Template:Nutshell GMSLA 6.2
Where a Loan extends over an Income Record Date, the Borrower must, on the relevant distribution date, account to the Lender for the Income it would have received had it held them Income Record Date.
Where a Loan extends over an Income Record Date, the Borrower must, on the relevant distribution date, account to the Lender for the Income it would have received had it held them Income Record Date.