Template:Nutshell GMSLA 11.6: Difference between revisions

Template:Nutshell GMSLA 11.6 (view source)

12 bytes removed , 24 June 2020

no edit summary

83,229

edits

Revision as of 12:28, 8 March 2018 (view source) Amwelladmin (talk \| contribs) No edit summary ← Older edit		Revision as of 09:37, 24 June 2020 (view source) Amwelladmin (talk \| contribs) No edit summary Newer edit →
Line 1:		Line 1:
	:{{gmslaprov\|11.6}} ~~Where, under {{gmslaprov\|11.4}},~~ the {{gmslaprov\|Non Defaulting Party}} has not determined a {{gmslaprov\|Default Market Value}}, it will ~~be an amount~~ equal to the ~~relevant~~ {{gmslaprov\|Net Value}} at the {{gmslaprov\|Default Valuation Time}}. However, if the {{gmslaprov\|Non Defaulting Party}} ~~[[reasonably]]~~ determines it is not [[practicable~~]] for it~~ to ~~determine~~ a [[commercially reasonable]] {{gmslaprov\|Net Value}} the {{gmslaprov\|Default Market Value}} will be the {{gmslaprov\|Net Value}} it determines as soon as reasonably practicable after the {{gmslaprov\|Default Valuation Time}}. <br>		:{{gmslaprov\|11.6}} If the {{gmslaprov\|Non-Defaulting Party}} has not determined a {{gmslaprov\|Default Market Value}} under {{gmslaprov\|11.4}}, it will equal the {{gmslaprov\|Net Value}} of the securities in question at the {{gmslaprov\|Default Valuation Time}}. However, if the {{gmslaprov\|Non-Defaulting Party}} determines it is not practicable to calculate a [[commercially reasonable]] {{gmslaprov\|Net Value}} at that time, the {{gmslaprov\|Default Market Value}} will be the {{gmslaprov\|Net Value}} it determines as soon as reasonably practicable after the {{gmslaprov\|Default Valuation Time}}. <br>