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| {{1995 OSLA Section 7 TOC}} | | {{a|osla|{{1995 OSLA Section 7 TOC}}}} |
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| {{oslasnap|7}}
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| ====Commentary====
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| See Clause {{gmslaprov|8.3}} and {{gmslaprov|8.4}} of the {{tag|GMSLA}} by way of comparison, and also Clause {{gmslaprov|9}} which deals with the “mini-closeout” right upon a Party's {{gmslaprov|Failure to Deliver Equivalent Securities}} or {{gmslaprov|Failure to Deliver Equivalent Collateral}}.
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| Clause {{oslaprov|7(C)}} of the OSLA operates in much the same way as the “mini-closeout”, by permitting a Non-Defaulting Party to determine a value of each Loan as the difference between the value of the opposing legs of the trade.
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| ====Related Provisions====
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| *{{gmsla}} Paragraphs {{gmslaprov|8}} and {{gmslaprov|9}}.
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| {{oslaanatomy}}
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