Event of Default on failure to redeliver - OSLA Provision: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{oslaprov|8(G)}} If the {{oslaprov|Borrower}} or the {{oslaprov|Lender}} for any reason fail to comply with their respective obligations under Clauses {{oslaprov|6(F)}} or {{...") |
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Revision as of 10:54, 13 December 2019
8(G) If the Borrower or the Lender for any reason fail to comply with their respective obligations under Clauses 6(F) or 6(G) in respect of redelivery of Equivalent Collateral or repayment of Cash Collateral such failure shall be an Event of Default for the purposes of this Clause 8, and the person failing to comply shall thus be the Defaulting Party.