With respect to: Difference between revisions

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:''{{GMSLA 2010 Income}}''
:''{{GMSLA 2010 Income}}''
Here, the drafting should say " [[interest]], [[dividend]]s or other distributions ''of any kind whatsoever''<ref>Actually, in the [[JC]]'s view this is also unintentially wide and really ought to be “...or other ''similar'' distributions”. See {{gmslaprov|Income}} for more [[tedious]] discussion on this fascinating topic.</ref> paid '''[[under]]''' the {{gmslaprov|Securities}} or {{gmslaprov|Collateral}}.
Here, the drafting should say "...distributions of any kind whatsoever<ref>Actually, in the [[JC]]'s view this is also unintentially wide and really ought to be “...or other ''similar'' distributions”. See {{gmslaprov|Income}} for more [[tedious]] discussion on this fascinating topic.</ref> paid '''[[under]]''' the {{gmslaprov|Securities}} or {{gmslaprov|Collateral}}.


Distributions paid with respect to the {{gmslaprov|Securities}} could include amounts paid by unreleted third parties that reference the {{gmslaprov|Securities}}: you know, like [[derivative]] payments. Payments that could be levered, or modified, but none theless paid by reference to the shares themselves. So that would be bad.
Distributions paid ''[[with respect to]]'' the {{gmslaprov|Securities}} could include amounts paid by unreleted third parties that reference the {{gmslaprov|Securities}}: you know, like [[derivative]] payments. Payments on [[Credit Event - Credit Derivative Provision|Credit Event]]s, where the underlier has blown up. Payments that could be [[Leverage|levered]], or modified, but none theless paid by reference to the shares themselves. So that would be bad. Borrowers of stock loans have no intention to manufacture these kinds of payments.
{{sa}}
{{sa}}
*[[Governing law]]
*[[Governing law]]