Template:Nutshell GMSLA 10.1(b): Difference between revisions

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{{gmslaprov|10.1(b)}} {{gmslaprov|Lender}} or {{gmslaprov|Borrower}} fails to manufacture {{gmslaprov|Income}} under paragraph {{gmslaprov|6.2}} or {{gmslaprov|6.3}} when due and has not remedied that failure within three {{gmslaprov|Business Days}} after the {{gmslaprov|Non Defaulting Party}} notifies it that it must remedy that failure; <br>
{{gmslaprov|10.1(b)}} {{gmslaprov|Lender}} or {{gmslaprov|Borrower}} fails to manufacture {{gmslaprov|Income}} on {{gmslaprov|Loaned Securities}} or {{gmslaprov|Collateral}} when due and has not remedied that failure within three {{gmslaprov|Business Day}}s of notice from the {{gmslaprov|Non Defaulting Party}} requiring remediation; <br>

Revision as of 14:38, 1 August 2019

10.1(b) Lender or Borrower fails to manufacture Income on Loaned Securities or Collateral when due and has not remedied that failure within three Business Days of notice from the Non Defaulting Party requiring remediation;