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Template:GMSLA 2010 6.3: Difference between revisions
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Text replace - "{{gmslaprov|Equivalent Collateral}}" to "{{gmslaprov|Equivalent}} {{gmslaprov|Collateral}}"
Amwelladmin (talk | contribs) (Created page with "{{gmslaprov|6.3}} '''{{gmslaprov|Manufactured payments in respect of Non-Cash Collateral}}''' <br> :Where {{gmslaprov|Non Cash Collateral}} is delivered by {{gmslaprov|Borrowe...") |
Amwelladmin (talk | contribs) m (Text replace - "{{gmslaprov|Equivalent Collateral}}" to "{{gmslaprov|Equivalent}} {{gmslaprov|Collateral}}") |
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{{gmslaprov|6.3}} '''{{gmslaprov|Manufactured payments in respect of Non-Cash Collateral}}''' <br> | {{gmslaprov|6.3}} '''{{gmslaprov|Manufactured payments in respect of Non-Cash Collateral}}''' <br> | ||
:Where {{gmslaprov|Non Cash Collateral}} is delivered by {{gmslaprov|Borrower}} to {{gmslaprov|Lender}} and an {{gmslaprov|Income Record Date}} in respect of such {{gmslaprov|Non Cash Collateral}} occurs before {{gmslaprov|Equivalent Collateral}} is delivered by {{gmslaprov|Lender}} to {{gmslaprov|Borrower}}, {{gmslaprov|Lender}} shall on the date such {{gmslaprov|Income}} is paid, or on such other date as the {{gmslaprov|Parties}} may from time to time agree, pay or deliver to {{gmslaprov|Borrower}} a sum of money or property as is agreed between the {{gmslaprov|Parties}} or, failing such agreement, a sum of money or property equivalent to (and in the same currency as) the type and amount of such {{gmslaprov|Income}} that would be received by {{gmslaprov|Lender}} in respect of such {{gmslaprov|Non Cash Collateral}} assuming {{gmslaprov|Lender}}: | :Where {{gmslaprov|Non Cash Collateral}} is delivered by {{gmslaprov|Borrower}} to {{gmslaprov|Lender}} and an {{gmslaprov|Income Record Date}} in respect of such {{gmslaprov|Non Cash Collateral}} occurs before {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}} is delivered by {{gmslaprov|Lender}} to {{gmslaprov|Borrower}}, {{gmslaprov|Lender}} shall on the date such {{gmslaprov|Income}} is paid, or on such other date as the {{gmslaprov|Parties}} may from time to time agree, pay or deliver to {{gmslaprov|Borrower}} a sum of money or property as is agreed between the {{gmslaprov|Parties}} or, failing such agreement, a sum of money or property equivalent to (and in the same currency as) the type and amount of such {{gmslaprov|Income}} that would be received by {{gmslaprov|Lender}} in respect of such {{gmslaprov|Non Cash Collateral}} assuming {{gmslaprov|Lender}}: | ||
:(a) retained the {{gmslaprov|Non Cash Collateral}} on the {{gmslaprov|Income Record Date}}; and <br> | :(a) retained the {{gmslaprov|Non Cash Collateral}} on the {{gmslaprov|Income Record Date}}; and <br> | ||
:(b) is not entitled to any credit, benefit or other relief in respect of {{gmslaprov|Tax}} under any {{gmslaprov|Applicable Law}}. <br> | :(b) is not entitled to any credit, benefit or other relief in respect of {{gmslaprov|Tax}} under any {{gmslaprov|Applicable Law}}. <br> | ||