Template:GMSLA 2010 4.3: Difference between revisions
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{{gmslaprov|4.3}} '''{{gmslaprov|Deliveries to be simultaneous unless otherwise agreed}}<br /> | {{gmslaprov|4.3}} '''{{gmslaprov|Deliveries to be simultaneous unless otherwise agreed}}<br /> | ||
Where under the terms of this {{gmslaprov|Agreement}} a {{gmslaprov|Party}} is not obliged to make a {{gmslaprov|Delivery}} unless simultaneously a {{gmslaprov|Delivery}} is made to it, subject to and without prejudice to its rights under paragraph {{gmslaprov|8.6}}, such {{gmslaprov|Party}} may [[from time to time]] [[in accordance with]] market practice and in recognition of the practical difficulties in arranging simultaneous delivery of {{gmslaprov|Securities}}, {{gmslaprov|Collateral}} and cash transfers, [[waive]] its right under this {{gmslaprov|Agreement}} in respect of simultaneous delivery [[and/or]] payment provided that no such [[waiver]] ([[whether]] by course of conduct [[or otherwise]]) in respect of one transaction [[shall]] bind it in respect of any other transaction. <br /> | Where under the terms of this {{gmslaprov|Agreement}} a {{gmslaprov|Party}} is not obliged to make a {{gmslaprov|Delivery}} unless simultaneously a {{gmslaprov|Delivery}} is made to it, subject to and [[without prejudice]] to its rights under paragraph {{gmslaprov|8.6}}, such {{gmslaprov|Party}} may [[from time to time]] [[in accordance with]] market practice and in recognition of the practical difficulties in arranging simultaneous delivery of {{gmslaprov|Securities}}, {{gmslaprov|Collateral}} and cash transfers, [[waive]] its right under this {{gmslaprov|Agreement}} in respect of simultaneous delivery [[and/or]] payment provided that no such [[waiver]] ([[whether]] by course of conduct [[or otherwise]]) in respect of one transaction [[shall]] bind it in respect of any other transaction. <br /> | ||
Latest revision as of 09:39, 31 March 2017
4.3 Deliveries to be simultaneous unless otherwise agreed
Where under the terms of this Agreement a Party is not obliged to make a Delivery unless simultaneously a Delivery is made to it, subject to and without prejudice to its rights under paragraph 8.6, such Party may from time to time in accordance with market practice and in recognition of the practical difficulties in arranging simultaneous delivery of Securities, Collateral and cash transfers, waive its right under this Agreement in respect of simultaneous delivery and/or payment provided that no such waiver (whether by course of conduct or otherwise) in respect of one transaction shall bind it in respect of any other transaction.