> For the complete documentation index, see [llms.txt](https://docs.gage.cash/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.gage.cash/lend/if-the-borrower-walks.md).

# If the borrower walks away

A borrower who does not reclaim by the end of the grace window has walked away. The collateral is yours.

## The claim

Once `expiry + grace` has passed, the deal page reads `GRACE ENDED · 9 SEP 16:40 UTC` and the Claim button is live. Claiming credits the collateral to your balance; withdraw it from there.

| Line       | Example                                                   |
| ---------- | --------------------------------------------------------- |
| You paid   | 1,814.88 USDG                                             |
| You hold   | 12.5 NVDA · 2,296.00 USDG now · bought at 145.92 · −20.0% |
| Receive as | NVDA, or swapped to USDG or ETH                           |

The effective purchase price is the asking price divided by the amount. It was fixed when you funded. What the collateral is worth when you claim is whatever the market says then.

## The borrower can still reclaim until you claim

Between the end of grace and your claim, the borrower may still pay the cap and reclaim. Once your claim executes, they cannot. The two can never both succeed for the same deal.

## Positions

If the collateral is a Uniswap v4 position, you claim the NFT with its liquidity and any fees it accrued during the deal. You can then collect, remove, or keep it.

## Paused tokens

If a Stock Token is paused around a corporate action, the claim still executes and the entitlement is recorded. The withdrawal to your wallet waits until the token resumes.

## Rewards

Rewards for the deal are yours either way. They keep dripping to the end of the term regardless of the outcome.


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