Manufactured Payments - 2000 GMSLA Provision: Difference between revisions

Manufactured Payments - 2000 GMSLA Provision (view source)

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	{{gmsla2000anat\|6.1}}		{{gmsla2000anat\|6.1}}
			What is the significance of the wording “would have been entitled to receive”. What if the {{gmslaprov\|Issuer}} is obliged to make the payment, but doesn’t? Does the {{gmslaprov\|Borrower}} of such a stock [[guarantee]] the {{gmslaprov\|Issuer}}’s performance? It is hard to see how this is intended, but that is one way you could read the wording.