Care of Posted Collateral (VM) - NY VM CSA Provision: Difference between revisions
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You can basically stop reading after “Without limiting the {{nyvmcsaprov|Secured Party}}’s rights under Paragraph {{nyvmcsaprov|6(c)}}”. Because the {{nyvmcsaprov|Secured Party}}’s rights under {{nyvmcsaprov|6(c)}} basically allow it to nuke your [[security interest]] the moment it receives your collateral. It can give your carefully pledged asset away. |
Revision as of 18:47, 9 January 2020
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Differences between CSA versions
Template:Nycsa capsule 6(a) You can basically stop reading after “Without limiting the Secured Party’s rights under Paragraph 6(c)”. Because the Secured Party’s rights under 6(c) basically allow it to nuke your security interest the moment it receives your collateral. It can give your carefully pledged asset away.