Non Cash Collateral - GMSLA Provision: Difference between revisions

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{{gmslaanat|Non Cash Collateral}}
{{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.”
“It means, sirs, collateral that isn't cash.”


Well, you don’t say.
Well, you don’t say.

Latest revision as of 15:07, 3 May 2019

GMSLA Anatomy™


In a Nutshell™ Clause Non Cash Collateral:

Non Cash Collateral means Collateral that isn't cash;
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2010 GMSLA full text of Clause Non Cash Collateral:

Non Cash Collateral means Collateral other than Cash Collateral;
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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, snails in gingerbeer, constructive estoppel and laches?

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 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.

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