A Participant has the right to match credit terms and conditions notifiable under paragraph 15, as well as credit terms and conditions offered by a non-participant. The validity of a matching commitment may not exceed the termination date of the commitment being matched. Participants shall match by offering terms that comply with this Arrangement unless the initiating offer does not comply with this Arrangement. A Participant intending to match credit terms and conditions:
(a) notified by another Participant shall follow the procedures set forth in paragraph 16 (a) or (c) as appropriate;
(b) offered by a non-participant shall follow the procedures set forth in paragraph 16 (b).
