Termination of this Agreement - Pledge GMSLA Provision

2018 Global Master Securities Lending Agreement (Pledge Version)
A Jolly Contrarian owner’s manual™

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Clause 16 in a Nutshell™

Use at your own risk, campers!

16 Termination of this Agreement Each Party may terminate this Agreement on 15 Business Days’ written notice specifying the date of termination but the Security Agreement and the Control Agreement remain in place under all Loans are terminated. view template

Full text of Clause 16

16 Termination of this Agreement Each Party shall have the right to terminate the entry into of further Loans under this Agreement by giving not less than 15 Business Days’ notice in writing to the other Party (which notice shall specify the date of termination) provided that the provisions of this Agreement, the Security Agreement and the Control Agreement shall remain in full force and effect at all times with respect to all Loans entered into at any time prior to such termination and each Party will duly comply with and discharge all of its obligations under this Agreement, the Security Agreement and the Control Agreement in relation to such Loans as if no such termination notice had been given. view template

Related agreements and comparisons

Related agreements: Click here for the same clause in the 2010 GMSLA Comparison: Click to compare the 2010 GMSLA and 2018 Pledge GMSLA versions of this clause.

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