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| {{gmslaanat|14}}{{gmsla2000anat|14}}An interesting fact — “interesting” being a relative concept, and in this case we are comparing levels of interest with the fact that “[[and, as the case may be, or]]” appears 33 times in the text of the [[Alternative Investment Fund Management Directive]] — is that a breach of the last of these {{gmslaprov|Borrower’s Warranties}}, {{gmslaprov|14(e)}}, namely that the {{gmslaprov|Borrower}}’s primary purpose is not to exercise voting rights under {{gmslaprov|Loaned Securities}}, is not an {{gmslaprov|Event of Default}}, whereas the breach of the other {{gmslaprov|Borrower’s Warranties}} will be. | | {{Manual|MSG|2010|14|Clause|14|short}} |
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| Our best guess is that because this is a silly [[warranty]] in the first place, and it is nigh-on impossible to prove that it was false, unless the {{gmslaprov|Borrower}} is stupid enough to admit it. A representation or warranty as to what one intends to do — what possible use is that?
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| :''We’d free the incarcerate race of man
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| :''That such a doom endures
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| :''Could only you unlock my skull
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| :''Or I creep into yours
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| ::—Ogden Nash
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| {{sa}}
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| *[[Warranty]] and [[representation]], for some chat about the difference betwixt
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| *[[Representations and Warranties Anatomy]]
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