Template:GMRA 2000 10(h): Difference between revisions
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Amwelladmin (talk | contribs) Created page with "{{gmraprov|10(h)}} If {{gmraprov|Buyer}} fails to deliver {{gmraprov|Equivalent Securities}} to {{gmraprov|Seller}} on the applicable {{gmraprov|Repurchase Date}} {{gmraprov|S..." |
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:(i) if it has paid the {{gmraprov|Repurchase Price}} to {{gmraprov|Buyer}}, require {{gmraprov|Buyer}} immediately to repay the sum so paid; <br> | :(i) if it has paid the {{gmraprov|Repurchase Price}} to {{gmraprov|Buyer}}, require {{gmraprov|Buyer}} immediately to repay the sum so paid; <br> | ||
:(ii) if {{gmraprov|Seller}} has a {{gmraprov|Transaction Exposure}} to {{gmraprov|Buyer}} in respect of the relevant {{gmraprov|Transaction}}, require {{gmraprov|Buyer}} from time to time to pay {{gmraprov|Cash Margin}} at least equal to such {{gmraprov|Transaction Exposure}}; <br> | :(ii) if {{gmraprov|Seller}} has a {{gmraprov|Transaction Exposure}} to {{gmraprov|Buyer}} in respect of the relevant {{gmraprov|Transaction}}, require {{gmraprov|Buyer}} from time to time to pay {{gmraprov|Cash Margin}} at least equal to such {{gmraprov|Transaction Exposure}}; <br> | ||
:(iii) at any time while such failure continues, by written notice to {{gmraprov|Buyer}} declare that that {{gmraprov|Transaction}} (but only that {{gmraprov|Transaction}}) shall be terminated immediately in accordance with sub paragraph {{gmraprov|10(c)}} above (disregarding for this purpose references in that sub paragraph | :(iii) at any time while such failure continues, by written notice to {{gmraprov|Buyer}} declare that that {{gmraprov|Transaction}} (but only that {{gmraprov|Transaction}}) shall be terminated immediately in accordance with sub paragraph {{gmraprov|10(c)}} above (disregarding for this purpose references in that sub paragraph to transfer of {{gmraprov|Cash Margin}} and delivery of {{gmraprov|Equivalent Margin Securities}} and as if references to the {{gmraprov|Repurchase Date}} were to the date on which notice was given under this sub¬paragraph).<br> | ||
Latest revision as of 12:41, 18 December 2020
10(h) If Buyer fails to deliver Equivalent Securities to Seller on the applicable Repurchase Date Seller may
- (i) if it has paid the Repurchase Price to Buyer, require Buyer immediately to repay the sum so paid;
- (ii) if Seller has a Transaction Exposure to Buyer in respect of the relevant Transaction, require Buyer from time to time to pay Cash Margin at least equal to such Transaction Exposure;
- (iii) at any time while such failure continues, by written notice to Buyer declare that that Transaction (but only that Transaction) shall be terminated immediately in accordance with sub paragraph 10(c) above (disregarding for this purpose references in that sub paragraph to transfer of Cash Margin and delivery of Equivalent Margin Securities and as if references to the Repurchase Date were to the date on which notice was given under this sub¬paragraph).