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Template:GMSLA 2010 3: Difference between revisions
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{{gmslaprov|3}}. '''{{gmslaprov| | <br> | ||
{{gmslaprov|Lender}} will lend {{gmslaprov|Securities}} to {{gmslaprov|Borrower}}, and {{gmslaprov|Borrower}} will borrow {{gmslaprov|Securities}} from {{gmslaprov|Lender}} in accordance with the terms and conditions of this {{gmslaprov|Agreement}}. The terms of each {{gmslaprov|Loan}} shall be agreed prior to the commencement of the relevant {{gmslaprov|Loan}} either orally or in writing (including any agreed form of electronic communication) and confirmed in such form and on such basis as shall be agreed between the {{gmslaprov|Parties}}. Unless otherwise agreed, any confirmation produced by a {{gmslaprov|Party}} shall not supersede or prevail over the prior oral, written or electronic communication (as the case may be). <br> | {{gmslaprov|3}}. '''{{gmslaprov|Loans of Securities}}''' <br> | ||
{{gmslaprov|Lender}} will lend {{gmslaprov|Securities}} to {{gmslaprov|Borrower}}, and {{gmslaprov|Borrower}} will borrow {{gmslaprov|Securities}} from {{gmslaprov|Lender}} [[in accordance with]] the terms and conditions of this {{gmslaprov|Agreement}}. The terms of each {{gmslaprov|Loan}} [[shall]] be agreed [[prior to]] the commencement of the [[relevant]] {{gmslaprov|Loan}} either [[orally or in writing]] ([[including]] any agreed form of electronic communication) and confirmed in such form and on such basis [[as shall be agreed]] between the {{gmslaprov|Parties}}. [[Unless otherwise agreed]], any confirmation produced by a {{gmslaprov|Party}} shall not supersede [[or]] prevail over the prior oral, written or electronic communication ([[as the case may be]]). <br> | |||