Talk:Pledge GMSLA Anatomy: Difference between revisions

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 {{Pledge GMSLA 2018 26}}
-{{pgmslaprov|17}} {{pgmslaprov| Single Agreement}}
-:Each Party acknowledges that, and has entered into this Agreement and the related agreements referred to herein and will enter into each {{pgmslaprov|Loan}} in consideration of and in reliance upon the fact that, all Loans constitute a single business and contractual relationship and are made in consideration of each other. Accordingly, each Party agrees:
-:{{pgmslaprov|17.1(a)}}	to perform all of its obligations in respect of each Loan, and that a default in the performance of any such obligations shall constitute a default by it in respect of all Loans, subject always to the other provisions of this Agreement and such related agreements; and
-:{{pgmslaprov|17.1(b)}}	that payments, deliveries and other transfers made by either of them in respect of any {{pgmslaprov|Loan}} shall be deemed to have been made in consideration of payments, deliveries and other transfers in respect of any other Loan.
 {{pgmslaprov|18}} {{pgmslaprov| Severance}}
 :If any provision of this Agreement is declared by any judicial or other competent authority to be void or otherwise unenforceable, that provision shall be severed from the Agreement and the remaining provisions of this Agreement shall remain in full force and effect. The Agreement shall, however, thereafter be amended by the {{pgmslaprov|Parties}} in such reasonable manner so as to achieve as far as possible, without illegality, the intention of the {{pgmslaprov|Parties}} with respect to that severed provision.