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Borrower’s failure to deliver Equivalent Securities - GMSLA Provision: Difference between revisions
Borrower’s failure to deliver Equivalent Securities - GMSLA Provision (view source)
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{{ | {{fullanat|gmsla|9.1|2010}} | ||
====Commentary==== | ====Commentary==== | ||
If the {{gmslaprov|Lender}} decides to terminate, you are into the realm of the fabled and famous {{gmslaprov|mini close-out}}, wherein the {{gmslaprov|Lender}} exercises rights to terminate and value the {{gmslaprov|Loan}} by itself ''as if it were'' an {{gmslaprov|Event of Default}}, whilst not ''actually'' being an {{gmslaprov|Event of Default}}. | If the {{gmslaprov|Lender}} decides to terminate, you are into the realm of the fabled and famous {{gmslaprov|mini close-out}}, wherein the {{gmslaprov|Lender}} exercises rights to terminate and value the {{gmslaprov|Loan}} by itself ''as if it were'' an {{gmslaprov|Event of Default}}, whilst not ''actually'' being an {{gmslaprov|Event of Default}}. | ||
{{nuts|GMSLA|9.1}} | {{nuts|GMSLA|9.1}} | ||