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Template:GMSLA 2010 Addendum 6: Difference between revisions
Template:GMSLA 2010 Addendum 6 (view source)
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{{gmslaprov|Addendum 6}}. {{gmslaprov|Pooled Principals: Rebalancing of Margin}} <br> | {{gmslaprov|Addendum 6}}. {{gmslaprov|Pooled Principals: Rebalancing of Margin}} <br> | ||
{{GMSLA 2010 Addendum 6.1}} | |||
:6.2 Paragraphs 6.3 to 6.5 below shall have effect for the purpose of ensuring that {{gmslaprov|Posted Collateral}} is, so far as is practicable, transferred and held uniformly, as between the respective {{gmslaprov|Pooled Principal}}s, in respect of all {{gmslaprov|Pooled Loan}}s for the time being outstanding under the Agreement. | :6.2 Paragraphs 6.3 to 6.5 below shall have effect for the purpose of ensuring that {{gmslaprov|Posted Collateral}} is, so far as is practicable, transferred and held uniformly, as between the respective {{gmslaprov|Pooled Principal}}s, in respect of all {{gmslaprov|Pooled Loan}}s for the time being outstanding under the Agreement. | ||
:6.3 At or as soon as practicable after the {{gmslaprov|Agent}}’s close of business on each {{gmslaprov|Business Day}} on which {{gmslaprov|Pooled Loan}}s are outstanding (or at such other times as the Parties may from time to time agree) there shall be effected such {{gmslaprov|Collateral Transfer}}s as shall ensure that immediately thereafter: | :6.3 At or as soon as practicable after the {{gmslaprov|Agent}}’s close of business on each {{gmslaprov|Business Day}} on which {{gmslaprov|Pooled Loan}}s are outstanding (or at such other times as the Parties may from time to time agree) there shall be effected such {{gmslaprov|Collateral Transfer}}s as shall ensure that immediately thereafter: | ||