Template:GMSLA 2010 7.2: Difference between revisions
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{{gmslaprov|7.2}} {{gmslaprov|Rates in respect of Cash Collateral}}<br /> | {{gmslaprov|7.2}}. '''{{gmslaprov|Rates in respect of Cash Collateral}}''' <br /> | ||
Where {{gmslaprov|Cash Collateral}} is deposited with {{gmslaprov|Lender}} in respect of any {{gmslaprov|Loan}}, {{gmslaprov|Lender}} shall pay to {{gmslaprov|Borrower}}, in the manner prescribed in paragraph {{gmslaprov|7.3}}, sums calculated by applying such rates as shall be agreed between the {{gmslaprov|Parties}} from time to time to the amount of such {{gmslaprov|Cash Collateral}}. Any such payment due to {{gmslaprov|Borrower}} may be set off against any payment due to Lender pursuant to paragraph {{gmslaprov|7.1}}.<br /> | Where {{gmslaprov|Cash Collateral}} is deposited with {{gmslaprov|Lender}} in respect of any {{gmslaprov|Loan}}, {{gmslaprov|Lender}} shall pay to {{gmslaprov|Borrower}}, in the manner prescribed in paragraph {{gmslaprov|7.3}}, sums calculated by applying such rates as shall be agreed between the {{gmslaprov|Parties}} from time to time to the amount of such {{gmslaprov|Cash Collateral}}. Any such payment due to {{gmslaprov|Borrower}} may be set off against any payment due to Lender pursuant to paragraph {{gmslaprov|7.1}}.<br /> |