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Template:M summ GMSLA 6.4: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "Where a {{gmslaprov|Borrower}} has called for redelivery of {{gmslaprov|equivalent}} non-cash {{gmslaprov|collateral}} prior to an {{gmslaprov|income record date}} and the {{g...") |
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The [[indemnity]] only applies where the {{gmslaprov|Borrower}} has agreed with the {{gmslaprov|Lender}} to provide acceptable alternative collateral and has given sufficient notice of its call for redelivery of the non-cash collateral. The Lender, acting [[reasonably]], must also have indicated to the Borrower that the proposed alternative collateral is acceptable to it (as to which, see {{isdaprov|5.15}} below). These provisions are modelled on those contained in the equities annex to the 2000 version of the {{gmsla}}. | The [[indemnity]] only applies where the {{gmslaprov|Borrower}} has agreed with the {{gmslaprov|Lender}} to provide acceptable alternative collateral and has given sufficient notice of its call for redelivery of the non-cash collateral. The Lender, acting [[reasonably]], must also have indicated to the Borrower that the proposed alternative collateral is acceptable to it (as to which, see {{isdaprov|5.15}} below). These provisions are modelled on those contained in the equities annex to the 2000 version of the {{gmsla}}. | ||
The parties may disapply paragraph {{gmslaprov|6.4}} under paragraph 1.6 of the {{gmslaprov|Schedule}}. | |||