GMRA wikitext: Difference between revisions
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:(h) at the time of transfer to the other party of any {{gmraprov|Securities}} it will have the full and unqualified right to make such transfer and that upon such transfer of {{gmraprov|Securities}} the other party will receive all right, title and interest in and to those {{gmraprov|Securities}} free of any lien, claim, charge or encumbrance.<br> | :(h) at the time of transfer to the other party of any {{gmraprov|Securities}} it will have the full and unqualified right to make such transfer and that upon such transfer of {{gmraprov|Securities}} the other party will receive all right, title and interest in and to those {{gmraprov|Securities}} free of any lien, claim, charge or encumbrance.<br> | ||
On the date on which any {{gmraprov|Transaction}} is entered into pursuant hereto, and on each day on which {{gmraprov|Securities}}, {{gmraprov|Equivalent Securities}}, {{gmraprov|Margin Securities}} or {{gmraprov|Equivalent Margin Securities}} are to be transferred under any {{gmraprov|Transaction}}, {{gmraprov|Buyer}} and {{gmraprov|Seller}} shall each be [[deemed]] to repeat all the foregoing representations. For the avoidance of doubt and notwithstanding any arrangements which {{gmraprov|Seller}} or {{gmraprov|Buyer}} may have with any third party, each party will be liable as a principal for its obligations under this {{gmraprov|Agreement}} and each {{gmraprov|Transaction}}.<br> | On the date on which any {{gmraprov|Transaction}} is entered into pursuant hereto, and on each day on which {{gmraprov|Securities}}, {{gmraprov|Equivalent Securities}}, {{gmraprov|Margin Securities}} or {{gmraprov|Equivalent Margin Securities}} are to be transferred under any {{gmraprov|Transaction}}, {{gmraprov|Buyer}} and {{gmraprov|Seller}} shall each be [[deemed]] to repeat all the foregoing representations. For the avoidance of doubt and notwithstanding any arrangements which {{gmraprov|Seller}} or {{gmraprov|Buyer}} may have with any third party, each party will be liable as a principal for its obligations under this {{gmraprov|Agreement}} and each {{gmraprov|Transaction}}.<br> | ||