Talk:Insolvency - GMSLA Provision: Difference between revisions

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2018

10.1(d) an Act of Insolvency occurring with respect to Lender or Borrower;

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	10.1(d) an Act of Insolvency occurring with respect to Lender or Borrower, provided that, where the Parties have specified in paragraph 5 of the Schedule that Automatic Early Termination shall apply, an Act of Insolvency which is the presentation of a petition for winding up or any analogous proceeding or the appointment of a liquidator or analogous officer of the Defaulting Party shall not require the Non Defaulting Party to serve written notice on the Defaulting Party (Automatic Early Termination);		10.1(d) an Act of Insolvency occurring with respect to Lender or Borrower;