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Template:M summ Pledge GMSLA 10: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "Now there's a subtle point to look out for here about control over assets. If, as you are likely to have under a {{pgmsla}}, you have ''pledged'' your assets to an escro...") |
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:''The {{pgmslaprov|Events of Default}} listed in Paragraphs {{pgmslaprov|10.1(a) | :''The {{pgmslaprov|Events of Default}} listed in Paragraphs {{pgmslaprov|10.1}}(a), (b) and (c) will only become {{pgmslaprov|Events of Default}} 2 hours after the time at which {{gmslaprov|Lender}} gives {{gmslaprov|Borrower}} written notice of the event in question. If {{gmslaprov|Borrower}} cures the relevant default in full before that 2 hour period has expired, there will be no {{gmslaprov|Event of Default}} with respect to that event. If the 2 hour period has expired without any such cure, the {{gmslaprov|Event of Default}} will occur immediately without the need for further notice from the {{pgmslaprov|Lender}}.'' | ||