In a Nutshell™ Clause 11.5: 11.5 Where there’s no commercially reasonable value: If, having tried in good faith, the Non-Defaulting Party has not been able to sell nor purchase Securities under paragraph 11.4(a) or obtain quotations under paragraph 11.4(b), or it considers the quotations it did obtain are not commercially reasonable, it may determine the Net Value of the Equivalent Securities or Collateral and treat that as their Default Market Value. view template 2010 GMSLA full text of Clause 11.5:
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Stock lending agreement comparison: Includes navigation for the 2000 GMSLA and the 1995 OSLA
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