Template:Nutshell GMRA 8: Difference between revisions
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{{gmraprov|8}}. '''{{gmraprov|Substitution}}'''<br> | {{gmraprov|8}}. '''{{gmraprov|Substitution}}'''<br> | ||
{{gmraprov|8(a)}} At any time the parties may agree to vary the Transaction by substituting {{gmraprov|Purchased Securities}} for other {{gmraprov|Securities}} having a prevailing {{gmraprov|Market Value}} at least equal to the Market Value of the original Purchased Securities for which they are to be exchanged (“'''{{gmraprov|New Purchased Securities}}'''”). <br> | {{gmraprov|8(a)}} At any time the parties may agree to vary the Transaction by substituting {{gmraprov|Purchased Securities}} for other {{gmraprov|Securities}} having a prevailing {{gmraprov|Market Value}} at least equal to the Market Value of the original Purchased Securities for which they are to be exchanged (“'''{{gmraprov|New Purchased Securities}}'''”). <br> | ||
{{gmraprov|8(b)}} The parties will substitute the Securities by simultaneous transfer, subject to paragraph {{gmraprov|6(d)}}, by the of the {{gmraprov|Equivalent Securities}} and {{gmraprov|New Purchased Securities}} concerned. <br> | |||
Revision as of 13:56, 6 July 2020
8. Substitution
8(a) At any time the parties may agree to vary the Transaction by substituting Purchased Securities for other Securities having a prevailing Market Value at least equal to the Market Value of the original Purchased Securities for which they are to be exchanged (“New Purchased Securities”).
8(b) The parties will substitute the Securities by simultaneous transfer, subject to paragraph 6(d), by the of the Equivalent Securities and New Purchased Securities concerned.