Common use of Transaction Confirmations Clause in Contracts

Transaction Confirmations. The parties will use the following transaction confirmation procedure for energy commodity purchases by the University from Prairieland. Should the parties come to an agreement regarding an energy commodities purchase and/or sale transaction for a particular Delivery Period, Prairieland shall provide its vendor’s confirmation(s) to the University as a record of an agreement on the transaction(s). Prairieland will communicate this confirmation(s) by email, facsimile, EDI, or mutually agreeable electronic means, to the University in a reasonable period of time. The parties acknowledge that their agreement will be binding once Prairieland executes the confirmation(s) with the vendor.

Transaction Confirmations. The parties will use the following transaction confirmation procedure for energy commodity purchases by the University from Prairieland. Should the parties come to an agreement regarding an energy commodities purchase and/or sale transaction for a particular Delivery Period, Prairieland shall provide its vendor’s confirmation(s) to the University as a record of an agreement on the transaction(s). Prairieland ▇▇▇▇▇▇▇▇▇▇▇ will communicate this confirmation(s) by email, facsimile, EDI▇▇▇, or mutually agreeable electronic means, to the University in a reasonable period of time. The parties acknowledge that their agreement will be binding once Prairieland executes the confirmation(s) with the vendor.