Loans of Securities - OSLA Provision: Difference between revisions

Loans of Securities - OSLA Provision (view source)

575 bytes removed , 8 January 2022

Replaced content with "{{Manual|MSO|1995|2|Clause|2|short}}"

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-{{Manual|MSO|1995|2|Clause|2|medium}}
+{{Manual|MSO|1995|2|Clause|2|short}}
-Pity the poor trees that died to carry this meaningless piece of information. The parties can agree to enter Loans, and then agree to adjust the total value of a Loan before the {{oslaprov|Settlement Date}}. Gee, whizz.
-It almost seems sensible in its original legalese — if you are in a rush — though, as with all such meandering circularities, an experienced draftsperson will sense instinctively that something is amiss — but in the nutshell version pulls down its knickers and exposes to the whole world just how pointless it is.
-{{sa}}
-*[[Agreement to agree]]