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| '''{{gmraprov|1}}. {{gmraprov|Applicability}}'''<br> | | '''{{gmraprov|1}}. {{gmraprov|Applicability}}'''<br> |
| {{gmraprov|1(a)}} From time to time the parties hereto may enter into {{gmraprov|Transaction}}s in which one party, acting through a {{gmraprov|Designated Office}}, (“'''{{gmraprov|Seller}}'''”) agrees to sell to the other, acting through a {{gmraprov|Designated Office}}, (“'''{{gmraprov|Buyer}}'''”) {{gmraprov|Securities}} and financial instruments (“Securities”) (subject to paragraph {{gmraprov|1(c)}}, other than equities and {{gmraprov|Net Paying Securities}}) against the payment of the purchase price by {{gmraprov|Buyer}} to {{gmraprov|Seller}}, with a simultaneous agreement by {{gmraprov|Buyer}} to sell to {{gmraprov|Seller}} {{gmraprov|Securities}} {{gmraprov|equivalent}} to such {{gmraprov|Securities}} at a date certain or on demand against the payment of the repurchase price by {{gmraprov|Seller}} to {{gmraprov|Buyer}}.<br> | | {{GMRA 2000 1(a)}} |
| {{gmraprov|1(b)}} Each such {{gmraprov|Transaction}} (which may be a repurchase {{gmraprov|Transaction}} (“Repurchase {{gmraprov|Transaction}}”) or a buy and sell back {{gmraprov|Transaction}} (“Buy/Sell Back {{gmraprov|Transaction}}”) shall be referred to herein as a “Transaction” and shall be governed by this {{gmraprov|Agreement}}, including any supplemental terms or conditions contained in Annex I hereto, unless otherwise agreed in writing.<br> | | {{GMRA 2000 1(b)}} |
| {{gmraprov|1(c)}} If this {{gmraprov|Agreement}} may be applied to | | {{GMRA 2000 1(c)}} |
| :(i) Buy/Sell Back {{gmraprov|Transaction}}s, this shall be specified in Annex I hereto, and the provisions of the Buy/Sell Back Annex shall apply to such Buy/Sell Back {{gmraprov|Transaction}}s;
| | {{GMRA 2000 1(d)}} |
| :(ii) {{gmraprov|Net Paying Securities}}, this shall be specified in Annex I hereto and the provisions of Annex 1, paragraph {{gmraprov|1(b)}} shall apply to {{gmraprov|Transaction}}s involving {{gmraprov|Net Paying Securities}}.<br>
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| {{gmraprov|1(d)}} If {{gmraprov|Transaction}}s are to be effected under this {{gmraprov|Agreement}} by either {{gmraprov|Party A}}s an agent, this shall be specified in Annex I hereto, and the provisions of the {{gmraprov|Agency Annex}} shall apply to such {{gmraprov|Agency Transaction}}s.<br>
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