11(h) - MRA Provision

1996 Master Repurchase Agreement
A Jolly Contrarian owner’s manual™

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Template:M res 1996 MRM Template:M nav 1996 MRM

Clause 11(h) in a Nutshell™

Use at your own risk, campers!

Template:Nutshell MRA 11(h) view template

Full text of Clause 11(h)

11(h) To the extent permitted by applicable law, the defaulting party shall be liable to the nondefaulting party for interest on any amounts owing by the defaulting party hereunder, from the date the defaulting party becomes liable for such amounts hereunder until such amounts are (i) paid in full by the defaulting party or (ii) satisfied in full by the exercise of the nondefaulting party’s rights hereunder. Interest on any sum payable by the defaulting party to the nondefaulting party under this Paragraph 11(h) shall be at a rate equal to the greater of the Pricing Rate for the relevant Transaction or the Prime Rate. view template

Related agreements and comparisons

Related agreements: Click here for the same clause in the English law 2000 GMRA Comparison: Template:Gmradiff 10(f)

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