Template:M comp disc Pledge GMSLA 15

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 2018 Pledge GMSLA, which falls back to — dramatic look gopher — LIBOR, and means that 2018 Pledge GMSLA isn’t, after all, restricted only to professional fees. This is absolutely dreadful drafting from ISLA’s crack drafting squad™.