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| {{gmslaprov|1.1}} From time to time the {{gmslaprov|Parties}} acting through one or more {{gmslaprov|Designated Offices}} may enter into transactions in which one party ('''{{gmslaprov|Lender}}''') will transfer to the other ('''{{gmslaprov|Borrower}}''') securities and financial instruments ('''{{gmslaprov|Securities}}''') against the transfer of {{gmslaprov|Collateral}} (as defined in paragraph {{gmslaprov|2}}) with a simultaneous agreement by {{gmslaprov|Borrower}} to transfer to {{gmslaprov|Lender}} {{gmslaprov|Securities}} equivalent to such {{gmslaprov|Securities}} on a fixed date or on demand against the transfer to {{gmslaprov|Borrower}} by {{gmslaprov|Lender}} of assets equivalent to such {{gmslaprov|Collateral}}.<br> | | <br> |
| {{gmslaprov|1.2}} Each such transaction shall be referred to in this {{gmslaprov|Agreement}} as a {{gmslaprov|Loan}} and shall be governed by the terms of this {{gmslaprov|Agreement}}, including the supplemental terms and conditions contained in the {{gmslaprov|Schedule}} and any {{gmslaprov|Addenda}} or {{gmslaprov|Annexes}} attached hereto, unless otherwise agreed in writing. In the event of any inconsistency between the provisions of an {{gmslaprov|Addendum}} or {{gmslaprov|Annex}} and this {{gmslaprov|Agreement}}, the provisions of such {{gmslaprov|Addendum}} or {{gmslaprov|Annex}} shall prevail unless the {{gmslaprov|Parties}} otherwise agree.<br> | | {{gmslaprov|1}}. '''{{gmslaprov|Applicability}} '''<br> |
| | {{GMSLA 2010 1.1}} |
| | {{GMSLA 2010 1.2}} |