Marking to Market of Collateral during the currency of a Loan on aggregated basis - GMSLA Provision: Difference between revisions

Agreement as a percentage of the market value of each form of acceptable collateral). When making this calculation account is also taken of (i) amounts due and payable by either party under the Agreement but which are unpaid; and (ii) if agreed between the parties and if the income record date has occurred in respect of any non-cash collateral and loaned securities, the amount or market value of income payable in respect of such non-cash collateral or securities. The borrower has the right to call for excess collateral provided to the lender and the lender has the right to demand further collateral if a collateral deficiency exists.''

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