Prior notice: Difference between revisions
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[[Chicken licken]] can have fun with this one. A | {{a|plainenglish|}}[[Chicken licken]]s can have fun with this one. A “prior” notice must be given ''before'' the event in question, right? | ||
But what if the notice is given ''afterward'', but is ''expressed to have retrospective effect''? You may wish to strike someone who asks such a stupid question, for such a person is indeed worthy of a walloping, but it does happen. Spotted, negotiated into a [[prime brokerage]] document — no doubt granted at length by an exasperated [[negotiator]] who was ultimately not prepared to [[die in a ditch]] about it: | |||
:“[[Unless otherwise agreed]], we, [[acting in good faith]], may change the terms [[applicable]] to any loan by giving you [[prior written notice]] (where [[reasonably]] [[practicable]] to you ('''''such notice not to have retrospective effect''''').” | :“[[Unless otherwise agreed]], we, [[acting in good faith]], may change the terms [[applicable]] to any loan by giving you [[prior written notice]] (where [[reasonably]] [[practicable]] to you ('''''such notice not to have retrospective effect''''').” | ||
Shoot me. I mean, just shoot me. | Shoot me. I mean, just shoot me. | ||
{{sa}} | |||
{{ | *[[Ditch tolerance]] | ||
Latest revision as of 20:08, 8 March 2021
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Towards more picturesque speech™
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Chicken lickens can have fun with this one. A “prior” notice must be given before the event in question, right?
But what if the notice is given afterward, but is expressed to have retrospective effect? You may wish to strike someone who asks such a stupid question, for such a person is indeed worthy of a walloping, but it does happen. Spotted, negotiated into a prime brokerage document — no doubt granted at length by an exasperated negotiator who was ultimately not prepared to die in a ditch about it:
- “Unless otherwise agreed, we, acting in good faith, may change the terms applicable to any loan by giving you prior written notice (where reasonably practicable to you (such notice not to have retrospective effect).”
Shoot me. I mean, just shoot me.