Template:GMSLA 2010 8.5

From The Jolly Contrarian
Revision as of 10:14, 31 March 2017 by Amwelladmin (talk | contribs) (Created page with "{{gmslaprov|8.5}} '''{{gmslaprov|Delivery of Letters of Credit}}'''<br /> Where a {{gmslaprov|Letter of Credit}} is provided by way of {{gmslaprov|Collateral}}, the obligation...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

8.5 Delivery of Letters of Credit
Where a Letter of Credit is provided by way of Collateral, the obligation to deliver Equivalent Collateral is satisfied by Lender delivering for cancellation the Letter of Credit so provided, or where the Letter of Credit is provided in respect of more than one Loan, by Lender consenting to a reduction in the value of the Letter of Credit.

Retrieved from "https://jollycontrarian.com/index.php?title=Template:GMSLA_2010_8.5&oldid=16391"