In a Nutshell™ Clause 11.6: 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. view template 2010 GMSLA full text of Clause 11.6:
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Stock lending agreement comparison: Includes navigation for the 2000 GMSLA and the 1995 OSLA
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