Template:M comp disc GMSLA 3: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "The {{pgmsla}} introduces some rather uncontroversial conditions precedent, since there is no a title transfer of collatertal and the Lender really is taking on the {{..." |
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The {{pgmsla}} introduces some rather uncontroversial [[conditions precedent]], since there is no a [[title transfer]] of collatertal and the Lender really is taking on the {{pgmslaprov|Borrower}}’s [[credit exposure]] (albeit [[Secured loan|secured]]) on the {{pgmslaprov|Collateral}} that it would be delivered in a {{gmsla}}). | The {{pgmsla}} introduces some rather uncontroversial [[conditions precedent]], since there is no a [[title transfer]] of collatertal and the Lender really is taking on the {{pgmslaprov|Borrower}}’s [[credit exposure]] (albeit [[Secured loan|secured]]) on the {{pgmslaprov|Collateral}} that it would be delivered in a {{gmsla}}). | ||
That the {{pgmslaprov|Borrower}} is not suffering an actual or [[Potential event of default|potential]] {{pgmslaprov|Event of Default}}, and that it has actually delivered {{pgmslaprov|Collateral}} to the tri-party agent. | That the {{pgmslaprov|Borrower}} is not suffering an actual or [[Potential event of default|potential]] {{pgmslaprov|Event of Default}}, and that it has actually delivered {{pgmslaprov|Collateral}} to the [[tri-party agent]]. | ||
Latest revision as of 16:03, 3 July 2020
The 2018 Pledge GMSLA introduces some rather uncontroversial conditions precedent, since there is no a title transfer of collatertal and the Lender really is taking on the Borrower’s credit exposure (albeit secured) on the Collateral that it would be delivered in a 2010 GMSLA).
That the Borrower is not suffering an actual or potential Event of Default, and that it has actually delivered Collateral to the tri-party agent.