Template:Nutshell GMSLA 11.5

Revision as of 12:26, 8 March 2018 by Amwelladmin (talk | contribs)
11.5. If the Non Defaulting Party
(A) cannot buy or sell securities (per 11.4(a)) or obtain quotations (per 11.4(b)); or
(B) determines it would not be commercially reasonable to do so (or use any 11.4(b) quotations which did get);
it may determine the Net Value of Equivalent Securities or Collateral and treat it as the relevant Default Market Value.