Template:Nutshell GMSLA 11.7: Difference between revisions
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{{gmslaprov|11.7}} '''{{gmslaprov|Costs and expenses following an Event of Default}}''': The {{gmslaprov|Defaulting Party}} must pay the {{gmslaprov|Non-Defaulting Party}}’s reasonable professional expenses in connection with the {{gmslaprov|Event of Default}} plus [[interest]] at the rate agreed by the {{gmslaprov|Parties}} or failing that, the overnight [[LIBOR]] rate as at 11.00 a.m., London time. [[Interest]] will accrue and compound daily. | {{gmslaprov|11.7}} '''{{gmslaprov|Costs and expenses following an Event of Default}}''': The {{gmslaprov|Defaulting Party}} must pay the {{gmslaprov|Non-Defaulting Party}}’s reasonable professional expenses in connection with the {{gmslaprov|Event of Default}} plus [[interest]] at the rate agreed by the {{gmslaprov|Parties}} or failing that, the overnight [[LIBOR]] rate as at 11.00 a.m., London time. [[Interest]] will accrue and compound daily. <br> |