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| {{Pledge GMSLA 2018 9.1}} | | {{Pledge GMSLA 2018 9.1}} |
| {{Pledge GMSLA 2018 9.2}} | | {{Pledge GMSLA 2018 9.2}} |
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| {{gmslaprov|9.1}} '''{{pgmslaprov|Borrower’s failure to deliver Equivalent Securities}}''' <br>
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| If {{gmslaprov|Borrower}} fails to [[deliver]] {{pgmslaprov|Equivalent Securities}} in accordance with paragraph {{pgmslaprov|8.1}} to {{pgmslaprov|8.3}} {{pgmslaprov|Lender}} may:
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| :(a) elect to continue the {{pgmslaprov|Loan}} (which, [[for the avoidance of doubt]], shall continue to be taken into account for the purposes of paragraph {{pgmslaprov|5.3}}); or
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| :(b) at any time while such failure continues, by written notice to {{pgmslaprov|Borrower}} declare that that {{pgmslaprov|Loan}} (but only that {{pgmslaprov|Loan}}) shall be terminated immediately in accordance with paragraph {{pgmslaprov|11.2}} as if
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| ::(i) an {{pgmslaprov|Event of Default}} had occurred in relation to Borrower,
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| ::(ii) references to the {{pgmslaprov|Termination Date}} were to the date on which notice was given under this sub-paragraph, and
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| ::(iii) the {{pgmslaprov|Loan}} were the only {{pgmslaprov|Loan}} outstanding.
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| [[For the avoidance of doubt]], any such failure shall not constitute an {{pgmslaprov|Event of Default} (including under paragraph {{pgmslaprov|10.1(i)}}) unless the {{pgmslaprov|Parties}} otherwise agree.
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| {{gmslaprov|9.2}} '''{{pgmslaprov|Failure by either Party to deliver or instruct delivery}}''' <br> | | {{gmslaprov|9.2}} '''{{pgmslaprov|Failure by either Party to deliver or instruct delivery}}''' <br> |