Counterparts - GMSLA Provision

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GMSLA Anatomy™


In a Nutshell Clause 27.9:

27.9 This Agreement can be executed and delivered in counterparts. view template

2010 GMSLA full text of Clause 27.9:

27.9 This Agreement (and each amendment in respect of it) may be executed and delivered in counterparts (including by facsimile transmission), each of which will be deemed an original.
view template

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

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Stock lending agreement comparison: Includes navigation for the 2000 GMSLA and the 1995 OSLA

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Fastidious fellows in your legal department might fixate on the flimsiness of this clause. As we all know, multi-billion dollar litigation frequently hinges on the presence of absence of a counterparts clause. Here the concern is it this GMSLA version might not cover the way we do things in our modern life. I mean faxes are a bit antediluvian aren’t they? What about email scans? electronic execution? Digital signatures?