Template:GMRA 2000 10(a): Difference between revisions

Template:GMRA 2000 10(a) (view source)

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-{{grmaprov|10(a)}}	If any of the following events (each an “{{gmraprov|'''Event of Default'''}}”) occurs in relation to either party (the “'''{{gmraprov|Defaulting  Party}}'''”, the other party being the “'''{{gmraprov|Non-Defaulting Party}}'''”) whether acting as {{gmraprov|Seller}} or {{gmraprov|Buyer}}  - <br>
+{{gmraprov|10(a)}}	If any of the following events (each an “{{gmraprov|'''Event of Default'''}}”) occurs in relation to either party (the “'''{{gmraprov|Defaulting  Party}}'''”, the other party being the “'''{{gmraprov|Non-Defaulting Party}}'''”) whether acting as {{gmraprov|Seller}} or {{gmraprov|Buyer}}  - <br>
 :{{gmraprov|10(a)(i)}}	{{gmraprov|Buyer}} fails to pay the {{gmraprov|Purchase Price}} upon the applicable {{gmraprov|Purchase Date}} or {{gmraprov|Seller}} fails to pay the {{gmraprov|Repurchase Price}} upon the applicable {{gmraprov|Repurchase Date}} , and the {{gmraprov|Defaulting Party}} serves a {{gmraprov|Default Notice}} on the {{gmraprov|Defaulting Party}}; or  <br>
 :{{gmraprov|10(a)(ii)}}	if the parties have specified in Annex I hereto that this sub paragraph shall apply, {{gmraprov|Seller}} fails to deliver {{gmraprov|Purchased Securities}} on the {{gmraprov|Purchase Date}} or {{gmraprov|Buyer}} fails to deliver Equivalent  Securities on the {{gmraprov|Repurchase Date}} , and the {{gmraprov|Defaulting Party}} serves a {{gmraprov|Default Notice}} on the {{gmraprov|Defaulting Party}}; or <br>