Template:2018 Pledge GMSLA TOC
1. Applicability
2. Interpretation
- 2.1 Definitions
- Act of Insolvency
- Applicable Law
- Base Currency
- Business Day
- Buy In
- Cash
- Cash Collateral
- Close of Business
- Collateral
- Control Agreement
- Custodian
- Defaulting Party
- Delivery
- Designated Office
- Equivalent or equivalent to
- Income
- Income Record Date
- Letter of Credit
- Loaned Securities
- Margin
- Market Value
- Nominee
- Non Defaulting Party
- Notification Time
- Parties
- Posted Collateral
- Reference Dealers
- Required Collateral Value
- Sales Tax
- Secured Account
- Security Agreement
- Settlement Date
- Stamp Tax
- Tax
- Template:Pgmslaprovv
- Act of Insolvency
- 2.2 Headings
- 2.3 Market terminology
- 2.4 Currency conversions
- 2.5
- 2.6 Modifications etc. to legislation
3. Loans of Securities
4. Delivery
- 4.1. Delivery of Securities on commencement of Loan
- 4.2. Requirements to effect Delivery
- 4.3. Deliveries of Income
- 5.1 Delivery of Collateral on commencement of a Loan
- 5.2 Deliveries through securities settlement systems generating automatic payments
- 5.3 Marking to Market of Collateral during the currency of a Loan
- 5.4 Instructions relating to the Required Collateral Value and responsibility for the Custodian
6. Distributions and Corporate Actions
- 6.1 Manufactured payments in respect of Loaned Securities
- 6.2 Income in the form of Securities
- 6.3 Exercise of voting rights
- 6.4 Corporate actions
7. Rates Applicable to Loaned Securities
8. Delivery of Equivalent Securities
- 8.1. Lender’s right to terminate a Loan
- 8.2. Borrower’s right to terminate a Loan
- 8.3. Non-Defaulting Party’s right to terminate all Loans
- 8.4. Delivery of Equivalent Securities on termination of a Loan
- 9.1 Borrower’s failure to deliver Equivalent Securities
- 9.2 Failure by either Party to deliver or instruct delivery
- 10.1 List of Events of Default
- 10.1(a): Failure to pay Collateral
- 10.1(b): Unremedied failure to manufacture payments
- 10.1(c): Failure to pay or deliver
- 10.1(d): Insolvency
- 10.1(e): Breach of warranty
- 10.1(f): Repudiation
- 10.1(g): Seizure of assets
- 10.1(h): Suspension from exchange
- 10.1(i): Unremedied failure to perform
- 10.1(j): Default under Security Agreement
- 10.1(a): Failure to pay Collateral
- 10.2 Notification of Events of Default
- 10.3 No consequential loss
11. Consequences of an Event of Default
- 11.1 Application of 11.2 to 11.8 following Event of Default
- 11.2 Delivery and payment obligations following Event of Default
- 11.3 Definition of Default Market Value
- 11.4 Determination of Default Market Value
- 11.5 Net Value determination where unable to sell Securities
- 11.6 Where Non-Defaulting Party has not determined Default Market Value
- 11.7 Other costs, expenses and interest payable in consequence of an Event of Default
- 11.8 Set-off
- 12.1. Withholding, gross up and provision of information
- 12.2. Deduction
- 12.3. Cooperation
- 12.4. Stamp Tax
- 12.5. Tax indemnity
- 12.6. Sales Tax
- 12.7. Retrospective changes in law
13. Lender’s Warranties
14. Borrower’s Warranties
15. Interest on Outstanding Payments
16. Termination of this Agreement
17. Single Agreement
18. Severance
19. Specific Performance
20. Notices
21. Assignment
22. Non-Waiver
23. Governing Law and Jurisdiction
24. Time
25. Recording
26. Waiver of Immunity
27. Expenses