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Luxembourg law pledge: Difference between revisions
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''And'' that’s about it: rather like going to a Christening. the main event is now over, and you now have to sit in the church for three quarters of an hour croaking hymns, listening to the choir warble through some psalms, the vicar grumble through the same tedious sermon he’s been doling out for thirty years etc. So strap yourselves in. | ''And'' that’s about it: rather like going to a Christening. the main event is now over, and you now have to sit in the church for three quarters of an hour croaking hymns, listening to the choir warble through some psalms, the vicar grumble through the same tedious sermon he’s been doling out for thirty years etc. So strap yourselves in. | ||
====[[Reps and warranties]]=== | ====[[Reps and warranties]]==== | ||
What self-respecting legal contract would be complete without [[representations and warranties]]? | What self-respecting legal contract would be complete without [[representations and warranties]]? | ||
====Enforcement==== | ====Enforcement==== | ||
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*Set them off against secured obligations | *Set them off against secured obligations | ||
====Boilerplate==== | ====Boilerplate==== | ||
Expect pages and pages of guff: [[continuing security]], cumulative with other security interests, not prejudiced by delay, waiver or indulgence, amendment, or any other act that might act to prejudice the security otherwise. the [[pledgor]] will have to waive its rights under the [[Luxembourg Civil Code]], and also hold the pledgee harmless unless it has been [[Negligence, fraud or | Expect pages and pages of guff: [[continuing security]], cumulative with other security interests, not prejudiced by delay, waiver or indulgence, amendment, or any other act that might act to prejudice the security otherwise. the [[pledgor]] will have to waive its rights under the [[Luxembourg Civil Code]], and also hold the pledgee harmless unless it has been [[Negligence, fraud or wilful default|negligent, fraudulent or wilfully naughty]]. | ||
then: Costs, notices, amendments, severability, succession, governing law. | then: Costs, notices, amendments, severability, succession, governing law. | ||