Sandbox: Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
No edit summary
Tags: Mobile edit Mobile web edit
No edit summary
Line 1: Line 1:
{{manual|MSG|2010|11.1|Clause|}}
{{manual|MSG|2010|9.1|Clause|}}


{{wikifier macro|template=nycsaprov|article=Posted Credit Support}}
{{wikifier macro|template=nycsaprov|article=Posted Credit Support}}
{{wikifer definition macro|nycsa}}
{{wikifer definition macro|nycsa}}
{{wikifier paragrapher|nycsa}}
{{wikifier paragrapher|nycsa}}

Revision as of 08:24, 26 January 2020

2010 Global Master Securities Lending Agreement
A Jolly Contrarian owner’s manual™

Resources and navigation

2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code | GMSLA Netting

Pledge GMSLA: Hard copy (ISLA) · Full wikitext · Nutshell wikitext |
1995 OSLA: OSLA wikitext | OSLA in a nutshell | GMSLA/PGMSLA/OSLA clause comparison table
From Our Friends On The Internet: Guide to equity finance | ISLA’s guide to securities lending for regulators and policy makers
Navigation
2010 GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · Schedule · Agency Annex · Addendum for Pooled Principal Agency Loans
2018 Pledge GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · 28 · Schedule · Agency Annex

Stock Loan owner’s manuals: 2010 GMSLA · 2000 GMSLA · Pledge GMSLA · OSLA

Index: Click to expand:

Clause 9.1 in a Nutshell

Use at your own risk, campers!
9.1 Borrower’s failure to deliver Equivalent Securities : If Borrower doesn’t deliver Equivalent Securities under para 8.3 Lender may:
(a) continue the Loan; or
(b) terminate the individual Loan per para 11.2 as if the Borrower was subject to an Event of Default but the Loan were the only outstanding Loan.
Notwithstanding the above, such a failure will not be an Event of Default.

Full text of Clause 9.1

9.1 Borrower’s failure to deliver Equivalent Securities: If Borrower fails to deliver Equivalent Securities in accordance with paragraph 8.3 Lender may:
(a) elect to continue the Loan (which, for the avoidance of doubt, shall continue to be taken into account for the purposes of paragraph 5.4 or 5.5 as applicable); or
(b) at any time while such failure continues, by written notice to Borrower declare that that Loan (but only that Loan) shall be terminated immediately in accordance with paragraph 11.2 as if:
(i) an Event of Default had occurred in relation to the Borrower,
(ii) references to the Termination Date were to the date on which notice was given under this sub paragraph, and
(iii) the Loan were the only Loan outstanding.
For the avoidance of doubt, any such failure shall not constitute an Event of Default (including under paragraph 10.1(i)) unless the Parties otherwise agree.

Related agreements and comparisons

Related agreements: Click here for the same clause in the 2018 Pledge GMSLA
Related agreements: Click here for the same clause in the 1995 OSLA
Comparison: Click to compare the 2010 GMSLA and 2018 Pledge GMSLA versions of this clause.

Comparison: Template:Osladiff 9.1

Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

{{m comm {{{6}}}|GMSLA 9.1|Template:Prov MSG2010 }}

See also

Template

References

Sub Wikifier
   With Selection.Find
       .Text = "{{{article}}}"
       .Replacement.Text = "{{{{{template}}}|{{{article}}}}}"
       .Forward = True
       .Wrap = wdFindContinue
       .Format = False
       .MatchCase = True
       .MatchWholeWord = False
       .MatchWildcards = False
       .MatchSoundsLike = False
       .MatchAllWordForms = False
   End With
   Selection.Find.Execute Replace:=wdReplaceAll
End Sub
Sub Wikifier definition 
 Selection.Find.ClearFormatting
   Selection.Find.Replacement.ClearFormatting
   With Selection.Find
       .Text = ChrW(8220) & "([a-z,A-Z,0-9, ]{1,})" & ChrW(8221)
       .Replacement.Text = ChrW(8220) & "'''{{nycsaprov|\1}}'''" & ChrW(8221 _
           )
       .Forward = True
       .Wrap = wdFindAsk
       .Format = False
       .MatchCase = False
       .MatchWholeWord = False
       .MatchAllWordForms = False
       .MatchSoundsLike = False
       .MatchWildcards = True
   End With
   Selection.Find.Execute Replace:=wdReplaceAll
End Sub
Sub Paragrapher()
   Selection.Find.ClearFormatting
   Selection.Find.Replacement.ClearFormatting
   With Selection.Find
       .Text = "Paragraph ([0-9\(\)][!.,;: ]{1,})"
       .Replacement.Text = "Paragraph {{nycsaprov|\1}}"
       .Forward = True
       .Wrap = wdFindAsk
       .Format = False
       .MatchCase = False
       .MatchWholeWord = False
       .MatchAllWordForms = False
       .MatchSoundsLike = False
       .MatchWildcards = True
   End With
   Selection.Find.Execute Replace:=wdReplaceAll
End Sub