Template:Nutshell GMSLA 8.4: Difference between revisions

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{{gmslaprov|8.4}} '''{{gmslaprov|Delivery of Equivalent Collateral on termination of a Loan}}''' <br>
{{gmslaprov|8.4}} '''{{gmslaprov|Delivery of Equivalent Collateral on termination of a Loan}}''': At the point where {{gmslaprov|Borrower}} is obliged to deliver {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} to {{gmslaprov|Lender}} on termination of a {{gmslaprov|Loan}}, {{gmslaprov|Lender}} must simultaneously deliver to {{gmslaprov|Borrower}} {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}} or{{gmslaprov|Cash Collateral}} relating to the {{gmslaprov|Loan}}. <br>
At the point where {{gmslaprov|Borrower}} is obliged to deliver {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} to {{gmslaprov|Lender}} on termination of a {{gmslaprov|Loan}}, {{gmslaprov|Lender}} must simultaneously deliver to {{gmslaprov|Borrower}} {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}} or{{gmslaprov|Cash Collateral}} relating to the {{gmslaprov|Loan}}. <br>

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