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Template:Pledge GMSLA 2018 9.1: Difference between revisions
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{{pgmslaprov|9.1}} '''{{pgmslaprov|Borrower’s failure to deliver Equivalent Securities}}''' | {{pgmslaprov|9.1}} '''{{pgmslaprov|Borrower’s failure to deliver Equivalent Securities}}''': If {{pgmslaprov|Borrower}} fails to [[deliver]] {{pgmslaprov|Equivalent Securities}} in accordance with paragraph {{pgmslaprov|8.1}} to {{pgmslaprov|8.3}} {{pgmslaprov|Lender}} may: | ||
If {{pgmslaprov|Borrower}} fails to [[deliver]] {{pgmslaprov|Equivalent Securities}} in accordance with paragraph {{pgmslaprov|8.1}} to {{pgmslaprov|8.3}} {{pgmslaprov|Lender}} may: | |||
:(a) elect to continue the {{pgmslaprov|Loan}} (which, [[for the avoidance of doubt]], shall continue to be taken into account for the purposes of paragraph {{pgmslaprov|5.3}}); or | :(a) elect to continue the {{pgmslaprov|Loan}} (which, [[for the avoidance of doubt]], shall continue to be taken into account for the purposes of paragraph {{pgmslaprov|5.3}}); or | ||
:(b) at any time while such failure continues, by written notice to {{pgmslaprov|Borrower}} declare that that {{pgmslaprov|Loan}} (but only that {{pgmslaprov|Loan}}) shall be terminated immediately in accordance with paragraph {{pgmslaprov|11.2}} as if | :(b) at any time while such failure continues, by written notice to {{pgmslaprov|Borrower}} declare that that {{pgmslaprov|Loan}} (but only that {{pgmslaprov|Loan}}) shall be terminated immediately in accordance with paragraph {{pgmslaprov|11.2}} as if | ||