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Nutshell GMSLA 11.5
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Revision as of 12:26, 8 March 2018 by
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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
.