Template:OSLA 1995 preamble: Difference between revisions

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'''WHEREAS:'''<br>
'''[[Preamble - OSLA Provision|WHEREAS]]:'''<br>


1. The Parties hereto are desirous of agreeing a procedure whereby either one of them (the “'''{{gmslaprov|Lender}}'''”) will make available to the other of them (the “'''{{gmslaprov|Borrower}}'''”) from time to time {{gmslaprov|Securities}} (as hereinafter defined) in order to enable the {{gmslaprov|Borrower}}, subject to any Inland Revenue provisions then in force, to fulfil a contract to sell such {{gmslaprov|Securities}} or to on lend such {{gmslaprov|Securities}} to a third party to enable such party to fulfil a contract to sell such {{gmslaprov|Securities}}, whether or not as part of a chain of arrangements to enable the final party in such chain to fulfil a contract to sell such {{gmslaprov|Securities}} or to replace an existing loan of {{gmslaprov|Securities}} to such third party, or for other purposes. <br>
1. The Parties hereto are desirous of agreeing a procedure whereby either one of them (the “'''{{gmslaprov|Lender}}'''”) will make available to the other of them (the “'''{{gmslaprov|Borrower}}'''”) from time to time {{gmslaprov|Securities}} (as hereinafter defined) in order to enable the {{gmslaprov|Borrower}}, subject to any Inland Revenue provisions then in force, to fulfil a contract to sell such {{gmslaprov|Securities}} or to on lend such {{gmslaprov|Securities}} to a third party to enable such party to fulfil a contract to sell such {{gmslaprov|Securities}}, whether or not as part of a chain of arrangements to enable the final party in such chain to fulfil a contract to sell such {{gmslaprov|Securities}} or to replace an existing loan of {{gmslaprov|Securities}} to such third party, or for other purposes. <br>