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Template:GMSLA 2010 Agency Annex 1.1: Difference between revisions
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{{gmslaprov|Agency Annex 1.1}} '''{{gmslaprov|Power for Lender to enter into Loans as agent}}''' <br> | {{gmslaprov|Agency Annex 1.1}} '''{{gmslaprov|Power for Lender to enter into Loans as agent}}''' <br> | ||
Subject to the following provisions of this paragraph, {{gmslaprov|Lender}} may enter into {{gmslaprov|Loans}} as [[agent]] (in such capacity, the {{gmslaprov|Agent}}) for a third person (a {{gmslaprov|Principal}}), whether as [[custodian]] or [[investment manager]] or [[otherwise]] (a {{gmslaprov|Loan}} so entered into being referred to in this paragraph as an {{gmslaprov|Agency Loan}}). <br> | Subject to the following provisions of this paragraph, {{gmslaprov|Lender}} may enter into {{gmslaprov|Loans}} as [[agent]] (in such capacity, the '''{{gmslaprov|Agent}}''') for a third person (a '''{{gmslaprov|Principal}}'''), whether as [[custodian]] or [[investment manager]] or [[otherwise]] (a {{gmslaprov|Loan}} so entered into being referred to in this paragraph as an '''{{gmslaprov|Agency Loan}}'''). <br> | ||
If the {{gmslaprov|Lender}} has indicated in paragraph {{gmslaprov|Schedule 8}} of the {{gmslaprov|Schedule}} that it may act as {{gmslaprov|Agent}}, it must identify each {{gmslaprov|Loan}} in respect of which it acts as {{gmslaprov|Agent}} as an {{gmslaprov|Agency Loan}} at the time it is entered into. If the {{gmslaprov|Lender}} has indicated in paragraph {{gmslaprov|Schedule 8}} of the {{gmslaprov|Schedule}} that it will always act as {{gmslaprov|Agent}}, it need not identify each {{gmslaprov|Loan}} as an {{gmslaprov|Agency Loan}}. <br> | If the {{gmslaprov|Lender}} has indicated in paragraph {{gmslaprov|Schedule 8}} of the {{gmslaprov|Schedule}} that it may act as {{gmslaprov|Agent}}, it must identify each {{gmslaprov|Loan}} in respect of which it acts as {{gmslaprov|Agent}} as an {{gmslaprov|Agency Loan}} at the time it is entered into. If the {{gmslaprov|Lender}} has indicated in paragraph {{gmslaprov|Schedule 8}} of the {{gmslaprov|Schedule}} that it will always act as {{gmslaprov|Agent}}, it need not identify each {{gmslaprov|Loan}} as an {{gmslaprov|Agency Loan}}. <br> | ||