Template:Nutshell GMSLA 11.6

11.6 Where the Non Defaulting Party has not determined the Default Market Value of any Securities or Collateral (per 11.4), it will be an amount equal to their Net Value at the Default Valuation Time; provided that, if at that time the {{gmslaprov|Non Defaulting Party{{gmslaprov| reasonably determines it is not reasonably practicable for it to determine a commercially reasonable Net Value the relevant Default Market Value will be their Net Value as determined by the Non Defaulting Party as soon as reasonably practicable after the Default Valuation Time.