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Template:GMSLA 2010 7.3: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{gmslaprov|7.3}} '''{{gmslaprov|Payment of rates}}'''<br /> In respect of each {{gmslaprov|Loan}}, the payments referred to in paragraph {{gmslaprov|7.1}} and {{gmslaprov|7.2...") |
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{{gmslaprov|7.3}} '''{{gmslaprov|Payment of rates}}''' | {{gmslaprov|7.3}} '''{{gmslaprov|Payment of rates}}''': In respect of each {{gmslaprov|Loan}}, the payments referred to in paragraph {{gmslaprov|7.1}} and {{gmslaprov|7.2}} shall accrue daily in respect of the period commencing on and inclusive of the {{gmslaprov|Settlement Date}} and terminating on and exclusive of the {{gmslaprov|Business Day}} upon which {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} are delivered or {{gmslaprov|Cash Collateral}} is repaid. Unless otherwise agreed, the sums so accruing in respect of each calendar month shall be paid in arrears by the relevant {{gmslaprov|Party}} not later than the {{gmslaprov|Business Day}} which is the tenth {{gmslaprov|Business Day}} after the last {{gmslaprov|Business Day}} of the calendar month to which such payments relate or such other date as the {{gmslaprov|Parties}} shall [[from time to time]] agree. <br /> | ||
In respect of each {{gmslaprov|Loan}}, the payments referred to in paragraph {{gmslaprov|7.1}} and {{gmslaprov|7.2}} shall accrue daily in respect of the period commencing on and inclusive of the {{gmslaprov|Settlement Date}} and terminating on and exclusive of the {{gmslaprov|Business Day}} upon which {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} are delivered or {{gmslaprov|Cash Collateral}} is repaid. Unless otherwise agreed, the sums so accruing in respect of each calendar month shall be paid in arrears by the relevant {{gmslaprov|Party}} not later than the {{gmslaprov|Business Day}} which is the tenth {{gmslaprov|Business Day}} after the last {{gmslaprov|Business Day}} of the calendar month to which such payments relate or such other date as the {{gmslaprov|Parties}} shall [[from time to time]] agree. <br /> | |||