Template:Nutshell 2000 GMSLA 8.4: Difference between revisions

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When Equivalent Securities must be redelivered by Borrower on termination of a Loan, Lender must simultaneously (subject to paragraph 5.4) return to Borrower any Cash Collateral or Equivalent Collateral provided by Borrower in respect of the Loan.

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	{{~~gmslaprov~~\|8.4}} '''{{~~gmslaprov~~\|Redelivery of Equivalent Collateral on termination of a Loan}}''' <br>		{{gmsla2000prov\|8.4}} '''{{gmsla2000prov\|Redelivery of Equivalent Collateral on termination of a Loan}}''' <br>

	When {{~~gmslaprov~~\|Equivalent Securities}} must be redelivered by {{~~gmslaprov~~\|Borrower}} on termination of a {{~~gmslaprov~~\|Loan}}, {{~~gmslaprov~~\|Lender}} must simultaneously (subject to paragraph {{~~gmslaprov~~\|5.4}}) return to {{~~gmslaprov~~\|Borrower}} any {{~~gmslaprov~~\|Cash Collateral}} or {{~~gmslaprov~~\|Equivalent Collateral}} provided by {{~~gmslaprov~~\|Borrower}} in respect of the {{~~gmslaprov~~\|Loan}}. <br>		When {{gmsla2000prov\|Equivalent Securities}} must be redelivered by {{gmsla2000prov\|Borrower}} on termination of a {{gmsla2000prov\|Loan}}, {{gmsla2000prov\|Lender}} must simultaneously (subject to paragraph {{gmsla2000prov\|5.4}}) return to {{gmsla2000prov\|Borrower}} any {{gmsla2000prov\|Cash Collateral}} or {{gmsla2000prov\|Equivalent Collateral}} provided by {{gmsla2000prov\|Borrower}} in respect of the {{gmsla2000prov\|Loan}}. <br>