Template:Nutshell OSLA Recital: Difference between revisions
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'''[[Recital - OSLA Provision| | '''[[Recital - OSLA Provision|WHEREAS]]''':<br> | ||
1. The {{oslaprov|Parties}} want to make arrangements under which one (the '''{{oslaprov|Lender}}''') will make {{oslaprov|Securities}} available to the other (the '''{{oslaprov|Borrower}}''') [[from time to time]] so the {{oslaprov|Borrower}} can sell them to someone else, so ''that someone else'' can sell them to someone ''else'', who in turn can sell them — and so on and so on you get the picture — or — hell, I don’t know — for other purposes too. <br> | 1. The {{oslaprov|Parties}} want to make arrangements under which one (the '''{{oslaprov|Lender}}''') will make {{oslaprov|Securities}} available to the other (the '''{{oslaprov|Borrower}}''') [[from time to time]] so the {{oslaprov|Borrower}} can sell them to someone else, so ''that someone else'' can sell them to someone ''else'', who in turn can sell them — and so on and so on you get the picture — or — hell, I don’t know — for other purposes too. <br> | ||
2. All transactions carried out under this {{oslaprov|Agreement}} will be effected in accordance with applicable {{oslaprov|Rules}} and market practices.<br> | 2. All transactions carried out under this {{oslaprov|Agreement}} will be effected in accordance with applicable {{oslaprov|Rules}} and market practices.<br> | ||
Latest revision as of 11:30, 9 January 2022
WHEREAS:
1. The Parties want to make arrangements under which one (the Lender) will make Securities available to the other (the Borrower) from time to time so the Borrower can sell them to someone else, so that someone else can sell them to someone else, who in turn can sell them — and so on and so on you get the picture — or — hell, I don’t know — for other purposes too.
2. All transactions carried out under this Agreement will be effected in accordance with applicable Rules and market practices.