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Template:Nutshell GMRA 8: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{gmraprov|8}}. '''{{gmraprov|Substitution}}'''<br> {{gmraprov|8(a)}} At any time the parties may agree to vary the Transaction by substituting {{gmraprov|Purchased Securities...") |
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{{gmraprov|8}}. '''{{gmraprov|Substitution}}'''<br> | {{gmraprov|8}}. '''{{gmraprov|Substitution}}'''<br> | ||
{{gmraprov|8(a)}} At any time the parties may agree to vary the Transaction by substituting {{gmraprov|Purchased Securities}} for other {{gmraprov|Securities}} having a prevailing {{gmraprov|Market Value}} at least equal to the Market Value of the original Purchased Securities for which they are to be exchanged (“'''{{gmraprov|New Purchased Securities}}'''”). <br> | {{gmraprov|8(a)}} At any time the parties may agree to vary the Transaction by substituting {{gmraprov|Purchased Securities}} for other {{gmraprov|Securities}} having a prevailing {{gmraprov|Market Value}} at least equal to the Market Value of the original Purchased Securities for which they are to be exchanged (“'''{{gmraprov|New Purchased Securities}}'''”). <br> | ||
{{gmraprov|8(b)}} The parties will substitute the Securities by simultaneous transfer, subject to paragraph {{gmraprov|6(d)}}, by the of the {{gmraprov|Equivalent Securities}} and {{gmraprov|New Purchased Securities}} concerned. <br> | |||