Template:OSLA 1995 12: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "{{oslaprov|12}}. {{oslaprov|Events of Default}}<br> Each of the following events occurring in relation to either {{oslaprov|Party}} (the "{{oslaprov|Defaulting Party}}", the o..." |
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{{oslaprov|12}}. {{oslaprov|Events of Default}}<br> | {{oslaprov|12}}. '''{{oslaprov|Events of Default}}'''<br> | ||
Each of the following events occurring in relation to either {{oslaprov|Party}} (the "{{oslaprov|Defaulting Party}}", the other {{oslaprov|Party}} being the "{{oslaprov|Non-Defaulting Party}}") shall be an {{oslaprov|Event of Default}} for the purpose of Clause {{oslaprov|8}}:-<br> | Each of the following events occurring in relation to either {{oslaprov|Party}} (the "{{oslaprov|Defaulting Party}}", the other {{oslaprov|Party}} being the "{{oslaprov|Non-Defaulting Party}}") shall be an {{oslaprov|Event of Default}} for the purpose of Clause {{oslaprov|8}}:-<br> | ||
:{{oslaprov|12(A)}}the {{oslaprov|Borrower}} or {{oslaprov|Lender}} failing to pay or repay {{oslaprov|Cash Collateral}} or deliver or redeliver {{oslaprov|Collateral}} or {{oslaprov|Equivalent Collateral}} upon the due date, and the {{oslaprov|Non-Defaulting Party}} serves written notice on the {{oslaprov|Defaulting Party}}; <br> | :{{oslaprov|12(A)}}the {{oslaprov|Borrower}} or {{oslaprov|Lender}} failing to pay or repay {{oslaprov|Cash Collateral}} or deliver or redeliver {{oslaprov|Collateral}} or {{oslaprov|Equivalent Collateral}} upon the due date, and the {{oslaprov|Non-Defaulting Party}} serves written notice on the {{oslaprov|Defaulting Party}}; <br> |