Acceleration on Event of Default - OSLA Provision

Paragraph 8(B), 1995 Overseas Securities Lender’s Agreement

Template:1995 OSLA 8(B)
view template

---

8(B) in a Nutshell™ _{(OSLA edition)}

8(B) If an Event of Default occurs to either Party, the Parties’ obligations are accelerated to the time of the Event of Default and:

• the Relevant Value of each Party’s obligations are determined under Clause 8(C); and
• the amount due as at the Performance Date) from each Party to the other (ie the Relevant Value of Equivalent Securities, Equivalent Collateral or any due cash) must be set-off against the sums due from the other and the balance will be payable (by the Party having the smaller claim) on the Performance Date.
  

view template

---

Commentary

Clause Comparison with GMSLA

The equivalent of this clause in the 2010 GMSLA is:

OSLA Anatomy™ Go Premium {{{2}}} 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 Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.