From The Jolly Contrarian
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| {{course of dealings capsule}}
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| In any weather, it adds nothing but heft to this clause. This is a standard termination on notice clause for the {{osla}} itself, but doesn’t cut across the terms — and in particular, any stipulated ''[[term]]'' for any loan, which will be set out in a {{oslaprov|Borrowing Request}}<ref>Curiously, the [[OSLA]] doesn’t define a “{{oslaprov|loan}}” as such, but rather refers to the terms, accepted by the {{oslaprov|Lender}}, of a {{oslaprov|Borrowing Request}}. This is [[The farmer and the sheep|counting-sheep-legs-and-dividing-by-four]] behaviour, [[calculated]] to discombobulate non-specialists and keep them away.</ref> They made a much better fist of it in the [[GMSLA]].
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| So before you can use this clause, you must validly terminate each loan under the terms of its {{oslaprov|Borrowing Request}}.
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Latest revision as of 09:53, 20 September 2024