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Template:Nutshell 1994 NY CSA 6(c): Difference between revisions
Template:Nutshell 1994 NY CSA 6(c) (view source)
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{{nycsaprov|6(c)}} '''{{nycsaprov|Use of Posted Collateral}}'''. Unless otherwise | {{nycsaprov|6(c)}} '''{{nycsaprov|Use of Posted Collateral}}'''. Unless otherwise specified in Paragraph {{nycsaprov|13}} and without limiting the parties’ rights and remedies (especially under Paragraph {{nycsaprov|8}}), while the {{nycsaprov|Secured Party}} is not effectively in default, it may, notwithstanding Section 9-207 of the [[Uniform Commercial Code]];<br> | ||
:{{nycsaprov|6(c)(i) | :{{nycsaprov|6(c)}}(i) '''[[Rehypothecate]]''': [[rehypothecate]], sell outright or otherwise deal with any {{nycsaprov|Posted Collateral}} it holds absolutely; and<br> | ||
:{{nycsaprov|6(c)(ii) | :{{nycsaprov|6(c)}}(ii) '''Register''': register {{nycsaprov|Posted Collateral}} in its own or its {{nycsaprov|Custodian}}’s name.<br> | ||
References to {{nycsaprov|Transfer}}ing {{nycsaprov|Eligible Credit Support}} or {{nycsaprov|Posted Credit Support}} under this {{nycsa}} will be construed to apply as if the {{nycsaprov|Secured Party}} still holds all {{nycsaprov|Posted Collateral}} even where in fact it doesn’t.<br> | References to {{nycsaprov|Transfer}}ing {{nycsaprov|Eligible Credit Support}} or {{nycsaprov|Posted Credit Support}} under this {{nycsa}} will be construed to apply as if the {{nycsaprov|Secured Party}} still holds all {{nycsaprov|Posted Collateral}} even where in fact it doesn’t.<br> | ||