Default by the Lender. Where the Lender fails to return the collaterals by the due date according to the agreement, or is in violation of the representations or warranties, it shall be deemed to be in default. In the event of default by the Lender, the related securities lending and borrowing shall be deemed to be due, and the Borrower may complete the negotiated borrowing transaction by ______________ (the agreed manner), recover the deficiency in payment from the Lender, collect a default penalty equivalent to _______, and at the same time claim for damages.
Appears in 2 contracts
Sources: Contract of Negotiated Securities Borrowing Transaction, Contract of Negotiated Securities Borrowing Transaction