Deliveries of Income - Pledge GMSLA Provision: Difference between revisions

Deliveries of Income - Pledge GMSLA Provision (view source)

567 bytes removed , 3 July 2020

Replaced content with "{{Manual|MSGP|2018|4.3|Clause|4.3|short}}"

82,853

edits

@@ Line 1: / Line 1: @@
-{{pgmslaanat|4.3}}
+{{Manual|MSGP|2018|4.3|Clause|4.3|short}}
-Rather like the equivalent provision (para {{gmslaprov|4.4}}) in the {{gmsla}}, only no reference to {{gmslaprov|Collateral}}, seeing as the {{gmslaprov|Lender}} doesn’t ever get title to the {{gmslaprov|Collateral}}, so all the {{gmslaprov|Income}} automatically vests in the {{gmslaprov|Borrower}} anyway without any of this need for customary and appropriate endorsements (and certainly no risk that the {{gmslaprov|Lender}} has disposed of the {{gmslaprov|Collateral}}, which it doesn’t own in the first place.
-{{sa}}
-*The equivalent paragraph {{gmslaprov|4.4}} in the {{gmsla}}.