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Template:GTMA Master Agreement 2004 20.1: Difference between revisions
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Template:GTMA Master Agreement 2004 20.1 (view source)
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{{gtmaprov|20.1}} '''{{gtmaprov|Euro Mechanics}}'''<br> | {{gtmaprov|20.1}} '''{{gtmaprov|Euro Mechanics}}'''<br> | ||
With effect from the date (if any) that England adopts the {{gtmaprov|Euro}} as its lawful currency in substitution for sterling (the | With effect from the date (if any) that England adopts the {{gtmaprov|Euro}} as its lawful currency in substitution for sterling (the “'''{{gtmaprov|Euro Effective Date}}'''"):<br> | ||
:{{gtmaprov|20.1.1}} to the extent relevant, invoiced amounts shall be calculated in sterling and converted from sterling to {{gtmaprov|Euro}} and shall be stated in the invoice in {{gtmaprov|Euro}};<br> | :{{gtmaprov|20.1.1}} to the extent relevant, invoiced amounts shall be calculated in sterling and converted from sterling to {{gtmaprov|Euro}} and shall be stated in the invoice in {{gtmaprov|Euro}};<br> | ||
:{{gtmaprov|20.1.2}} payment of those invoices and all other payments falling due under {{gtmaprov|Agreement}} on or after the {{gtmaprov|Euro Effective Date}} shall be made by the payer to the relevant {{gtmaprov|Euro}} account of the recipient in {{gtmaprov|Euro}} in accordance with the provisions of clause {{gtmaprov|8.4}};<br> | :{{gtmaprov|20.1.2}} payment of those invoices and all other payments falling due under {{gtmaprov|Agreement}} on or after the {{gtmaprov|Euro Effective Date}} shall be made by the payer to the relevant {{gtmaprov|Euro}} account of the recipient in {{gtmaprov|Euro}} in accordance with the provisions of clause {{gtmaprov|8.4}};<br> | ||
:{{gtmaprov|20.1.3}} no payments of invoices falling due after the {{gtmaprov|Euro Effective Date}} which would have been payable in sterling under {{gtmaprov|Agreement}} but for the adoption of the {{gtmaprov|Euro}} by England as its lawful currency shall be made in sterling or national currency units; and<br> | :{{gtmaprov|20.1.3}} no payments of invoices falling due after the {{gtmaprov|Euro Effective Date}} which would have been payable in sterling under {{gtmaprov|Agreement}} but for the adoption of the {{gtmaprov|Euro}} by England as its lawful currency shall be made in sterling or national currency units; and<br> | ||
:{{gtmaprov|20.1.4}} the rate of interest referred to in clause {{gtmaprov|8.4}} shall be the equivalent rate of Barclays Bank plc for {{gtmaprov|Euro}}.<br> | :{{gtmaprov|20.1.4}} the rate of interest referred to in clause {{gtmaprov|8.4}} shall be the equivalent rate of Barclays Bank plc for {{gtmaprov|Euro}}.<br> | ||