📄 Extracted Text (454 words)
Execution Copy
TERMINATION AGREEMENT
This TERMINATION AGREEMENT (this "Termination Agreement") dared as of December
7, 2016 (the "Termination Date") is entered into by and between Deutsche Bank AG ("Party A") and
Southern Financial LLC ("Party B"). All capitalized terms used herein and not otherwise defined
shall
have the meanings provided in the GMRA (defined below).
WITAFSSETH-
WHEREAS, Party A and Party B are parties to Global Master Repurchase Agreement (along with any
and all Transactions outstanding thereunder, each as amended, supplemented or modified from time to
time, collectively, the "GMRA"; unless otherwise provided herein, all capitalized terms shall have the
same meaning ascribed to the terms in the GMRA), dated as of January 7, 2015 ; and
WHEREAS. Party A and Party B wish to terminate the GMRA as herein provided effective as of the
Termination Date.
NOW, THEREFORE, for good and valuable consideration, the existence of which is hereby
acknowledged, the parties agree as follows:
1) Termination. The parties hereto agree that there are no Transactions outstanding under the GMRA,
that no obligations currently exist, and no payments are owed or will be owed by Party A and Party B
to each other or to any other party in connection with the termination of the GMRA or otherwise.
The parties further agree that there are no outstanding balances, liabilities or assets in the name of
Party A or Party B under the GMRA as of the Termination Date. Accordingly, the parties hereby
agree that the GMRA is hereby terminated as of the Tennination Date.
2) Waiver of Notice Period. To the extent applicable, each party hereby waives its right to any notice or
notice period prior to termination.
3) Governing Law. This Termination Agreement will be governed by, and construed in accordance with,
the laws of England.
4) Miscellaneous. This Termination Agreement may be executed in counterparts, each of which shall be
deemed an original instrument and all of which taken together shall constitute one and the same
agreement. Each party hereto shall become bound by this Termination Agreement immediately upon
such party's execution and delivery hereof and independently of the execution and delivery hereof by
the other parties hereto. The parties may sign and deliver this Termination Agreement by electronic
mail or facsimile transmission. The parties agree that the delivery of this Termination Agreement by
electronic mail or facsimile shall have the same force and effect as delivery of original signatures and
that each party may use such electronic mail or facsimile signatures as evidence of the execution and
delivery of this Termination Agreement by both parties to the same extent that an original signature
could be used.
Confidential
CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0068871
CONFIDENTIAL SDNY_GM_00215055
EFTA01374259
ℹ️ Document Details
SHA-256
5a250f3a7ccb03763194864a54443e7ae13995785c67d5385a547f4f0f95f524
Bates Number
EFTA01374259
Dataset
DataSet-10
Document Type
document
Pages
1
Comments 0