Template:Nutshell GMSLA 2.5: Difference between revisions
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{{gmslaprov|2.5}} The substitution of the lawful currency in a country will not alter the parties’ obligations under the {{gmslaprov|Agreement}} or any {{gmslaprov|Loan}}. {{gmslaprov|Securities}} will be regarded as equivalent to other {{gmslaprov|securities}} notwithstanding their redenomination into the new currency or their nominal value changing as a result. <br> | |||
Latest revision as of 11:59, 25 July 2019
2.5 The substitution of the lawful currency in a country will not alter the parties’ obligations under the Agreement or any Loan. Securities will be regarded as equivalent to other securities notwithstanding their redenomination into the new currency or their nominal value changing as a result.