Template:Pledge GMSLA 2018 8.4: Difference between revisions

no edit summary
(Created page with "{{pgmslaprov|8.4}} '''{{pgmslaprov|Delivery of Equivalent Securities on termination of a Loan}}''' :Upon termination of a {{pgmslaprov|Loan}}, whether pursuant to any of parag...")
 
No edit summary
 
Line 1: Line 1:
{{pgmslaprov|8.4}} '''{{pgmslaprov|Delivery of Equivalent Securities on termination of a Loan}}'''
{{pgmslaprov|8.4}} '''{{pgmslaprov|Delivery of Equivalent Securities on termination of a Loan}}''': Upon termination of a {{pgmslaprov|Loan}}, whether pursuant to any of paragraph {{pgmslaprov|8.1}} to {{pgmslaprov|8.3}} or otherwise in accordance with this Agreement and the terms of the relevant {{pgmslaprov|Loan}}, Borrower shall procure the {{pgmslaprov|Delivery}} of {{pgmslaprov|Equivalent}} {{pgmslaprov|Securities}} to {{pgmslaprov|Lender}} or deliver {{pgmslaprov|Equivalent}} {{pgmslaprov|Securities}}, such {{pgmslaprov|Delivery}} to be effected in accordance with this Agreement and the terms of the relevant {{pgmslaprov|Loan}}. [[For the avoidance of doubt]] any reference in this Agreement or in any other agreement or communication between the Parties (howsoever expressed) to an obligation to deliver or account for or act in relation to {{pgmslaprov|Loaned Securities}} shall accordingly be construed as a reference to an obligation to deliver or account for or act in relation to {{pgmslaprov|Equivalent}} {{pgmslaprov|Securities}}. <br>
:Upon termination of a {{pgmslaprov|Loan}}, whether pursuant to any of paragraph {{pgmslaprov|8.1}} to {{pgmslaprov|8.3}} or otherwise in accordance with this Agreement and the terms of the relevant {{pgmslaprov|Loan}}, Borrower shall procure the {{pgmslaprov|Delivery}} of {{pgmslaprov|Equivalent}} {{pgmslaprov|Securities}} to {{pgmslaprov|Lender}} or deliver {{pgmslaprov|Equivalent}} {{pgmslaprov|Securities}}, such {{pgmslaprov|Delivery}} to be effected in accordance with this Agreement and the terms of the relevant {{pgmslaprov|Loan}}. [[For the avoidance of doubt]] any reference in this Agreement or in any other agreement or communication between the Parties (howsoever expressed) to an obligation to deliver or account for or act in relation to {{pgmslaprov|Loaned Securities}} shall accordingly be construed as a reference to an obligation to deliver or account for or act in relation to {{pgmslaprov|Equivalent}} {{pgmslaprov|Securities}}. <br>