Template:Nutshell GMRA 10(h)

10(h) If Buyer fails to deliver Equivalent Securities on the Repurchase Date Seller may

(i) Refund: require Buyer immediately to refund the Repurchase Price, if already paid;

(ii) Post margin: require Buyer to collateralise any outstanding Transaction Exposure with Cash Margin;

(iii) Mini close-out: by written notice immediately terminate only the affected Transaction under paragraph 10(c), treating “the Repurchase Date” as the date of the notice, and disregarding references to transfer of Cash Margin and delivery of Equivalent Margin Securities.