Failure to Deliver - GMSLA Provision

9. Failure to Deliver

9.1 Borrower’s failure to deliver Equivalent Securities

9.2 Lender’s failure to deliver Equivalent Collateral

9.3 Failure by either Party to deliver

Commentary

This is the fabled mini close-out provision of the 2010 GMSLA.

Related Provisions

update to anat|gmsla

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Index: Click ᐅ to expand:

GMSLA

Pledge GMSLA

OSLA

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