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GMSLA Netting: Difference between revisions
→Term {{gmslaprov|Loans}}
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====Term {{gmslaprov|Loans}}==== | ====Term {{gmslaprov|Loans}}==== | ||
Note term {{gmslaprov|Loans}} may need to be treated differently, as the “without notice” termination right (under {{gmslaprov|8.1}} and {{gmslaprov|8.2}}) will not necessarily apply. We recommend (i) updating template confirmation notices for term {{gmslaprov|Loans}} to be clear that notwithstanding their term they are individually terminable upon any of the events listed in {{gmslaprov|Events of Default}} (even where they have not been invoked) and (ii) updating template {{tag|GMSLA}} schedules to include this provision. | |||
{{gmslaanatomy}} | {{gmslaanatomy}} | ||