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Template:Pledge GMSLA 2018 5: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{pgmslaprov|5}} '''{{pgmslaprov|Collateral}}'''<br> {{pgmslaprov|5.1}} '''{{pgmslaprov|Delivery of Collateral on commencement of Loan}}''': Subject to the other provisions of...") |
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::{{pgmslaprov|5.3(a)(iii)}} if agreed between the {{pgmslaprov|Parties}} and if the {{pgmslaprov|Income Record Date}} has occurred in respect of any {{pgmslaprov|Securities}} {{pgmslaprov|Equivalent}} to {{pgmslaprov|Loaned Securities}}, the amount or {{pgmslaprov|Market Value}} of {{pgmslaprov|Income}} payable in respect of such {{pgmslaprov|Equivalent}} {{pgmslaprov|Securities}} in respect of such Loans; plus | ::{{pgmslaprov|5.3(a)(iii)}} if agreed between the {{pgmslaprov|Parties}} and if the {{pgmslaprov|Income Record Date}} has occurred in respect of any {{pgmslaprov|Securities}} {{pgmslaprov|Equivalent}} to {{pgmslaprov|Loaned Securities}}, the amount or {{pgmslaprov|Market Value}} of {{pgmslaprov|Income}} payable in respect of such {{pgmslaprov|Equivalent}} {{pgmslaprov|Securities}} in respect of such Loans; plus | ||
::{{pgmslaprov|5.3(a)(iv)}} if agreed between the {{pgmslaprov|Parties}}, any amounts which have accrued pursuant to paragraph 7 | ::{{pgmslaprov|5.3(a)(iv)}} if agreed between the {{pgmslaprov|Parties}}, any amounts which have accrued pursuant to paragraph 7 | ||
(the {{pgmslaprov|Required Collateral Value}}); | :(the '''{{pgmslaprov|Required Collateral Value}}'''); | ||
:{{pgmslaprov|5.3(b)}} if on any {{pgmslaprov|Business Day}} the aggregate {{pgmslaprov|Market Value}} of the {{pgmslaprov|Posted Collateral}} exceeds the {{pgmslaprov|Required Collateral Value}} applicable on that day, {{pgmslaprov|Lender}} shall in the manner provided by the {{pgmslaprov|Control Agreement}} instruct {{pgmslaprov|Custodian}} to transfer to {{pgmslaprov|Borrower}} from the relevant {{pgmslaprov|Secured Account}} by {{pgmslaprov|Close of Business}} on the relevant {{pgmslaprov|Business Day}} {{pgmslaprov|Posted Collateral}} having a {{pgmslaprov|Market Value}} at the date of transfer as close as practicable to (but not exceeding) the amount of the excess; | :{{pgmslaprov|5.3(b)}} if on any {{pgmslaprov|Business Day}} the aggregate {{pgmslaprov|Market Value}} of the {{pgmslaprov|Posted Collateral}} exceeds the {{pgmslaprov|Required Collateral Value}} applicable on that day, {{pgmslaprov|Lender}} shall in the manner provided by the {{pgmslaprov|Control Agreement}} instruct {{pgmslaprov|Custodian}} to transfer to {{pgmslaprov|Borrower}} from the relevant {{pgmslaprov|Secured Account}} by {{pgmslaprov|Close of Business}} on the relevant {{pgmslaprov|Business Day}} {{pgmslaprov|Posted Collateral}} having a {{pgmslaprov|Market Value}} at the date of transfer as close as practicable to (but not exceeding) the amount of the excess; | ||
:{{pgmslaprov|5.3(c)}} if on any {{pgmslaprov|Business Day}} the aggregate {{pgmslaprov|Market Value}} of the {{pgmslaprov|Posted Collateral}} falls below the {{pgmslaprov|Required Collateral Value}} applicable on that day, {{pgmslaprov|Borrower}} shall in the manner provided by the {{pgmslaprov|Control Agreement}} deliver and, in the case of {{pgmslaprov|Cash Collateral}}, transfer into the relevant {{pgmslaprov|Secured Account}} by {{pgmslaprov|Close of Business}} on the relevant {{pgmslaprov|Business Day}}, such further {{pgmslaprov|Collateral}} having a {{pgmslaprov|Market Value}} as at the date of transfer as close as practicable to (but not less than) the amount of the deficiency; and | :{{pgmslaprov|5.3(c)}} if on any {{pgmslaprov|Business Day}} the aggregate {{pgmslaprov|Market Value}} of the {{pgmslaprov|Posted Collateral}} falls below the {{pgmslaprov|Required Collateral Value}} applicable on that day, {{pgmslaprov|Borrower}} shall in the manner provided by the {{pgmslaprov|Control Agreement}} deliver and, in the case of {{pgmslaprov|Cash Collateral}}, transfer into the relevant {{pgmslaprov|Secured Account}} by {{pgmslaprov|Close of Business}} on the relevant {{pgmslaprov|Business Day}}, such further {{pgmslaprov|Collateral}} having a {{pgmslaprov|Market Value}} as at the date of transfer as close as practicable to (but not less than) the amount of the deficiency; and | ||