Template:Nutshell 2000 GMSLA 8.4: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "{{gmslaprov|8.4}} '''{{gmslaprov|Redelivery of Equivalent Collateral on termination of a Loan}}''' <br> When {{gmslaprov|Equivalent Securities}} must be redelivered by {{gmsl..." |
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{{ | {{gmsla2000prov|8.4}} '''{{gmsla2000prov|Redelivery of Equivalent Collateral on termination of a Loan}}''' <br> | ||
When {{ | When {{gmsla2000prov|Equivalent Securities}} must be redelivered by {{gmsla2000prov|Borrower}} on termination of a {{gmsla2000prov|Loan}}, {{gmsla2000prov|Lender}} must simultaneously (subject to paragraph {{gmsla2000prov|5.4}}) return to {{gmsla2000prov|Borrower}} any {{gmsla2000prov|Cash Collateral}} or {{gmsla2000prov|Equivalent Collateral}} provided by {{gmsla2000prov|Borrower}} in respect of the {{gmsla2000prov|Loan}}. <br> | ||
Latest revision as of 09:11, 4 November 2021
8.4 Redelivery of Equivalent Collateral on termination of a Loan
When Equivalent Securities must be redelivered by Borrower on termination of a Loan, Lender must simultaneously (subject to paragraph 5.4) return to Borrower any Cash Collateral or Equivalent Collateral provided by Borrower in respect of the Loan.