Interpretation - OSLA Provision

OSLA Anatomy™ →Go uptown In a Nutshell™ Clause 1: Template:Nutshell OSLA 1 view template 1995 OSLA full text of Clause 1: 1. Interpretation 1(A) In this Agreement:- Template:OSLA 1995 Act of Insolvency Template:OSLA 1995 Agent Template:OSLA 1995 Alternative Collateral Template:OSLA 1995 Appropriate Tax Vouchers Template:OSLA 1995 Approved UK Collecting Agent Template:OSLA 1995 Approved Intermediary Template:OSLA 1995 Assured Payment Template:OSLA 1995 Assured Payment Agreement Template:OSLA 1995 Base Currency Template:OSLA 1995 Bid Price Template:OSLA 1995 Bid Value Template:OSLA 1995 Borrower Borrowing Request means a request made (by telephone or otherwise) by the Borrower to the Lender pursuant to Clause 2(A) specifying the description, title and amount of the Securities required by the Borrower, the proposed Settlement Date and duration of such loan and the date, time, mode and place of delivery which shall, where relevant, include the bank agent clearing or settlement system and account to which delivery of the Securities is to be made; Template:OSLA 1995 Business Day Template:OSLA 1995 Cash Collateral Template:OSLA 1995 Central Gilts Office Template:OSLA 1995 CGO Template:OSLA 1995 CGO Collateral Template:OSLA 1995 CGO Rules Template:OSLA 1995 Close of Business Template:OSLA 1995 Collateral Template:OSLA 1995 Defaulting Party Template:OSLA 1995 Equivalent Collateral Template:OSLA 1995 Collateral equivalent to Equivalent Securities means securities of an identical type, nominal value, description and amount to particular Securities borrowed and such term shall include the certificates and other documents of or evidencing title and transfer in respect of the foregoing (as appropriate). If and to the extent that such Securities are partly paid or have been converted, subdivided, consolidated, redeemed, made the subject of a takeover, capitalisation issue, rights issue or event similar to any of the foregoing, the expression shall have the following meaning: (a) in the case of conversion, subdivision or consolidation the securities into which the borrowed Securities have been converted, subdivided or consolidated PROVIDED THAT if appropriate, notice has been given in accordance with Clause 4(B)(vi); (b) in the case of redemption, a sum of money equivalent to the proceeds of the redemption; (c) in the case of takeover, a sum of money or securities, being the consideration or alternative consideration of which the Lender has given notice to the Borrower in accordance with Clause 4(B)(vi); (d) in the case of a call on partly paid securities, the paid-up securities PROVIDED THAT the Lender shall have paid to the Borrower an amount of money equal to the sum due in respect of the call; (e) in the case of a capitalisation issue, the borrowed Securities TOGETHER WITH the securities allotted by way of a bonus thereon; (f) in the case of a rights issue, the borrowed Securities TOGETHER WITH the securities allotted thereon, PROVIDED THAT the Lender has given notice to the Borrower in accordance with Clause 4(B)(vi), and has paid to the Borrower all and any sums due in respect thereof; (g) in the event that a payment or delivery of Income is made in respect of the borrowed Securities in the form of securities or a certificate which may at a future date be exchanged for securities or in the event of an option to take Income in the form of securities or a certificate which may at a future date be exchanged for securities, notice has been given to the Borrower in accordance with Clause 4(B)(vi) the borrowed Securities TOGETHER WITH securities or a certificate equivalent to those allotted; (h) in the case of any event similar to any of the foregoing, the borrowed Securities TOGETHER WITH or replaced by a sum of money or securities equivalent to that received in respect of such borrowed Securities resulting from such event; For the purposes of this definition, securities are equivalent to other securities where they are of an identical type, nominal value, description and amount and such term shall include the certificate and other documents of or evidencing title and transfer in respect of the foregoing (as appropriate); Template:OSLA 1995 Event of Default Template:OSLA 1995 Income Template:OSLA 1995 Income Payment Date Template:OSLA 1995 Lender Template:OSLA 1995 Manufactured Dividend Template:OSLA 1995 Margin Template:OSLA 1995 Nominee Template:OSLA 1995 Non-Defaulting Party Template:OSLA 1995 Offer Price Template:OSLA 1995 Offer Value Template:OSLA 1995 Parties Template:OSLA 1995 Performance Date Template:OSLA 1995 Principal Template:OSLA 1995 Reference Price Template:OSLA 1995 Relevant Payment Date Rules means the rules for the time being of the Stock Exchange (where either Party is a member of the Stock Exchange) and/or any other regulatory authority whose rules and regulations shall from time to time affect the activities of the Parties pursuant to this Agreement including but not limited to the stocklending regulations and guidance notes relating to both stocklending and manufactured interest and dividends for the time being in force of the Commissioners of the Inland Revenue and any associated procedures required pursuant thereto (PROVIDED THAT in an Event of Default, where either Party is a member of the Stock Exchange, the Rules and Regulations of the Stock Exchange shall prevail); Template:OSLA 1995 Securities Template:OSLA 1995 Settlement Bank Template:OSLA 1995 Settlement Date Template:OSLA 1995 Stock Exchange Template:OSLA 1995 Value view template 2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code | GMSLA Netting Pledge GMSLA: Hard copy (ISLA) · Full wikitext · Nutshell wikitext | 1995 OSLA: OSLA wikitext | OSLA in a nutshell | GMSLA/PGMSLA/OSLA clause comparison table From Our Friends On The Internet: Guide to equity finance | ISLA’s guide to securities lending for regulators and policy makers Navigation 2010 GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · Schedule · Agency Annex · Addendum for Pooled Principal Agency Loans 2018 Pledge GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · 28 · Schedule · Agency Annex Stock lending agreement comparison: Includes navigation for the 2000 GMSLA and the 1995 OSLA Index: Click ᐅ to expand: GMSLA Pledge GMSLA OSLA Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. 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The most glorious definitions section. There sure are a lot of ’em.