Lender’s right to terminate a Loan - GMSLA Provision

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Commentary


8.1 in a Nutshell (GMSLA edition)

8.1: Lender’s right to terminate a Loan: Unless it is a term Loan, Lender may terminate a Loan and call for Equivalent Securities by giving notice on any Business Day. Lender must allow the Borrower at least the standard settlement cycle to return Equivalent Securities.

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