No Waivers, etc. - GMRA Provision

From The Jolly Contrarian
Revision as of 14:30, 30 November 2018 by Amwelladmin (talk | contribs) (Created page with "{{gmraanat|18}}")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search
GMRA Anatomy™


In a Nutshell Clause 18:

18. No Waivers, etc.
Just because a party waives one Event of Default does not mean it has waived any others Event of Default. Similarly, the exercise of any remedy under this Agreement does not prevent a party exercising any others. Amendments of (and waivers of rights under) this Agreement will not be effective unless in writing and duly executed by both parties. Neglecting to give a notice under paragraph 4(a) is not a waiver of the right to do so at a later date.
view template

Global Master Repurchase Agreement full text of Clause 18:

18. No Waivers, etc.
No express or implied waiver of any Event of Default by either party shall constitute a waiver of any other Event of Default and no exercise of any remedy hereunder by any party shall constitute a waiver of its right to exercise any other remedy hereunder. No modification or waiver of any provision of this Agreement and no consent by any party to a departure herefrom shall be effective unless and until such modification, waiver or consent shall be in writing and duly executed by both of the parties hereto. without limitation on any of the foregoing, the failure to give a notice pursuant to paragraph 4(a) hereof will not constitute a waiver of any right to do so at a later date.
view template

Resources: 2010 GMRA: Full wikitext · Nutshell wikitext
Navigation

2000 GMRA Table of Contents · 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · Schedule · Equities Annex: EA 1 · EA 2 · EA 3 · EA 4 · EA 5 · Buy/Sellback Annex · BSA 1 · BSA 2 · BSA 3 · BSA 4 · BNA 5

Index: Click to expand:
Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.