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{{ | {{gmsla2000prov|5.4}} '''{{gmsla2000prov|Marking to Market of Collateral during the currency of a Loan on aggregated basis}}''' | ||
Unless paragraph {{ | Unless paragraph {{gmsla2000prov|1.3}} of the Schedule indicates that paragraph {{gmsla2000prov|5.5}} shall apply in lieu of this paragraph {{gmsla2000prov|5.4}}, or unless otherwise agreed between the Parties:- <br> | ||
:(i) the aggregate {{ | :(i) the aggregate {{gmsla2000prov|Market Value}} of the {{gmsla2000prov|Collateral}} delivered to or deposited with {{gmsla2000prov|Lender}} (excluding any {{gmsla2000prov|Equivalent Collateral}} repaid or redelivered under Paragraphs {{gmsla2000prov|5.4(ii)}} or {{gmsla2000prov|5.5(ii)}} (as the case may be)) (“'''{{gmsla2000prov|Posted Collateral}}'''”) in respect of all {{gmsla2000prov|Loan}}s outstanding under this {{gmsla2000prov|Agreement}} shall equal the aggregate of the {{gmsla2000prov|Market Value}} of the {{gmsla2000prov|Loaned Securities}} and the applicable {{gmsla2000prov|Margin}} (the “'''{{gmsla2000prov|Required Collateral Value}}'''”) in respect of such {{gmsla2000prov|Loan}}s; <br> | ||
:(ii) if at any time on any {{ | :(ii) if at any time on any {{gmsla2000prov|Business Day}} the aggregate {{gmsla2000prov|Market Value}} of the {{gmsla2000prov|Posted Collateral}} in respect of all {{gmsla2000prov|Loan}}s outstanding under this {{gmsla2000prov|Agreement}} exceeds the aggregate of the {{gmsla2000prov|Required Collateral Value}}s in respect of such {{gmsla2000prov|Loan}}s, {{gmsla2000prov|Lender}} shall (on demand) repay [[and/or]] redeliver. as the case may be, to {{gmsla2000prov|Borrower}} such {{gmsla2000prov|Equivalent}} {{gmsla2000prov|Collateral}} as will eliminate the excess; <br> | ||
:(iii) if at any time on any {{ | :(iii) if at any time on any {{gmsla2000prov|Business Day}} the aggregate {{gmsla2000prov|Market Value}} of the {{gmsla2000prov|Posted Collateral}} in respect of all {{gmsla2000prov|Loan}}s outstanding under this {{gmsla2000prov|Agreement}} falls below the aggregate of {{gmsla2000prov|Required Collateral Value}}s in respect of all such {{gmsla2000prov|Loan}}s, {{gmsla2000prov|Borrower}} shall (on demand) provide such further {{gmsla2000prov|Collateral}} to {{gmsla2000prov|Lender}} as will eliminate the deficiency.<br> |