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{{gmraprov|10(a)}} If any of the following events (each an “{{gmraprov| | {{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)(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> | :{{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> |