Template:Nutshell GMSLA 11.6: Difference between revisions

Latest revision as of 10:22, 24 June 2020

11.6 If the Non-Defaulting Party has not determined a Default Market Value under 11.4, it will equal the Net Value of the securities in question at the Default Valuation Time. However, if the Non-Defaulting Party determines it is not practicable to calculate a commercially reasonable Net Value at that time, the Default Market Value will be the Net Value it determines as soon as reasonably practicable after the Default Valuation Time.

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	:{{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>		{{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>