|2000 GMSLA Anatomy™|
In a Nutshell™ Clause 1:
Template:Nutshell GMSLA 2000 1
2000 GMSLA full text of Clause 1:
1.1 From time to time the parties may enter into transactions in which one party (“Lender”) will transfer to the other (“Borrower”) securities and financial instruments (“Securities”) against the transfer of Collateral (as defined in paragraph 2) with a simultaneous agreement by Borrower to transfer to Lender Securities equivalent to such Securities on a fixed date or on demand against the transfer to Borrower by Lender of assets equivalent to such Collateral.
1.2 Each such transaction shall be referred to in this Agreement as a “Loan” and shall be governed by the terms of this Agreement, including the supplemental terms and conditions contained in the Schedule and any Addenda or Annexures attached hereto, unless otherwise agreed in writing.
1.3 Either party may perform its obligations under this Agreement either directly or through a Nominee.