Template:M summ GMSLA 17: Difference between revisions
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[[17 - GMSLA Provision|Interestingly]] ICMA’s {{cds}} elected not to use the expression “[[single agreement]]”, so beloved of {{icds}} and the [[ISDA ninja|ninjas]] of the [[eye-ess-dee-aye]] that is has more or less become a term of art. | |||
Why so? We may never know. But the point is purely to defeat the mendacious designs of insolvency administrators in far flung locales who may take it into their heads to pick apart valuable Loan exposures in their estate’s favour. That is to say — is that the [[dramatic look gopher]] I hear? — to be a [[cherry-picker]]. | Why so? We may never know. But the point is purely to defeat the mendacious designs of insolvency administrators in far flung locales who may take it into their heads to pick apart valuable Loan exposures in their estate’s favour. That is to say — is that the [[dramatic look gopher]] I hear? — to be a [[cherry-picker]]. | ||
Revision as of 14:38, 21 January 2021
Interestingly ICMA’s crack drafting squad™ elected not to use the expression “single agreement”, so beloved of ISDA’s crack drafting squad™ and the ninjas of the eye-ess-dee-aye that is has more or less become a term of art.
Why so? We may never know. But the point is purely to defeat the mendacious designs of insolvency administrators in far flung locales who may take it into their heads to pick apart valuable Loan exposures in their estate’s favour. That is to say — is that the dramatic look gopher I hear? — to be a cherry-picker.