Template:Nutshell GMSLA 8.4: Difference between revisions
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{{gmslaprov|8.4}} '''{{gmslaprov|Delivery of Equivalent Collateral on termination of a Loan}}''' | {{gmslaprov|8.4}} '''{{gmslaprov|Delivery of Equivalent Collateral on termination of a Loan}}''': At the point where {{gmslaprov|Borrower}} is obliged to deliver {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} to {{gmslaprov|Lender}} on termination of a {{gmslaprov|Loan}}, {{gmslaprov|Lender}} must simultaneously deliver to {{gmslaprov|Borrower}} {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}} or{{gmslaprov|Cash Collateral}} relating to the {{gmslaprov|Loan}}. <br> | ||
At the point where {{gmslaprov|Borrower}} is obliged to deliver {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} to {{gmslaprov|Lender}} on termination of a {{gmslaprov|Loan}}, {{gmslaprov|Lender}} must simultaneously deliver to {{gmslaprov|Borrower}} {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}} or{{gmslaprov|Cash Collateral}} relating to the {{gmslaprov|Loan}}. <br> | |||
Latest revision as of 14:38, 7 July 2020
8.4 Delivery of Equivalent Collateral on termination of a Loan: At the point where Borrower is obliged to deliver Equivalent Securities to Lender on termination of a Loan, Lender must simultaneously deliver to Borrower Equivalent Collateral orCash Collateral relating to the Loan.