Template:GMSLA 2010 Addendum 6.1: Difference between revisions
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:6.1 Where the {{gmslaprov|Agent}} acts on behalf of more than one {{gmslaprov|Principal}}, the Parties may agree that, as regards all (but not some only) outstanding {{gmslaprov|Agency Loan}}s with those {{gmslaprov|Principal}}s, or with such of those {{gmslaprov|Principal}}s as they may agree ('''{{gmslaprov|Pooled Principal}}s''', such {{gmslaprov|Agency Loan}}s being '''{{gmslaprov|Pooled Loan}}s'''), any {{gmslaprov|Collateral Transfer}}s are to be made on an aggregate net basis. | :{{gmslaprov|Addendum 6.1}} Where the {{gmslaprov|Agent}} acts on behalf of more than one {{gmslaprov|Principal}}, the Parties may agree that, as regards all (but not some only) outstanding {{gmslaprov|Agency Loan}}s with those {{gmslaprov|Principal}}s, or with such of those {{gmslaprov|Principal}}s as they may agree ('''{{gmslaprov|Pooled Principal}}s''', such {{gmslaprov|Agency Loan}}s being '''{{gmslaprov|Pooled Loan}}s'''), any {{gmslaprov|Collateral Transfer}}s are to be made on an aggregate net basis. | ||
Latest revision as of 18:46, 14 January 2020
- Addendum 6.1 Where the Agent acts on behalf of more than one Principal, the Parties may agree that, as regards all (but not some only) outstanding Agency Loans with those Principals, or with such of those Principals as they may agree (Pooled Principals, such Agency Loans being Pooled Loans), any Collateral Transfers are to be made on an aggregate net basis.