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Template:Nutshell GMRA 16: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{gmraprov|16}}. '''{{gmraprov|Non assignability; Termination}}''' <br> :(a) '''No assignment''': Neither party may assign, charge or otherwise deal with its rights or obligat...") |
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:(b) '''Assignment on default''': Notwithstanding {{gmraprov|16 (a)}} parties may assign, charge or otherwise deal with their interests in any sum payable to it upon an {{gmraprov|Event of Default}} under paragraph {{gmraprov|10(c)}} or {{gmraprov|10(f)}}. <br> | :(b) '''Assignment on default''': Notwithstanding {{gmraprov|16 (a)}} parties may assign, charge or otherwise deal with their interests in any sum payable to it upon an {{gmraprov|Event of Default}} under paragraph {{gmraprov|10(c)}} or {{gmraprov|10(f)}}. <br> | ||
:(c) '''Termination by notice''': Either party may terminate this {{gmraprov|Agreement}} upon written notice to the other. However, such termination will not affect outstanding {{gmraprov|Transaction}}s. <br> | :(c) '''Termination by notice''': Either party may terminate this {{gmraprov|Agreement}} upon written notice to the other. However, such termination will not affect outstanding {{gmraprov|Transaction}}s. <br> | ||
:(d) The parties’ remedies under this {{gmraprov|Agreement}} will survive its {{gmraprov|Termination}}. <br> | :(d) '''Remedies survive''': The parties’ remedies under this {{gmraprov|Agreement}} will survive its {{gmraprov|Termination}}. <br> | ||
:(e) If any new state joins the {{tag|European Union}} after 1 January 1999 that will not alter the terms of this {{gmraprov|Agreement}} or any {{gmraprov|Transaction}}, nor give rise to any unilateral termination or alteration rights that the parties did not already have. <br> | :(e) '''New EU member states''': If any new state joins the {{tag|European Union}} after 1 January 1999 that will not alter the terms of this {{gmraprov|Agreement}} or any {{gmraprov|Transaction}}, nor give rise to any unilateral termination or alteration rights that the parties did not already have. <br> | ||