Template:Pledge GMSLA 2018 Delivery

Delivery in relation to any Securities, Equivalent Securities or Collateral comprising Securities means:

(a) the crediting of such Securities (i) in the case of Collateral to be delivered by Borrower, to the relevant Secured Account of Borrower, (ii) in the case of Collateral to be delivered by Lender, to an account of Borrower or (iii) in any other case, to an account of Borrower or Lender, as the case may be, or as it shall direct, or

(b) by such other means as may be agreed, and deliver shall be construed accordingly;