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Joined: Mar. 2017
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The implication of having a separate NTC with a NMC, during the same year, is that the NMC doesn't include a NTC when they in the same year(s).
NMC cannot be waived, however, a NTC can be waived, only once during the duration of the NTC clause.
It would appear that, as long as the NTC and NMC are in conjunction with each other, the NTC can be waived and the NMC is still upheld, since the NTC usurps the underlying clause in the NMC pertaining to trades.
I apologize to the confusion; I was primarily talking about when NTC and NMC are in the same year, but since the NMC doesn't include a "trade clause", since it is a separate entity, the NTC can be waived.