82,891
edits
Template:GMSLA 2010 8.1: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) m (Text replace - "{{gmslaprov|Equivalent Securities}}" to "{{gmslaprov|Equivalent}} {{gmslaprov|Securities}}") |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
'''{{gmslaprov|8.1}}''' '''{{gmslaprov|Lender’s right to terminate a Loan}}'''<br> | '''{{gmslaprov|8.1}}''' '''{{gmslaprov|Lender’s right to terminate a Loan}}'''<br> | ||
Subject to paragraph {{gmslaprov|11}} and the terms of the relevant {{gmslaprov|Loan}}, {{gmslaprov|Lender}} shall be entitled to terminate a {{gmslaprov|Loan}} and to call for the delivery of all or any {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} at any time by giving notice on any {{gmslaprov|Business Day}} of not less than the standard settlement time for such {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} on the exchange or in the clearing organisation through which the {{gmslaprov|Loaned Securities}} were originally delivered. {{gmslaprov|Borrower}} shall deliver such {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} not later than the expiry of such notice in accordance with {{gmslaprov|Lender}}’s instructions.<br> | Subject to paragraph {{gmslaprov|11}} and the terms of the relevant {{gmslaprov|Loan}}, {{gmslaprov|Lender}} shall be entitled to terminate a {{gmslaprov|Loan}} and to call for the delivery of all or any {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} at any time by giving notice on any {{gmslaprov|Business Day}} of not less than the {{gmslaprov|standard settlement time}} for such {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} on the exchange or in the clearing organisation through which the {{gmslaprov|Loaned Securities}} were originally delivered. {{gmslaprov|Borrower}} shall deliver such {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} not later than the expiry of such notice in accordance with {{gmslaprov|Lender}}’s instructions.<br> | ||