Common use of Lender’s failure to Redeliver Equivalent Collateral Clause in Contracts

Lender’s failure to Redeliver Equivalent Collateral. (i) If Lender does not redeliver Equivalent Collateral in accordance with paragraph 8.4 or 8.5, Borrower may either by written notice to Lender terminate the Loan forthwith and the Parties’ delivery and payment obligations in respect thereof (in which case sub-paragraph (ii) below shall apply) or serve a notice of an Event of Default in accordance with paragraph 14.

Lender’s failure to Redeliver Equivalent Collateral. (i) If Lender does not redeliver Equivalent Collateral in accordance with paragraph 8.4 or 8.5herewith, Borrower may either by written notice to Lender terminate the Loan forthwith and the Parties’ ' delivery and payment obligations in respect thereof (in which case sub-paragraph (ii) below shall apply) or serve a notice of an Event of Default in accordance with paragraph 14.

Lender’s failure to Redeliver Equivalent Collateral. (i) If Lender does not redeliver Equivalent Collateral in accordance with paragraph 8.4 or 8.5, Borrower may either by written notice to Lender terminate the Loan forthwith and the Parties’ ' delivery and payment obligations in respect thereof (in which case sub-paragraph (ii) below shall apply) or serve a notice of an Event of Default in accordance with paragraph 14.

Lender’s failure to Redeliver Equivalent Collateral. (iiii) If Lender does not redeliver Equivalent Collateral in accordance with paragraph 8.4 or 8.5, Borrower may either by written notice to Lender terminate the Loan forthwith and the Parties’ delivery and payment obligations in respect thereof (in which case sub-paragraph (ii) below shall apply) or serve a notice of an Event of Default in accordance with paragraph 14.