Outstanding Payments. In the event of either Party failing to remit either directly or by its Nominee sums in accordance with this Agreement such Party hereby undertakes to pay a rate to the other Party upon demand on the net balance due and outstanding of 1% above the Barclays Bank PLC base rate from time to time in force.
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Sources: Master Gilt Edged Stock Lending Agreement, Master Equity & Fixed Interest Stock Lending Agreement, Securities Lending Agreement
Outstanding Payments. In the event of either any Party failing to remit either directly or by its Nominee nominee sums in accordance with this Agreement agreement such Party hereby undertakes to pay a rate to the other Party upon demand interest on the net balance due and outstanding at the rate of 1% 1 per cent. above the Barclays Bank PLC base rate from time to time in forceLIBOR.
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