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Template:GMSLA 2010 8.4: Difference between revisions
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Text replacement - "For the avoidance of doubt" to "{{f|For the avoidance of doubt}}"
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{{gmslaprov|8.4}} '''{{gmslaprov|Delivery of Equivalent Collateral on termination of a Loan}}''' <br> | {{gmslaprov|8.4}} '''{{gmslaprov|Delivery of Equivalent Collateral on termination of a Loan}}''' <br> | ||
On the date and time that {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} are required to be delivered by {{gmslaprov|Borrower}} on the termination of a {{gmslaprov|Loan}}, {{gmslaprov|Lender}} shall simultaneously (subject to paragraph {{gmslaprov|5.4}} if applicable) repay to {{gmslaprov|Borrower}} any {{gmslaprov|Cash Collateral}} or, as the case may be, deliver {{gmslaprov|Collateral}} equivalent to the {{gmslaprov|Collateral}} provided by {{cassprov|Borrower}} pursuant to paragraph {{gmslaprov|5}} in respect of such {{gmslaprov|Loan}}. For the avoidance of doubt any reference in this {{gmslaprov|Agreement}} or in any other agreement or communication between the {{gmslaprov|Parties}} (however expressed) to an obligation to deliver or account for or act in relation to {{gmslaprov|Collateral}} shall accordingly be construed as a reference to an obligation to deliver or account for or act in relation to {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}}. <br> | On the date and time that {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} are required to be delivered by {{gmslaprov|Borrower}} on the termination of a {{gmslaprov|Loan}}, {{gmslaprov|Lender}} shall simultaneously (subject to paragraph {{gmslaprov|5.4}} if applicable) repay to {{gmslaprov|Borrower}} any {{gmslaprov|Cash Collateral}} or, as the case may be, deliver {{gmslaprov|Collateral}} equivalent to the {{gmslaprov|Collateral}} provided by {{cassprov|Borrower}} pursuant to paragraph {{gmslaprov|5}} in respect of such {{gmslaprov|Loan}}. {{f|For the avoidance of doubt}} any reference in this {{gmslaprov|Agreement}} or in any other agreement or communication between the {{gmslaprov|Parties}} (however expressed) to an obligation to deliver or account for or act in relation to {{gmslaprov|Collateral}} shall accordingly be construed as a reference to an obligation to deliver or account for or act in relation to {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}}. <br> | ||