Template:Nutshell 2016 NY CSA 6(c)

6(c) Use of Posted Collateral (VM). Unless otherwise agreed specified in Paragraph 13 and without limiting the parties’ rights and obligations (especially remedies under Paragraph 8), while the Secured Party is not effectively in default, it may, notwithstanding Section 9-207 of the Uniform Commercial CodeL

Rehypothecate: 6(c)(i) rehypothecate, sell outright or otherwise deal with any Posted Collateral (VM) it holds absolutely; and

6(c)(ii) register Posted Collateral (VM) in its own name or its Custodian (VM)’s name.

References to Transfering Eligible Credit Support (VM) or Posted Credit Support (VM) under Paragraphs 3 and 5 will be construed to apply as if the Secured Party still holds all Posted Collateral (VM) even where it doesn’t.