Borrower’s right to terminate a Loan - GMSLA Provision: Difference between revisions
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But what to do if the {{gmslaprov|Securities}} no longer exist? |
Revision as of 10:28, 7 June 2017
GMSLA Anatomy™
Subject to the terms of the relevant Loan, Borrower shall be entitled at any time to terminate a Loan and to deliver all and any Equivalent Securities due and outstanding to Lender in accordance with Lender’s instructions and Lender shall accept such delivery.
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But what to do if the Securities no longer exist?