Non Cash Collateral - GMSLA Provision: Difference between revisions

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{{gmslaanat|Non Cash Collateral}}
{{gmslaanat|Non Cash Collateral}}
Definitions like this can give you those moments that genuinely makes you proud to be a lawyer. You know, all that slogging through [[offer]], [[acceptance]] and [[consideration]], [[Donoghue v Stevenson - Case Note|snails in gingerbeer]], [[constructive]] [[estoppel]] and [[laches]]?
Definitions like this can give you those moments that genuinely makes you proud to be a [[lawyer]]. You know, all that slogging through [[offer]], [[acceptance]] and [[consideration]], [[Donoghue v Stevenson - Case Note|snails in gingerbeer]], [[constructive]] [[estoppel]] and [[laches]]?


All that was preparation for the revelation — now, when there is so much money down you have to keep investing — that the finest minds in your profession can get together and think it is necessary and valuable to define the expression “non-cash collateral”.
All that was preparation for the revelation — now, when there is so much money down you have to keep investing — that the finest minds in your profession can get together and think it is necessary and valuable to define the expression “non-cash collateral”.


It means, sirs, collateral that isn't cash.
“It means, sirs, collateral that isn't cash.”


Well you don't say.
Well, you don’t say.

Revision as of 16:32, 2 May 2019

GMSLA Anatomy™


In a Nutshell™ Clause Non Cash Collateral:

Non Cash Collateral means Collateral that isn't cash;
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2010 GMSLA full text of Clause Non Cash Collateral:

Non Cash Collateral means Collateral other than Cash Collateral;
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Definitions like this can give you those moments that genuinely makes you proud to be a lawyer. You know, all that slogging through offer, acceptance and consideration, snails in gingerbeer, constructive estoppel and laches?

All that was preparation for the revelation — now, when there is so much money down you have to keep investing — that the finest minds in your profession can get together and think it is necessary and valuable to define the expression “non-cash collateral”.

“It means, sirs, collateral that isn't cash.”

Well, you don’t say.

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