83,229
edits
Template:Nutshell GMSLA 9.1: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 2: | Line 2: | ||
:(a) continue the {{gmslaprov|Loan}}; or | :(a) continue the {{gmslaprov|Loan}}; or | ||
:(b) terminate the individual {{gmslaprov|Loan}} per para {{gmslaprov|11.2}} as if the {{gmslaprov|Borrower}} was subject to an {{gmslaprov|Event of Default}} but the {{gmslaprov|Loan}} were the only outstanding {{gmslaprov|Loan}}. | :(b) terminate the individual {{gmslaprov|Loan}} per para {{gmslaprov|11.2}} as if the {{gmslaprov|Borrower}} was subject to an {{gmslaprov|Event of Default}} but the {{gmslaprov|Loan}} were the only outstanding {{gmslaprov|Loan}}. | ||
Notwithstanding the above, such a failure | Notwithstanding the above, such a failure will '''not''' be an {{gmslaprov|Event of Default}}. <br> | ||