Exercise of buy-in on failure to redeliver - 2000 GMSLA Provision

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2000 Global Master Securities Lending Agreement
A Jolly Contrarian owner’s manual

Clause 9.4 in a Nutshell
Use at your own risk, campers!

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Clause 9.4 in full

9.4 Exercise of buy-in on failure to redeliver
In the event that as a result of the failure of the Transferor to fulfil its redelivery obligations a “buy-in” is exercised against the Transferee, then the Transferor shall account to the Transferee for the total costs and expenses reasonably incurred by the Transferee as a result of such “buy-in”.
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Content and comparisons

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Summary

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See also

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References