Template:GMSLA 2000 9.4: Difference between revisions
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{{ | {{gmsla2000prov|9.4}} '''{{gmsla2000prov|Exercise of buy-in on failure to redeliver}}''' <br> | ||
In the event that as a result of the failure of the {{ | In the event that as a result of the failure of the {{gmsla2000prov|Transferor}} to fulfil its redelivery obligations a “{{gmsla2000prov|buy-in}}” is exercised against the {{gmsla2000prov|Transferee}}, then the {{gmsla2000prov|Transferor}} shall account to the {{gmsla2000prov|Transferee}} for the total costs and expenses reasonably incurred by the {{gmsla2000prov|Transferee}} as a result of such “{{gmsla2000prov|buy-in}}”. <br> | ||
Latest revision as of 14:34, 7 June 2021
9.4 Exercise of buy-in on failure to redeliver
In the event that as a result of the failure of the Transferor to fulfil its redelivery obligations a “buy-in” is exercised against the Transferee, then the Transferor shall account to the Transferee for the total costs and expenses reasonably incurred by the Transferee as a result of such “buy-in”.