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Template:OSLA 1995 8(D): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "(D) For the purposes of Clause {{oslaprov|8(C)}}, but subject to Clause {{oslaprov|8(E)}} below, the {{oslaprov|Bid Value}} and {{oslaprov|Offer Value}} of any securities sh...") |
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(D) For the purposes of Clause {{oslaprov|8(C)}}, but subject to Clause {{oslaprov|8(E)}} below, the {{oslaprov|Bid Value}} and {{oslaprov|Offer Value}} of any securities shall be calculated as at the Clause {{oslaprov|Close of Business}} in the most appropriate market for securities of the relevant description (as determined by the {{oslaprov|Non-Defaulting Party}}) on the first {{oslaprov|Business Day}} following the {{oslaprov|Performance Date}}, or if the relevant {{oslaprov|Event of Default}} occurs outside the normal business hours of such market, on the second {{oslaprov|Business Day}} following the {{oslaprov|Performance Date}} (the “'''{{oslaprov|Default Valuation Time}}'''”); <br> | {{oslaprov|8(D)}} For the purposes of Clause {{oslaprov|8(C)}}, but subject to Clause {{oslaprov|8(E)}} below, the {{oslaprov|Bid Value}} and {{oslaprov|Offer Value}} of any securities shall be calculated as at the Clause {{oslaprov|Close of Business}} in the most appropriate market for securities of the relevant description (as determined by the {{oslaprov|Non-Defaulting Party}}) on the first {{oslaprov|Business Day}} following the {{oslaprov|Performance Date}}, or if the relevant {{oslaprov|Event of Default}} occurs outside the normal business hours of such market, on the second {{oslaprov|Business Day}} following the {{oslaprov|Performance Date}} (the “'''{{oslaprov|Default Valuation Time}}'''”); <br> | ||