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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> |