Template:GMSLA 2010 5.7: Difference between revisions

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Revision as of 14:57, 12 July 2013 (view source) Amwelladmin (talk \| contribs) (Created page with ":{{gmslaprov\|5.7}} Where {{gmslaprov\|Equivalent}} {{gmslaprov\|Collateral}} is repaid or delivered (as the case may be) or further {{gmslaprov\|Collateral}} is provided by a Par...")		Latest revision as of 08:51, 1 September 2017 (view source) Amwelladmin (talk \| contribs) m (Amwelladmin moved page Template:2010 GMSLA 5.7 to Template:GMSLA 2010 5.7)
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	:{{gmslaprov\|5.7}} Where {{gmslaprov\|Equivalent}} {{gmslaprov\|Collateral}} is repaid or delivered (as the case may be) or further {{gmslaprov\|Collateral}} is provided by a Party under paragraph {{gmslaprov\|5.6}}, the {{gmslaprov\|Parties}} shall agree to which {{gmslaprov\|Loan}} or {{gmslaprov\|Loans}} such repayment, delivery or further provision is to be attributed and failing agreement it shall be attributed, as determined by the {{gmslaprov\|Party}} making such repayment, delivery or further provision to the earliest outstanding Loan and, in the case of a repayment or delivery up to the point at which the {{gmslaprov\|Market Value}} of {{gmslaprov\|Collateral}} in respect of such {{gmslaprov\|Loan}} equals the {{gmslaprov\|Required Collateral Value}} in respect of such {{gmslaprov\|Loan}}, and then to the next earliest outstanding {{gmslaprov\|Loan}} up to the similar point and so on. <br>		{{gmslaprov\|5.7}} Where {{gmslaprov\|Equivalent}} {{gmslaprov\|Collateral}} is repaid or delivered (as the case may be) or further {{gmslaprov\|Collateral}} is provided by a Party under paragraph {{gmslaprov\|5.6}}, the {{gmslaprov\|Parties}} shall agree to which {{gmslaprov\|Loan}} or {{gmslaprov\|Loans}} such repayment, delivery or further provision is to be attributed and failing agreement it shall be attributed, as determined by the {{gmslaprov\|Party}} making such repayment, delivery or further provision to the earliest outstanding Loan and, in the case of a repayment or delivery up to the point at which the {{gmslaprov\|Market Value}} of {{gmslaprov\|Collateral}} in respect of such {{gmslaprov\|Loan}} equals the {{gmslaprov\|Required Collateral Value}} in respect of such {{gmslaprov\|Loan}}, and then to the next earliest outstanding {{gmslaprov\|Loan}} up to the similar point and so on. <br>