintained in each Designated Account. The Securities Intermediary shall not change the name or account number of any Designated Account without the prior written consent of the Collateral Agent.
Statements and Confirmations. The Bank will send copies of all statements and other correspondence (excluding routine confirmations) concerning any Designated Account simultaneously to the Pledgor and the Collateral Agent at the address set forth in Section 10 hereof. The Bank will promptly provide to the Collateral Agent, upon request therefor from time to time and, in any event, as of the last business day of each calendar month, a statement of the cash balance in each Designated Account. The Bank shall not change the name or account number of any Designated Account without the prior written consent of the Collateral Agent.
Statements and Confirmations. 6.1 The Bank will furnish you with statements of account ("Statement of Account") for such Products and Services at such intervals and frequencies in such forms (paper and/or electronic) and delivered by such means as the Bank may prescribe from time to time. For clarity, there may be such Products and Services for which no statement of account is issued as the Bank shall deem appropriate. All references to Statement of Account in this Agreement shall include both paper and electronic forms of the Statement of Account unless expressly excluded or unless the context specifically provides for paper or electronic Statement of Account. You shall promptly notify the Bank if you do not receive any Statement of Account at the time when such Statement of Account is ordinarily issued by the Bank, failing which the Bank shall be entitled to proceed on the basis that you have received the Statement of Account in due course.
6.2 You agree to verify the correctness of all details contained in each Statement of Account and to notify the Bank in writing (or by any other means permitted by the Bank) within fourteen (14) days (or such other period as may be determined by the Bank) from the date of such Statement of Account of any discrepancies, omissions and/or errors therein. Upon expiry of this period, the details in the Statement of Account shall be conclusive against you except as to alleged errors so notified but subject always to the Bank's right to correct any errors contained therein at any time notwithstanding such acceptance by you.
6.3 In addition, for the Accounts, the Bank may also make available for viewing through OCBC Online Banking, a record of the transactions performed in respect of the respective Accounts during a specified period (“Electronic Transaction History”), subject to the Agreement, and provided always that such Electronic Transaction History is provided for convenience only and shall not serve as a Statement of Account. In the event of any inconsistency between any Electronic Transaction History and a Statement of Account, the Statement of Account shall prevail.
6.4 In the case of Products and/or Services, to the extent the Bank deems necessary, the Bank will issue Confirmations to you after the execution of each Instruction and (where applicable) such other statements of Contracts carried out and outstanding in relation to the Agreement from time to time at such intervals as the Bank may deem necessary.
6.5 You shall examine all entries in al...
Statements and Confirmations. The Securities Intermediary will, as soon as reasonably practicable after receipt of same, send copies of all statements, confirmations and other correspondence concerning the Collateral Account and any financial assets credited thereto simultaneously to each of the Property Trustee and the Collateral Agent at their addresses for notices under this Agreement. The Custodial Agent will, as soon as reasonably practicable after receipt of same, send copies of all statements, confirmations and other correspondence concerning the Custody Account and any financial assets credited thereto to the Property Trustee at its address for notices under this Agreement.
Statements and Confirmations. The Securities Intermediary will send copies of all statements and other correspondence (excluding routine confirmations) concerning any Designated Account or any financial assets constituting Investment Property credited thereto simultaneously to the Company and the Administrative Agent at the address set forth in Section 12 hereof. The Securities Intermediary will provide to the Administrative Agent and to the Company, upon the Administrative Agent’s request therefor from time to time (which may be as frequent as daily and is expected to be at least as frequent as weekly) and, in any event as of the last business day of each calendar month, a statement of the market value of each item of the Investment Collateral in each Designated Account.