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Loans of Securities - OSLA Provision: Difference between revisions
Loans of Securities - OSLA Provision (view source)
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Pity the poor trees that died to carry this meaningless piece of information. The parties can agree to enter Loans, and then agree to adjust the total value of a Loan before the {{oslaprov|Settlement Date}}. Gee, whizz. | |||
It almost seems sensible in its original legalese — if you are in a rush — though, as with all such meandering circularities, an experienced draftsperson will sense instinctively that something is amiss — but in the nutshell version pulls down its knickers and exposes to the whole world just how pointless it is. | |||
{{sa}} | |||
*[[Agreement to agree]] | |||