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Template:Nutshell Pledge GMSLA 8: Difference between revisions
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{{gmslaprov|8}}. '''{{gmslaprov|Delivery of Equivalent Securities}}''' <br> | {{gmslaprov|8}}. '''{{gmslaprov|Delivery of Equivalent Securities}}''' <br> | ||
{{ | {{gmslaprov|8.1}}: '''{{gmslaprov|Lender’s right to terminate a Loan}}''': Unless it is a [[Term stock loan|term Loan]], {{gmslaprov|Lender}} may terminate a {{gmslaprov|Loan}} and call for {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} by giving notice on any {{gmslaprov|Business Day}}. {{gmslaprov|Lender}} must allow the {{gmslaprov|Borrower}} at least the [[standard settlement cycle]] to return {{gmslaprov|Equivalent}} {{gmslaprov|Securities}}. <br> | ||
{{ | {{gmslaprov|8.2}} '''{{gmslaprov|Borrower’s right to terminate a Loan}}''': The {{gmslaprov|Borrower}} may terminate a {{gmslaprov|Loan}} at any time and deliver outstanding {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} to {{gmslaprov|Lender}} per its instructions. The {{gmslaprov|Lender}} must accept such delivery. <br> | ||
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