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Administration

  • Sue Wright
Part of the Global Financial Markets book series (GFM)

Abstract

Clause 29 sets out the payment mechanics. Payments are to be made to the Agent in the principal financial centre for the currency concerned (or in the case of Euro, in one of the principal financial centres or in London ‘as specified by the Agent1). This effectively passes exchange control risk and risk of insolvency of intermediaries2 to the borrower.

Keywords

Promissory Note Loan Agreement Floating Rate Jurisdiction Clause Unfair Contract Term 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Sue Wright 2014

Authors and Affiliations

  • Sue Wright

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