83,229
edits
Template:Nutshell Pledge GMSLA 17: Difference between revisions
Jump to navigation
Jump to search
Template:Nutshell Pledge GMSLA 17 (view source)
Revision as of 14:41, 21 January 2021
, 21 January 2021no edit summary
Amwelladmin (talk | contribs) (Created page with "{{Nutshell GMSLA 17}}") |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{ | {{gmslaprov|17}} '''{{gmslaprov|Single Agreement}}'''<br> | ||
The parties enter into this {{gmslaprov|Agreement}} and each {{gmslaprov|Loan}} on the assumption that {{gmslaprov|Loan}}s constitute a single business and contractual relationship and are made in consideration of each other and therefore agrees: | |||
:(a) that its default under one Loan will be a default under all of them (except where provided otherwise); and | |||
:(b) that its performance under any one {{gmslaprov|Loan}} is in consideration of the other {{gmslaprov|Party}}’s performance under all {{gmslaprov|Loan}}s. <br> | |||