GMRA wikitext: Difference between revisions

GMRA wikitext (view source)

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 :(e) Where a {{gmraprov|Transaction}} is terminated as described in; this paragraph, the party which has given the notice to terminate shall indemnify the other {{gmraprov|Party A}}gainst any reasonable legal and other professional expenses incurred by the other {{gmraprov|Party B}}y reason of the termination, but the other party may not claim any sum by way of consequential loss or damage in respect of a termination in accordance with this paragraph.<br>
 :(f) This paragraph is without prejudice to paragraph {{gmraprov|6(b)}} (obligation to pay additional amounts if withholding or deduction required); but an obligation to pay such additional amounts may, where appropriate, be a circumstance which causes this paragraph to apply.<br>
-'''{{gmraprov|12}}.    {{gmraprov|Interest}}'''<br>
-To the extent permitted by applicable law, if any sum of money payable hereunder or under any {{gmraprov|Transaction}} is not paid when due, interest shall accrue on the unpaid sum as a separate debt at the greater of the {{gmraprov|Pricing Rate}} for the {{gmraprov|Transaction}} to which such sum relates (where such sum is referable to a {{gmraprov|Transaction}}) and {{gmraprov|LIBOR}} on a 360 day basis or 365 day basis in accordance with the applicable ISMA convention, for the actual number of days during the period from and including the date on which payment was due to, but excluding, the date of payment.<br>