Template:Gmsla Termination comp: Difference between revisions
Amwelladmin (talk | contribs) Created page with "First, curiously, the {{pgmsla}} inserts the right to terminate ''the entry into of further {{pgmslaprov|Loan}}s under'' this Agreement — a genuine “WTF” moment there, since there is no obligation to enter into any Loan at any time that you don’t want to anyway — and the second is to add a chicken-lickenish statement of the bleeding obvious that if one terminates the Agreement that doesn’t whip away the rug from under your carefully constructed the securi..." |
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====Pledge GMSLA==== | |||
First, curiously, the {{pgmsla}} inserts the right to terminate ''the entry into of further {{pgmslaprov|Loan}}s under'' this Agreement — a genuine “WTF” moment there, since there is no obligation to enter into any Loan at any time that you don’t want to anyway — and the second is to add a [[chicken-licken]]ish statement of the bleeding obvious that if one terminates the Agreement that doesn’t whip away the rug from under your carefully constructed the security arrangements — at least not until you’ve sorted out the outstanding {{gmslaprov|Loan}}s and returned whatever you have borrowed. | First, curiously, the {{pgmsla}} inserts the right to terminate ''the entry into of further {{pgmslaprov|Loan}}s under'' this Agreement — a genuine “WTF” moment there, since there is no obligation to enter into any Loan at any time that you don’t want to anyway — and the second is to add a [[chicken-licken]]ish statement of the bleeding obvious that if one terminates the Agreement that doesn’t whip away the rug from under your carefully constructed the security arrangements — at least not until you’ve sorted out the outstanding {{gmslaprov|Loan}}s and returned whatever you have borrowed. | ||
====ISDA==== | |||
By way of ''further'' comparison, the {{isdama}} doesn’t have a general termination right of this sort ''at all''. You can ''only'' terminate {{isdaprov|Transactions}}, not the master agreement construct which sits around them itself. It is an immortal husk. | |||
Latest revision as of 09:51, 20 September 2024
Pledge GMSLA
First, curiously, the 2018 Pledge GMSLA inserts the right to terminate the entry into of further Loans under this Agreement — a genuine “WTF” moment there, since there is no obligation to enter into any Loan at any time that you don’t want to anyway — and the second is to add a chicken-lickenish statement of the bleeding obvious that if one terminates the Agreement that doesn’t whip away the rug from under your carefully constructed the security arrangements — at least not until you’ve sorted out the outstanding Loans and returned whatever you have borrowed.
ISDA
By way of further comparison, the ISDA Master Agreement doesn’t have a general termination right of this sort at all. You can only terminate Transactions, not the master agreement construct which sits around them itself. It is an immortal husk.