Template:Pledge GMSLA 2018 10: Difference between revisions

Template:Pledge GMSLA 2018 10 (view source)

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 :{{pgmslaprov|10.1(g)}}	all or any material part of the assets of {{pgmslaprov|Lender}} or {{pgmslaprov|Borrower}} being transferred or ordered to be transferred to a trustee (or a person exercising similar functions) by a regulatory authority pursuant to any legislation;
 :{{pgmslaprov|10.1(h)}}	{{pgmslaprov|Lender}} (if applicable) or {{pgmslaprov|Borrower}} being declared in default or being suspended or expelled from membership of or participation in, any {{pgmslaprov|Securities}} exchange or suspended or prohibited from dealing in {{pgmslaprov|Securities}} by any regulatory authority, in each case on the grounds that it has failed to meet any requirements relating to financial resources or credit rating;
-:{{pgmslaprov|10.1(i)}}	{{pgmslaprov|Lender}} or {{pgmslaprov|Borrower}} failing to perform any other of its obligations under this Agreement and not remedying such failure within 30 days after the Non-
+:{{pgmslaprov|10.1(i)}} {{pgmslaprov|Lender}} or {{pgmslaprov|Borrower}} failing to perform any other of its obligations under this Agreement and not remedying such failure within 30 days after the {{pgmslaprov|Non-Defaulting Party}} serves written notice requiring it to remedy such failure; or
-:{{pgmslaprov|10.1(j)}}	{{pgmslaprov|Defaulting Party}} serves written notice requiring it to remedy such failure; or
+:{{pgmslaprov|10.1(j)}} in relation to the {{pgmslaprov|Security Agreement}}, (i) {{pgmslaprov|Borrower}} failing to perform any of its obligations under the {{pgmslaprov|Security Agreement}}, (ii) the expiration or termination of the {{pgmslaprov|Security Agreement}}, (iii) any security interest granted by {{pgmslaprov|Borrower}} therein, ceasing to be or otherwise not being in full force and effect or (iv) {{pgmslaprov|Borrower}} disaffirming, disclaiming, repudiating or rejecting, in whole or in part, or challenging the validity of, such {{pgmslaprov|Security Agreement}} (or such action is taken by any person or entity appointed or empowered to operate it or act on its behalf), provided that in each such case, the {{pgmslaprov|Defaulting Party}} shall be deemed to be {{pgmslaprov|Borrower}}.
-:{{pgmslaprov|10.1(k)}}	in relation to the {{pgmslaprov|Security Agreement}}, (i) {{pgmslaprov|Borrower}} failing to perform any of its obligations under the {{pgmslaprov|Security Agreement}}, (ii) the expiration or termination of the {{pgmslaprov|Security Agreement}}, (iii) any security interest granted by {{pgmslaprov|Borrower}} therein, ceasing to be or otherwise not being in full force and effect or (iv) {{pgmslaprov|Borrower}} disaffirming, disclaiming, repudiating or rejecting, in whole or in part, or challenging the validity of, such {{pgmslaprov|Security Agreement}} (or such action is taken by any person or entity appointed or empowered to operate it or act on its behalf), provided that in each such case, the {{pgmslaprov|Defaulting Party}} shall be deemed to be {{pgmslaprov|Borrower}}.
 {{pgmslaprov|10.2}} Each Party shall notify the other (in writing) if an {{pgmslaprov|Event of Default}} or an event which, with the passage of time and/or upon the serving of a written notice as referred to above, would be an {{pgmslaprov|Event of Default}}, occurs in relation to it.
 {{pgmslaprov|10.3}} Subject to paragraphs {{pgmslaprov|9}} and {{pgmslaprov|11}}, neither {{pgmslaprov|Party}} may claim any sum by way of [[consequential loss]] or damage [[in the event of]] failure by the other {{pgmslaprov|Party}} to perform any of its obligations under this {{pgmslaprov|Agreement}}. <br>