Template:GMSLA 2010 3: Difference between revisions
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{{gmslaprov|3}}. '''{{gmslaprov| | <br> | ||
{{gmslaprov|Lender}} will lend {{gmslaprov|Securities}} to {{gmslaprov|Borrower}}, and {{gmslaprov|Borrower}} will borrow {{gmslaprov|Securities}} from {{gmslaprov|Lender}} in accordance with the terms and conditions of this {{gmslaprov|Agreement}}. The terms of each {{gmslaprov|Loan}} shall be agreed prior to the commencement of the relevant {{gmslaprov|Loan}} either orally or in writing (including any agreed form of electronic communication) and confirmed in such form and on such basis as shall be agreed between the {{gmslaprov|Parties}}. Unless otherwise agreed, any confirmation produced by a {{gmslaprov|Party}} shall not supersede or prevail over the prior oral, written or electronic communication (as the case may be). <br> | {{gmslaprov|3}}. '''{{gmslaprov|Loans of Securities}}''' <br> | ||
{{gmslaprov|Lender}} will lend {{gmslaprov|Securities}} to {{gmslaprov|Borrower}}, and {{gmslaprov|Borrower}} will borrow {{gmslaprov|Securities}} from {{gmslaprov|Lender}} [[in accordance with]] the terms and conditions of this {{gmslaprov|Agreement}}. The terms of each {{gmslaprov|Loan}} [[shall]] be agreed [[prior to]] the commencement of the [[relevant]] {{gmslaprov|Loan}} either [[orally or in writing]] ([[including]] any agreed form of electronic communication) and confirmed in such form and on such basis [[as shall be agreed]] between the {{gmslaprov|Parties}}. [[Unless otherwise agreed]], any confirmation produced by a {{gmslaprov|Party}} shall not supersede [[or]] prevail over the prior oral, written or electronic communication ([[as the case may be]]). <br> | |||
Latest revision as of 15:30, 9 April 2020
3. Loans of Securities
Lender will lend Securities to Borrower, and Borrower will borrow Securities from Lender in accordance with the terms and conditions of this Agreement. The terms of each Loan shall be agreed prior to the commencement of the relevant Loan either orally or in writing (including any agreed form of electronic communication) and confirmed in such form and on such basis as shall be agreed between the Parties. Unless otherwise agreed, any confirmation produced by a Party shall not supersede or prevail over the prior oral, written or electronic communication (as the case may be).