Template:GMRA 2000 10(e): Difference between revisions

:(i)  If between the occurrence of the relevant {{gmraprov|Event of Default}} and the {{gmraprov|Default Valuation Time}} the {{gmraprov|non-Defaulting Party}} gives to the {{gmraprov|Defaulting Party}} a written notice (a “'''{{gmraprov|Default Valuation Notice}}'''”) which  <br>

::(A) states that, since the occurrence of the relevant {{gmraprov|Event of Default}}, the {{gmraprov|non-Defaulting Party}} has sold, in the case of {{gmraprov|Receivable Securities}}, or purchased, in the case of {{gmraprov|Deliverable Securities}}, {{gmraprov|Securities}} which form part of the same issue and are of an identical type and description as those {{gmraprov|Equivalent Securities}} or  {{gmraprov|Equivalent Margin Securities}}, and that the {{gmraprov|non-Defaulting Party}} elects to treat as the {{gmraprov|Default Market Value}}