Template:GMSLA 2010 8.3: Difference between revisions
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{{gmslaprov|8.3}} '''{{gmslaprov|Delivery of Equivalent Securities on termination of a Loan}}''' <br> | {{gmslaprov|8.3}} '''{{gmslaprov|Delivery of Equivalent Securities on termination of a Loan}}''' <br> | ||
{{gmslaprov|Borrower}} shall procure the {{gmslaprov|Delivery}} of {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} to {{gmslaprov|Lender}} or deliver {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} in accordance with this {{gmslaprov|Agreement}} and the terms of the relevant {{gmslaprov|Loan}} on termination of the {{gmslaprov|Loan}}. For the avoidance of doubt any reference in this {{gmslaprov|Agreement}} or in any other agreement or communication between the {{gmslaprov|Parties}} (howsoever expressed) to an obligation to deliver or account for or act in relation to {{gmslaprov|Loaned Securities}} shall accordingly be construed as a reference to an obligation to deliver or account for or act in relation to {{gmslaprov|Equivalent}} {{gmslaprov|Securities}}. <br> | {{gmslaprov|Borrower}} shall procure the {{gmslaprov|Delivery}} of {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} to {{gmslaprov|Lender}} or deliver {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} in accordance with this {{gmslaprov|Agreement}} and the terms of the relevant {{gmslaprov|Loan}} on termination of the {{gmslaprov|Loan}}. {{f|For the avoidance of doubt}} any reference in this {{gmslaprov|Agreement}} or in any other agreement or communication between the {{gmslaprov|Parties}} (howsoever expressed) to an obligation to deliver or account for or act in relation to {{gmslaprov|Loaned Securities}} shall accordingly be construed as a reference to an obligation to deliver or account for or act in relation to {{gmslaprov|Equivalent}} {{gmslaprov|Securities}}. <br> | ||
Latest revision as of 14:03, 6 March 2017
8.3 Delivery of Equivalent Securities on termination of a Loan
Borrower shall procure the Delivery of Equivalent Securities to Lender or deliver Equivalent Securities in accordance with this Agreement and the terms of the relevant Loan on termination of the Loan. For the avoidance of doubt any reference in this Agreement or in any other agreement or communication between the Parties (howsoever expressed) to an obligation to deliver or account for or act in relation to Loaned Securities shall accordingly be construed as a reference to an obligation to deliver or account for or act in relation to Equivalent Securities.