Severance - GMSLA Provision

Commentary

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18 in a Nutshell™ _{(GMSLA edition)}

18. Severance

If any part of the Agreement is declared unenforceable, the Parties will ignore it and carry on with the rest of the Agreement. Later, the Parties will amend the agreement as best they can to give effect to what they intended by the unenforceable part, only in away that is enforceable.

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See Also

update to anat|gmsla

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Index: Click ᐅ to expand:

GMSLA

Pledge GMSLA

OSLA

2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code | GMSLA Netting
Pledge GMSLA: Hard copy (ISLA) · Full wikitext · Nutshell wikitext |
1995 OSLA: OSLA wikitext | OSLA in a nutshell | GMSLA/PGMSLA/OSLA clause comparison table
From Our Friends On The Internet: Guide to equity finance | ISLA’s guide to securities lending for regulators and policy makers