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The {{pgmsla}} equivalent excises pretty much ''exactly'' the portion of this language t

[[16 - GMSLA Provision|There]] is a difference: first, curiously, the {{pgmsla}} inserts the right to terminate ''the entry into of further {{pgmslaprov|L

...ties}} and {{gmslaprov|Receivable Securities}} have disappeared from the {{pgmsla}}, because the {{gmslaprov|Collateral}} leg is locked down now, and by norm

The {{pgmsla}} introduces some rather uncontroversial [[conditions precedent]], since th

==Full text of the {{pgmsla}}==

[[10.3 - GMSLA Provision|Curiously]], this clause is lacking in the {{pgmsla}}. Perhaps because there will be all kinds of rinky-dinks with [[security e

...ashioned one, truth be told — didn’t make it from the {{gmsla}} into the {{pgmsla}}, the theory being that the {{gmslaprov|Borrower}} is engaged in raising f

...xes - Pledge GMSLA Provision|Sole]] difference between the {{gmsla}} and {{pgmsla}} is the removal in the pledge version of the lead-in reference in {{gmslap

[[Lender - Pledge GMSLA Provision|Unlike]] in the {{gmsla}}, in a {{pgmsla}} which is designed with [[agent lending]] arrangements in mind, one party

...right to rehypothecate, because that would undermine the pledge. Thus a {{pgmsla}} is a genuine secured lending arrangement.

[[10 - Pledge GMSLA Provision|In]] the {{pgmsla}} we wave good by to the {{gmsla}}’s {{gmslaprov|Automatic Early Terminat

...version only) to a {{pgmslaprov|Nominee}}, may be to recognise that the {{pgmsla}} is typically suitable only for [[agency lending]] arrangements, in which

...Provision|Counterintuitively]], this [[mini-close out]] provision in the {{pgmsla}} is very similar to the one in the {{gmsla}}. There is the notable absence

...kitext|OSLA in a nutshell]] | [[Stock lending agreement comparison|GMSLA/PGMSLA/OSLA clause comparison table]] <br>

[[27.4 - GMSLA Provision|There]] is no equivalent provision in the {{pgmsla}}. [[Agent lender]]s will need each principal’s consent before migrating

...t will be the [[Non-Defaulting Party - Pledge GMSLA Provision|NDP]]: the {{pgmsla}} rather brilliantly puts it into an unattributed [[passive]], as if God is

...te]] of your {{pgmslaprov|Lender}}. That’s the whole reason you have the {{pgmsla}} and not an ordinary [[title-transfer]] {{gmsla}} in the first place — t Those on the {{pgmsla}} standard form won’t have that [[grace period]] of course. Are you sunk?

...|9.3}} of the {{gmsla}} is identical to Clause {{pgmslaprov|9.2}} of the {{pgmsla}} but for the fussy references in the pledge document to “instructions to

...- Pledge GMSLA Provision|Remember]] the theory here, in contrast to the {{pgmsla}} is that the {{pgmslaprov|Borrower}} is managing collateral in a [[tripart

...h to pursue the path of least resistance, the tremendous opportunity the {{pgmsla}} presented to {{islacds}} for once and for all to rid this form of its unf