Template:Pledge GMSLA 2018 16: Difference between revisions
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{{pgmslaprov|16}} '''{{pgmslaprov| Termination of this Agreement}}''' <br> | {{pgmslaprov|16}} '''{{pgmslaprov| Termination of this Agreement}}''' <br> | ||
Each Party shall have the right to terminate the entry into of further {{gmslaprov|Loan}}s under this {{gmslaprov|Agreement}} by giving not less than 15 {{pgmslaprov|Business Day}}s’ notice in writing to the other {{gmslaprov|Party}} (which notice shall specify the date of termination) provided that the provisions of this {{gmslaprov|Agreement}}, the {{pgmslaprov|Security Agreement}} and the {{pgmslaprov|Control Agreement}} shall remain in [[full force and effect]] at all times with respect to all {{gmslaprov|Loan}}s [[Enter into|entered into]] [[at any time]] [[prior to]] such termination and each {{gmslaprov|Party}} will duly comply with and discharge all of its obligations under this {{gmslaprov|Agreement}}, the {{pgmslaprov|Security Agreement}} and the {{pgmslaprov|Control Agreement}} in relation to such {{gmslaprov|Loan}}s as if no such termination notice had been given. <br> | Each {{gmslaprov|Party}} [[shall have the right]] to terminate the [[entry into]] of further {{gmslaprov|Loan}}s under this {{gmslaprov|Agreement}} by giving not less than 15 {{pgmslaprov|Business Day}}s’ notice in writing to the other {{gmslaprov|Party}} (which notice [[shall]] specify the date of termination) provided that the provisions of this {{gmslaprov|Agreement}}, the {{pgmslaprov|Security Agreement}} and the {{pgmslaprov|Control Agreement}} shall remain in [[full force and effect]] at all times with respect to all {{gmslaprov|Loan}}s [[Enter into|entered into]] [[at any time]] [[prior to]] such termination and each {{gmslaprov|Party}} will duly comply with and discharge all of its obligations under this {{gmslaprov|Agreement}}, the {{pgmslaprov|Security Agreement}} and the {{pgmslaprov|Control Agreement}} in relation to such {{gmslaprov|Loan}}s as if no such termination notice had been given. <br> | ||
Latest revision as of 13:16, 21 January 2021
16 Termination of this Agreement
Each Party shall have the right to terminate the entry into of further Loans under this Agreement by giving not less than 15 Business Days’ notice in writing to the other Party (which notice shall specify the date of termination) provided that the provisions of this Agreement, the Security Agreement and the Control Agreement shall remain in full force and effect at all times with respect to all Loans entered into at any time prior to such termination and each Party will duly comply with and discharge all of its obligations under this Agreement, the Security Agreement and the Control Agreement in relation to such Loans as if no such termination notice had been given.