GMRA wikitext: Difference between revisions

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GMRA wikitext (view source)

Revision as of 14:53, 30 November 2018

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'''{{gmraprov|12}}.    {{gmraprov|Interest}}'''<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>
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>
'''{{gmraprov|13}}.  {{gmraprov|Single Agreement}}'''<br>
Each {{gmraprov|Party A}}cknowledges that, and has entered into this {{gmraprov|Agreement}} and will enter into each {{gmraprov|Transaction}} hereunder in consideration of and in reliance upon the fact that all {{gmraprov|Transaction}}s hereunder constitute a single business and contractual relationship and are made in consideration of each other. Accordingly, each {{gmraprov|Party A}}grees (i) to perform all of its obligations in respect of each {{gmraprov|Transaction}} hereunder, and that a default in the performance of any such obligations shall constitute a default by it in respect of all {{gmraprov|Transaction}}s hereunder, and (ii) that payments, deliveries and other transfers made by either of them in respect of any {{gmraprov|Transaction}} shall be [[deemed]] to have been made in consideration of payments, deliveries and other transfers in respect of any other {{gmraprov|Transaction}}s hereunder.<br>
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