Template:Nutshell GMSLA 4.3: Difference between revisions

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{{gmslaprov|4.3}} '''{{gmslaprov|Deliveries to be simultaneous unless otherwise agreed}}'''<br>
{{gmslaprov|4.3}} '''{{gmslaprov|Deliveries to be simultaneous unless otherwise agreed}}'''<br>
Where a {{gmslaprov|Party}} is entitled to withhold Payment or Delivery under paragraph {{gmslaprov|8.6}} ({{gmslaprov|Delivery obligations to be reciprocal}}) it may, in light of practical difficulties of arranging simultaneous delivery of securities and [[cash]], [[waive]] its right to require simultaneous delivery or payment, provided that no [[waiver]] under one {{gmslaprov|Loan}} will apply to any other. <br>
Even where a {{gmslaprov|Party}} is entitled to require simultaneous {{gmslaprov|Payment}} or {{gmslaprov|Delivery}} under paragraph {{gmslaprov|8.6}} ({{gmslaprov|Delivery obligations to be reciprocal}}) it may [[waive]] that right in light of prevailing circumstances. Such a [[waiver]] will not affect any other {{gmslaprov|Delivery}} or {{gmslaprov|Payment}}. <br>

Latest revision as of 11:53, 8 August 2019

4.3 Deliveries to be simultaneous unless otherwise agreed
Even where a Party is entitled to require simultaneous Payment or Delivery under paragraph 8.6 (Delivery obligations to be reciprocal) it may waive that right in light of prevailing circumstances. Such a waiver will not affect any other Delivery or Payment.