Non Cash Collateral - GMSLA Provision: Difference between revisions

Non Cash Collateral - GMSLA Provision (view source)

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 {{gmslaanat|Non Cash Collateral}}
-Definitions like this can give you those moments that genuinely makes you proud to be a [[lawyer]]. You know, all that slogging through [[offer]], [[acceptance]] and [[consideration]], [[Donoghue v Stevenson - Case Note|snails in gingerbeer]], [[constructive]] [[estoppel]] and [[laches]]?
+Definitions like this can give you those moments that make you genuinely proud to be a [[lawyer]]. You know, all that slogging through [[offer]], [[acceptance]] and [[consideration]], [[Donoghue v Stevenson - Case Note|snails in gingerbeer]], [[constructive]] [[estoppel]] and [[laches]]?
-All that was preparation for the revelation — now, when there is so much money down you have to keep investing — that the finest minds in your profession can get together and think it is necessary and valuable to define the expression “non-cash collateral”.
+All that was preparation for the revelation, made flesh on the page before you — now, when there is so much well-earned money down you have to keep paying— that the [[drafting committee|finest minds in your profession]] can assemble and think it is necessary and valuable to define the expression “non-cash collateral”.
 “It means, sirs, collateral that isn't cash.”
 Well, you don’t say.