Delivery and payment obligations following Event of Default - GMSLA Provision: Difference between revisions

Delivery and payment obligations following Event of Default - GMSLA Provision (view source)

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-{{fullanat|gmsla|11.2|2010}}
+{{Manual|MSG|2010|11.2|Clause|11.2|medium}}
-{{nuts|GMSLA|11.2}}
-===Multi-level [[set-off]]===
-Paragraph 11.2(b) sets up a [[set-off]] of amounts due under the {{gmsla}} to create a [[single net payment]] due under the {{gmsla}} in respect of all terminated transactions. The {{gmslaprov|Non-defaulting Party}} can, in turn, set that net sum off against amounts owed to or by the {{gmslaprov|Defaulting Party}} under ''other'' agreements (such as an {{isdama}}.
-{{Seealso}}
-* [[Netting under a GMSLA]].