Template:Nutshell Pledge GMSLA 9.1: Difference between revisions

Latest revision as of 09:53, 6 January 2022

9.1 Borrower’s failure to deliver Equivalent Securities : If Borrower doesn’t deliver Equivalent Securities under paras 8.1 to 8.3 Lender may:

(a) continue the Loan; or

(b) terminate the individual Loan per para 11.2 as if the Borrower was subject to an Event of Default but the Loan were the only outstanding Loan.

Notwithstanding the above, such a failure will not be an Event of Default.

@@ Line 1: / Line 1: @@
-{{gmslaprov|9.1}} '''{{gmslaprov|Borrower}}’s failure to deliver {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} ''': If {{gmslaprov|Borrower}} doesn’t deliver {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} under para {{gmslaprov|8.3}} Lender may:
+{{pgmslaprov|9.1}} '''{{pgmslaprov|Borrower}}’s failure to deliver {{pgmslaprov|Equivalent}} {{pgmslaprov|Securities}} ''': If {{pgmslaprov|Borrower}} doesn’t deliver {{pgmslaprov|Equivalent}} {{pgmslaprov|Securities}} under paras {{pgmslaprov|8.1}} to {{pgmslaprov|8.3}} Lender may:
-:(a) continue the {{gmslaprov|Loan}}; or
+:(a) continue the {{pgmslaprov|Loan}}; or
-:(b) terminate the individual {{gmslaprov|Loan}} per para {{gmslaprov|11.2}} as if the {{gmslaprov|Borrower}} was subject to an {{gmslaprov|Event of Default}} but the {{gmslaprov|Loan}} were the only outstanding {{gmslaprov|Loan}}.
+:(b) terminate the individual {{pgmslaprov|Loan}} per para {{pgmslaprov|11.2}} as if the {{pgmslaprov|Borrower}} was subject to an {{pgmslaprov|Event of Default}} but the {{pgmslaprov|Loan}} were the only outstanding {{pgmslaprov|Loan}}.
-Notwithstanding the above, such a failure will '''not''' be an {{gmslaprov|Event of Default}}. <br>
+Notwithstanding the above, such a failure will '''not''' be an {{pgmslaprov|Event of Default}}. <br>