Template:GMRA 2000 16: Difference between revisions

{{gmraprov|16}}. {{gmraprov|Non assignability; Termination}}

:(a) Subject to sub paragraph (b) below, neither party may assign, charge or otherwise deal with (including without limitation any dealing with any interest in or the creation of any interest in) its rights or obligations under this {{gmraprov|Agreement}} or under any {{gmraprov|Transaction}} without the prior written consent of the other party. Subject to the foregoing, this {{gmraprov|Agreement}} and any {{gmraprov|Transactions}} shall be binding upon and shall inure to the benefit of the parties and their respective successors and assigns. <br>

:(b) Sub paragraph (a) above shall not preclude a party from assigning, charging or otherwise dealing with all or any part of its interest in any sum payable to it under paragraph {{gmraprov|10(c)}} or {{gmraprov|10(f)}} above. <br>

:(c) Either party may terminate this {{gmraprov|Agreement}} by giving written notice to the other, except that this {{gmraprov|Agreement}} shall, notwithstanding such notice, remain applicable to any {{gmraprov|Transactions}} then outstanding. <br>

:(d) All remedies hereunder shall survive {{gmraprov|Termination}} in respect of the relevant {{gmraprov|Transaction}} and termination of this {{gmraprov|Agreement}}. <br>

:(e) The participation of any additional member State of the {{tag|European Union}} in economic and monetary union after 1 January 1999 shall not have the effect of altering any term of the {{gmraprov|Agreement}} or any {{gmraprov|Transaction}}, nor give a party the right unilaterally to alter or terminate the {{gmraprov|Agreement}} or any Transaction. <br>