Template:Nutshell GMSLA 8.1: Difference between revisions
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{{gmslaprov|8.1}}: Unless it is a [[Term stock loan|term Loan]], {{gmslaprov|Lender}} may terminate a {{gmslaprov|Loan}} and call for {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} by giving notice on any {{gmslaprov|Business Day}}. {{gmslaprov|Lender}} must allow the {{gmslaprov|Borrower}} at least the [[standard settlement cycle]] to return {{gmslaprov|Equivalent}} {{gmslaprov|Securities}}. <br> | {{gmslaprov|8.1}}: '''{{gmslaprov|Lender’s right to terminate a Loan}}''': Unless it is a [[Term stock loan|term Loan]], {{gmslaprov|Lender}} may terminate a {{gmslaprov|Loan}} and call for {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} by giving notice on any {{gmslaprov|Business Day}}. {{gmslaprov|Lender}} must allow the {{gmslaprov|Borrower}} at least the [[standard settlement cycle]] to return {{gmslaprov|Equivalent}} {{gmslaprov|Securities}}. <br> | ||
Latest revision as of 14:35, 7 July 2020
8.1: Lender’s right to terminate a Loan: Unless it is a term Loan, Lender may terminate a Loan and call for Equivalent Securities by giving notice on any Business Day. Lender must allow the Borrower at least the standard settlement cycle to return Equivalent Securities.