Template:Nutshell GMSLA 9.2

9.2 Lender’s failure to deliver Equivalent Collateral: If Lender fails to deliver Equivalent Non Cash Collateral on termination of a Loan (See 8.4), Borrower may:

9.2(a) continue the Loan; or

9.2(b) terminate the Loan under paragraph 11.2 by written notice to Lender, as if:

(i) an Event of Default had occurred to the Lender;

(ii) the Termination Date were the date of such written notice, and

(iii) the Loan were the only Loan outstanding.

However this will not be an Event of Default.