Other costs, expenses and interest payable in consequence of an Event of Default - GMSLA Provision: Difference between revisions

Other costs, expenses and interest payable in consequence of an Event of Default - GMSLA Provision (view source)

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 {{gmslaanat|11.7}}
 {{2010 GMSLA Section 11 TOC}}
+Note a potentially troublesome reference to [[LIBOR]] in there, seeing as LIBOR is being phased out, though it is only a fall back, and only for {{gmslaprov|Default Interest}} (once a party has failed to meet its payment obligations) so, while there are more cataclysmic threats to the capital markets than this, that won’t stop financial services firms across the western world diverting key internal risk management resource towards remediating it, generating 18 months’ meaningful employment for an army of [[Contractor|contractors]] of course.