Template:GMSLA 2010 Agency Annex 1.1

From The Jolly Contrarian
Revision as of 12:58, 10 October 2017 by Amwelladmin (talk | contribs)
Jump to navigation Jump to search

Agency Annex 1.1 Power for Lender to enter into Loans as agent
Subject to the following provisions of this paragraph, Lender may enter into Loans as agent (in such capacity, the Agent) for a third person (a Principal), whether as custodian or investment manager or otherwise (a Loan so entered into being referred to in this paragraph as an Agency Loan).
If the Lender has indicated in paragraph Schedule 8 of the Schedule that it may act as Agent, it must identify each Loan in respect of which it acts as Agent as an Agency Loan at the time it is entered into. If the Lender has indicated in paragraph Schedule 8 of the Schedule that it will always act as Agent, it need not identify each Loan as an Agency Loan.

Retrieved from "https://jollycontrarian.com/index.php?title=Template:GMSLA_2010_Agency_Annex_1.1&oldid=19821"