Care of Posted Collateral (VM) - NY VM CSA Provision: Difference between revisions
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{{nycsaanatn|6(a)}} | {{nycsaanatn|6(a)|2016}} | ||
You can basically stop reading after “Without limiting the {{nyvmcsaprov|Secured Party}}’s rights under Paragraph {{nyvmcsaprov|6(c)}}”. Because the {{nyvmcsaprov|Secured Party}}’s rights under {{nyvmcsaprov|6(c)}} basically allow it to nuke your [[security interest]] the moment it receives your collateral. It can give your carefully pledged asset away. | You can basically stop reading after “Without limiting the {{nyvmcsaprov|Secured Party}}’s rights under Paragraph {{nyvmcsaprov|6(c)}}”. Because the {{nyvmcsaprov|Secured Party}}’s rights under {{nyvmcsaprov|6(c)}} basically allow it to nuke your [[security interest]] the moment it receives your collateral. It can give your carefully pledged asset away. | ||
Revision as of 09:14, 22 January 2020
Template:Nycsaanatn You can basically stop reading after “Without limiting the Secured Party’s rights under Paragraph 6(c)”. Because the Secured Party’s rights under 6(c) basically allow it to nuke your security interest the moment it receives your collateral. It can give your carefully pledged asset away.