Failure by either Party to deliver - GMSLA Provision: Difference between revisions

no edit summary
No edit summary
No edit summary
 
(7 intermediate revisions by the same user not shown)
Line 1: Line 1:
{{gmslaanat|9.3}}
{{Manual|MSG|2010|9.3|Clause|9.2|short}}
{{gmsla9commentary}}
Note also the clear exclusion of indirect and [[consequential loss]]es, as well as losses to which the Transferee is contributorily negligent. If you are thinking I just made up the adjective "contributorily", and were about to conclude I'm maybe a bit ''[[reckless]]''<ref>I expect [[Mediocre lawyer|careful attorneys]] to be rolling around on the floor laughing at this ''bon mot''.</ref>* you might be interested to know it is actually a [https://en.wiktionary.org/wiki/contributorily word].
 
===Replacement costs and isda hedging language===
Does it make sense to replace this clause with some convoluted shtick about the costs of replacement transactions or otherwise hedging the innocent party’s exposure? To determine follow this flow chart:
 
[[File:GS Tree.png|frameless|470px|center|Not called the [[vampire squid]] for nothing, you know.]]
{{sa}}
*[[Goldman]]
*[[Chicken licken]]
{{ref}}