Template:Nutshell GMSLA 5.3: Difference between revisions
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{{gmslaprov|5.3}} '''{{gmslaprov|Substitutions of Collateral}}''' <br> | {{gmslaprov|5.3}} '''{{gmslaprov|Substitutions of Collateral}}''' <br> | ||
{{gmslaprov|Borrower}} may | {{gmslaprov|Borrower}} may substitute any {{gmslaprov|Collateral}} it has posted with {{gmslaprov|Alternative Collateral}} that is acceptable to {{gmslaprov|Lender}} long as it delivers the {{gmslaprov|Alternative Collateral}} first, and otherwise meets the {{gmslaprov|Required Collateral Value}} requirement at all times. <br> | ||
Latest revision as of 18:51, 24 February 2022
5.3 Substitutions of Collateral
Borrower may substitute any Collateral it has posted with Alternative Collateral that is acceptable to Lender long as it delivers the Alternative Collateral first, and otherwise meets the Required Collateral Value requirement at all times.