Event of Default on failure to redeliver - OSLA Provision

1995 Overseas Securities Lender’s Agreement
A Jolly Contrarian owner’s manual™

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Clause 8(G) in a Nutshell™

Use at your own risk, campers!

Template:Nutshell OSLA 8(G) view template

Full text of Clause 8(G)

8(G) If the Borrower or the Lender for any reason fail to comply with their respective obligations under Clauses 6(F) or 6(G) in respect of redelivery of Equivalent Collateral or repayment of Cash Collateral such failure shall be an Event of Default for the purposes of this Clause 8, and the person failing to comply shall thus be the Defaulting Party. view template

Related agreements and comparisons

Related agreements: Click here for the equivalent clause in the 2010 GMSLA Comparison: Click to [[special:diff/{{{1}}}/{{{2}}}\|compare]] the 2010 GMSLA and 1995 OSLA versions of this clause.