Template:OSLA 1995 2: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{oslaprov|2}}. '''{{oslaprov|Loan}}s of {{oslaprov|Securities}}''' <br> {{oslaprov|2(A)}} The {{oslaprov|Lender}} will lend {{oslaprov|Securities}} to the {{oslaprov|Borrowe...") |
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{{oslaprov|2}}. '''{{oslaprov| | {{oslaprov|2}}. '''{{oslaprov|Loans of Securities}}''' <br> | ||
{{oslaprov|2(A)}} The {{oslaprov|Lender}} will lend {{oslaprov|Securities}} to the {{oslaprov|Borrower}}, and the {{oslaprov|Borrower}} will borrow {{oslaprov|Securities}} from the {{oslaprov|Lender}} in accordance with the terms and conditions of this Agreement and with the Rules PROVIDED ALWAYS THAT the {{oslaprov|Lender}} shall have received from the {{oslaprov|Borrower}} and accepted (by whatever means) a {{oslaprov|Borrowing Request}}. <br> | {{oslaprov|2(A)}} The {{oslaprov|Lender}} will lend {{oslaprov|Securities}} to the {{oslaprov|Borrower}}, and the {{oslaprov|Borrower}} will borrow {{oslaprov|Securities}} from the {{oslaprov|Lender}} in accordance with the terms and conditions of this Agreement and with the Rules PROVIDED ALWAYS THAT the {{oslaprov|Lender}} shall have received from the {{oslaprov|Borrower}} and accepted (by whatever means) a {{oslaprov|Borrowing Request}}. <br> | ||
{{oslaprov|2(B)}} The {{oslaprov|Borrower}} has the right to reduce the amount of {{oslaprov|Securities}} referred to in a {{oslaprov|Borrowing Request}} PROVIDED THAT the {{oslaprov|Borrower}} has notified the {{oslaprov|Lender}} of such reduction no later than midday London time on the day which is two {{oslaprov|Business Day}}s prior to the {{oslaprov|Settlement Date}} unless otherwise agreed between the Parties and the {{oslaprov|Lender}} shall have accepted such reduction (by whatever means). <br> | {{oslaprov|2(B)}} The {{oslaprov|Borrower}} has the right to reduce the amount of {{oslaprov|Securities}} referred to in a {{oslaprov|Borrowing Request}} PROVIDED THAT the {{oslaprov|Borrower}} has notified the {{oslaprov|Lender}} of such reduction no later than midday London time on the day which is two {{oslaprov|Business Day}}s prior to the {{oslaprov|Settlement Date}} unless otherwise agreed between the Parties and the {{oslaprov|Lender}} shall have accepted such reduction (by whatever means). <br> | ||
Latest revision as of 14:46, 27 November 2019
2. Loans of Securities
2(A) The Lender will lend Securities to the Borrower, and the Borrower will borrow Securities from the Lender in accordance with the terms and conditions of this Agreement and with the Rules PROVIDED ALWAYS THAT the Lender shall have received from the Borrower and accepted (by whatever means) a Borrowing Request.
2(B) The Borrower has the right to reduce the amount of Securities referred to in a Borrowing Request PROVIDED THAT the Borrower has notified the Lender of such reduction no later than midday London time on the day which is two Business Days prior to the Settlement Date unless otherwise agreed between the Parties and the Lender shall have accepted such reduction (by whatever means).