Template:Gmsla summ 15: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "Clause {{gmslaprov|15}} of the {{gmsla}} is identical to Clause {{pgmslaprov|15}} of the {{pgmsla}}. Note the sneaky reference to the default interest rate drafting in {{{{{1}..." |
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Clause {{gmslaprov|15}} of the {{gmsla}} is identical to Clause {{pgmslaprov|15}} of the {{pgmsla}}. Note the sneaky reference to the default interest rate drafting in {{{{{1}}}|11.7}}, which means that {{{{{1}}}|11.7}} isn’t, after all, restricted only to professional fees. This is absolutely ''dreadful'' drafting from {{islacds}}. | Clause {{gmslaprov|15}} of the {{gmsla}} is identical to Clause {{pgmslaprov|15}} of the {{pgmsla}}. Note the sneaky reference to the default [[interest rate]] drafting in Clause {{{{{1}}}|11.7}}, which falls back to — dramatic look gopher — [[LIBOR]], and means that {{{{{1}}}|11.7}} isn’t, after all, restricted only to professional fees. This is absolutely ''dreadful'' drafting from {{islacds}}. | ||
Latest revision as of 11:53, 26 April 2021
Clause 15 of the 2010 GMSLA is identical to Clause 15 of the 2018 Pledge GMSLA. Note the sneaky reference to the default interest rate drafting in Clause {{{{{1}}}|11.7}}, which falls back to — dramatic look gopher — LIBOR, and means that {{{{{1}}}|11.7}} isn’t, after all, restricted only to professional fees. This is absolutely dreadful drafting from ISLA’s crack drafting squad™.