83,106
edits
Amwelladmin (talk | contribs) (Created page with "“'''{{gmsla2000prov|Market Value}}'''” means: <br> :(a) in relation to the valuation of {{gmsla2000prov|Securities}}, {{gmsla2000prov|Equivalent Securities}}, {{gmsla200...") |
Amwelladmin (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
“'''{{gmsla2000prov|Market Value}}'''” means: <br> | “'''{{gmsla2000prov|Market Value}}'''” means: <br> | ||
:(a) in relation to the valuation of {{gmsla2000prov|Securities}}, {{gmsla2000prov|Equivalent Securities}}, {{gmsla2000prov|Collateral }} or {{gmsla2000prov|Equivalent Collateral}} (other than Cash Collateral or a Letter of Credit): <br> | :(a) in relation to the valuation of {{gmsla2000prov|Securities}}, {{gmsla2000prov|Equivalent}} {{gmsla2000prov|Securities}}, {{gmsla2000prov|Collateral }} or {{gmsla2000prov|Equivalent}} {{gmsla2000prov|Collateral}} (other than {{gmsla2000prov|Cash Collateral}} or a {{gmsla2000prov|Letter of Credit}}): <br> | ||
::(i) such price as is equal to the market quotation for the bid price of such {{gmsla2000prov|Securities}}, {{gmsla2000prov|Equivalent Securities}}, {{gmsla2000prov|Collateral}} [[and/or]] {{gmsla2000prov|Equivalent Collateral}} as derived from a reputable pricing information service reasonably chosen in good faith by {{gmsla2000prov|Lender}}; or <br> | ::(i) such price as is equal to the market quotation for the bid price of such {{gmsla2000prov|Securities}}, {{gmsla2000prov|Equivalent}} {{gmsla2000prov|Securities}}, {{gmsla2000prov|Collateral}} [[and/or]] {{gmsla2000prov|Equivalent}} {{gmsla2000prov|Collateral}} as derived from a reputable pricing information service reasonably chosen in good faith by {{gmsla2000prov|Lender}}; or <br> | ||
::(ii) if unavailable the market value thereof as derived from the prices or rates bid by a reputable dealer for the relevant instrument reasonably chosen in good faith by {{gmsla2000prov|Lender}}, <br> | ::(ii) if unavailable the market value thereof as derived from the prices or rates bid by a reputable dealer for the relevant instrument reasonably chosen in good faith by {{gmsla2000prov|Lender}}, <br> | ||
:in each case at Close of Business on the previous {{gmsla2000prov|Business Day}} or, at the option of either {{gmsla2000prov|Party}} where in its reasonable opinion there has been an exceptional movement in the price of the asset in question since such time, the latest available price; plus (in each case) | :in each case at {{gmsla2000prov|Close of Business}} on the previous {{gmsla2000prov|Business Day}} or, at the option of either {{gmsla2000prov|Party}} where in its reasonable opinion there has been an exceptional movement in the price of the asset in question since such time, the latest available price; plus (in each case) | ||
::(iii) the aggregate amount of {{gmsla2000prov|Income}} which has accrued but not yet been paid in respect of the {{gmsla2000prov|Securities}}, {{gmsla2000prov|Equivalent Securities}}, {{gmsla2000prov|Collateral }} or {{gmsla2000prov|Equivalent Collateral}} concerned to the extent not included in such price, | ::(iii) the aggregate amount of {{gmsla2000prov|Income}} which has accrued but not yet been paid in respect of the {{gmsla2000prov|Securities}}, {{gmsla2000prov|Equivalent}} {{gmsla2000prov|Securities}}, {{gmsla2000prov|Collateral }} or {{gmsla2000prov|Equivalent}} {{gmsla2000prov|Collateral}} concerned to the extent not included in such price, | ||
:(provided that the price of {{gmsla2000prov|Securities}}, {{gmsla2000prov|Equivalent Securities}}, {{gmsla2000prov|Collateral }} or {{gmsla2000prov|Equivalent Collateral}} that are suspended shall (for the purposes of paragraph 5) be nil unless the Parties otherwise agree and (for all other purposes) shall be the price of such {{gmsla2000prov|Securities}}, {{gmsla2000prov|Equivalent Securities}}, {{gmsla2000prov|Collateral }} or {{gmsla2000prov|Equivalent Collateral}}, as the case may be, as of Close of Business on the dealing day in the relevant market last preceding the date of suspension or a commercially reasonable price agreed between the {{gmsla2000prov|Parties}}; <br> | :(provided that the price of {{gmsla2000prov|Securities}}, {{gmsla2000prov|Equivalent}} {{gmsla2000prov|Securities}}, {{gmsla2000prov|Collateral }} or {{gmsla2000prov|Equivalent}} {{gmsla2000prov|Collateral}} that are suspended shall (for the purposes of paragraph {{gmsla2000prov|5}}) be nil unless the {{gmsla2000prov|Parties}} otherwise agree and (for all other purposes) shall be the price of such {{gmsla2000prov|Securities}}, {{gmsla2000prov|Equivalent}} {{gmsla2000prov|Securities}}, {{gmsla2000prov|Collateral }} or {{gmsla2000prov|Equivalent}} {{gmsla2000prov|Collateral}}, as the case may be, as of {{gmsla2000prov|Close of Business}} on the dealing day in the relevant market last preceding the date of suspension or a commercially reasonable price agreed between the {{gmsla2000prov|Parties}}; <br> | ||
:(b) in relation to a {{gmsla2000prov|Letter of Credit}} the face or stated amount of such {{gmsla2000prov|Letter of Credit}}; and <br> | :(b) in relation to a {{gmsla2000prov|Letter of Credit}} the face or stated amount of such {{gmsla2000prov|Letter of Credit}}; and <br> | ||
:(c) in relation to {{gmsla2000prov|Cash Collateral}} the amount of the currency concerned; <br> | :(c) in relation to {{gmsla2000prov|Cash Collateral}} the amount of the currency concerned; <br> |