Termination of the Loan. 3.1 Borrower may terminate a Loan on any Business Day by giving notice to Lender and UBS and transferring the Loaned Securities to UBS before the close of business of Borrower on such Business Day. 3.2 UBS, as agent for Lender, may terminate a Loan on a termination date established by notice given to Borrower prior to the close of business on a Business Day. The termination date established by a termination notice given by UBS to Borrower shall be a date no earlier than the standard settlement date for trades of the Loaned Securities entered into on the date of such notice, which date shall, unless Borrower, Lender and UBS agree to the contrary, be the third Business Day following such notice.
Appears in 4 contracts
Samples: Supplemental Securities Loan Agreement (General Electric Capital Corp), Supplemental Securities Loan Agreement (General Electric Capital Corp), Supplemental Securities Loan Agreement (General Electric Capital Corp)
