Template:GMSLA 2010 7.2: Difference between revisions

Template:GMSLA 2010 7.2 (view source)

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	{{gmslaprov\|7.2}}. '''{{gmslaprov\|Rates in respect of Cash Collateral}}''' ~~<br />~~		{{gmslaprov\|7.2}}. '''{{gmslaprov\|Rates in respect of Cash Collateral}}''': Where {{gmslaprov\|Cash Collateral}} is deposited with {{gmslaprov\|Lender}} in respect of any {{gmslaprov\|Loan}}, {{gmslaprov\|Lender}} shall pay to {{gmslaprov\|Borrower}}, in the manner prescribed in paragraph {{gmslaprov\|7.3}}, sums calculated by applying such rates as shall be agreed between the {{gmslaprov\|Parties}} from time to time to the amount of such {{gmslaprov\|Cash Collateral}}. Any such payment due to {{gmslaprov\|Borrower}} may be set off against any payment due to Lender pursuant to paragraph {{gmslaprov\|7.1}}.<br />
	Where {{gmslaprov\|Cash Collateral}} is deposited with {{gmslaprov\|Lender}} in respect of any {{gmslaprov\|Loan}}, {{gmslaprov\|Lender}} shall pay to {{gmslaprov\|Borrower}}, in the manner prescribed in paragraph {{gmslaprov\|7.3}}, sums calculated by applying such rates as shall be agreed between the {{gmslaprov\|Parties}} from time to time to the amount of such {{gmslaprov\|Cash Collateral}}. Any such payment due to {{gmslaprov\|Borrower}} may be set off against any payment due to Lender pursuant to paragraph {{gmslaprov\|7.1}}.<br />