Insolvency - GMSLA Provision: Difference between revisions
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
{{fullanat|gmsla|10|2010}} | {{fullanat|gmsla|10.1(d)|2010}} | ||
{{nuts|GMSLA|10.1(d)}} | {{nuts|GMSLA|10.1(d)}} |
Revision as of 16:14, 24 October 2017
GMSLA Anatomy™
|
10.1(d) in a Nutshell™ (GMSLA edition)
10.1(d) Act of Insolvency: An Act of Insolvency occurring to Lender or Borrower. If Automatic Early Termination applies, if anyone presents a winding up petition or appoints a liquidator, it will be an Automatic Early Termination and the Non Defaulting Party need not serve written notice.