Template:M summ Pledge GMSLA 10: Difference between revisions

:''The {{pgmslaprov|Events of Default}} listed in Paragraphs {{pgmslaprov|10.1}}(a), (b) and (c) will only become {{pgmslaprov|Events of Default}} 2 hours after the time at which {{gmslaprov|Lender}} gives {{gmslaprov|Borrower}} written notice of the event in question. If {{gmslaprov|Borrower}} cures the relevant default in full before that 2 hour period has expired, there will be no {{gmslaprov|Event of Default}} with respect to that event. If the 2 hour period has expired without any such cure, the {{gmslaprov|Event of Default}} will occur immediately without the need for further notice from the {{pgmslaprov|Lender}}.''