83,229
edits
Template:GMSLA 2010 5.5: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) (Created page with "{{gmslaprov|5.5}} '''{{gmslaprov|Marking to Market of Collateral during the currency of a Loan on a Loan by Loan basis}}''' <br> If paragraph {{gmslaprov|Schedule 1.3}} of the...") |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 5: | Line 5: | ||
::(i) all amounts due and payable by the {{gmslaprov|Lender}} in respect of that {{gmslaprov|Loan}} but which are unpaid; and | ::(i) all amounts due and payable by the {{gmslaprov|Lender}} in respect of that {{gmslaprov|Loan}} but which are unpaid; and | ||
::(ii) if agreed between the parties and if the {{gmslaprov|Income Record Date}} has occurred in respect of any {{gmslaprov|Non-Cash Collateral}}, the amount or {{gmslaprov|Market Value}} of {{gmslaprov|Income}} payable in respect of such {{gmslaprov|Non-Cash Collateral}} | ::(ii) if agreed between the parties and if the {{gmslaprov|Income Record Date}} has occurred in respect of any {{gmslaprov|Non-Cash Collateral}}, the amount or {{gmslaprov|Market Value}} of {{gmslaprov|Income}} payable in respect of such {{gmslaprov|Non-Cash Collateral}} | ||
:exceeds | ::exceeds | ||
:the {{gmslaprov|Required Collateral Value}} in respect of such {{gmslaprov|Loan}} together with: | ::the {{gmslaprov|Required Collateral Value}} in respect of such {{gmslaprov|Loan}} together with: | ||
::(i) all amounts due and payable by the {{gmslaprov|Borrower}} in respect of that {{gmslaprov|Loan}}; and | ::(i) all amounts due and payable by the {{gmslaprov|Borrower}} in respect of that {{gmslaprov|Loan}}; and | ||
::(ii) if agreed between the parties and if the {{gmslaprov|Income Record Date}} has occurred in respect of {{gmslaprov|Securities}} equivalent to any {{gmslaprov|Loaned Securities}}, the amount or {{gmslaprov|Market Value}} of Income payable in respect of such {{gmslaprov|Equivalent}} {{gmslaprov|Securities}}, {{gmslaprov|Lender}} shall (on demand) repay [[and/or]] deliver, as the case may be, to {{gmslaprov|Borrower}} such {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}} as will eliminate the excess; and | ::(ii) if agreed between the parties and if the {{gmslaprov|Income Record Date}} has occurred in respect of {{gmslaprov|Securities}} equivalent to any {{gmslaprov|Loaned Securities}}, the amount or {{gmslaprov|Market Value}} of Income payable in respect of such {{gmslaprov|Equivalent}} {{gmslaprov|Securities}}, {{gmslaprov|Lender}} shall (on demand) repay [[and/or]] deliver, as the case may be, to {{gmslaprov|Borrower}} such {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}} as will eliminate the excess; and | ||
| Line 12: | Line 12: | ||
::(i) all amounts due any payable by the {{gmslaprov|Lender}} in respect of that {{gmslaprov|Loan}}; and | ::(i) all amounts due any payable by the {{gmslaprov|Lender}} in respect of that {{gmslaprov|Loan}}; and | ||
::(ii) if agreed between the parties and if the {{gmslaprov|Income Record Date}} has occurred in respect of any {{gmslaprov|Non-Cash Collateral}}, the amount or {{gmslaprov|Market Value}} of Income payable in respect of such {{gmslaprov|Non-Cash Collateral}} | ::(ii) if agreed between the parties and if the {{gmslaprov|Income Record Date}} has occurred in respect of any {{gmslaprov|Non-Cash Collateral}}, the amount or {{gmslaprov|Market Value}} of Income payable in respect of such {{gmslaprov|Non-Cash Collateral}} | ||
:falls below | ::falls below | ||
:the {{gmslaprov|Required Collateral Value}} together with: | ::the {{gmslaprov|Required Collateral Value}} together with: | ||
::(i) all amounts due and payable by the {{gmslaprov|Borrower}} in respect of that {{gmslaprov|Loan}}; and | ::(i) all amounts due and payable by the {{gmslaprov|Borrower}} in respect of that {{gmslaprov|Loan}}; and | ||
::(ii) if agreed between the parties and if the {{gmslaprov|Income Record Date}} has occurred in respect of {{gmslaprov|Securities}} equivalent to any {{gmslaprov|Loaned Securities}}, the amount or {{gmslaprov|Market Value}} of {{gmslaprov|Income}} payable in respect of such {{gmslaprov|Equivalent}} {{gmslaprov|Securities}}, {{gmslaprov|Borrower}} shall (on demand) provide such further {{gmslaprov|Collateral}} to {{gmslaprov|Lender}} as will eliminate the deficiency. <br> | ::(ii) if agreed between the parties and if the {{gmslaprov|Income Record Date}} has occurred in respect of {{gmslaprov|Securities}} equivalent to any {{gmslaprov|Loaned Securities}}, the amount or {{gmslaprov|Market Value}} of {{gmslaprov|Income}} payable in respect of such {{gmslaprov|Equivalent}} {{gmslaprov|Securities}}, {{gmslaprov|Borrower}} shall (on demand) provide such further {{gmslaprov|Collateral}} to {{gmslaprov|Lender}} as will eliminate the deficiency. <br> | ||