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Template:GMSLA 2010 Addendum 7: Difference between revisions
Template:GMSLA 2010 Addendum 7 (view source)
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Amwelladmin (talk | contribs) (Created page with "{{gmslaprov|Addendum 7}}. {{gmslaprov|Warranties (Agency Addendum)}} :7.1 The {{gmslaprov|Agent warrants}} to {{gmslaprov|Borro}}wer that: ::(a) all notifications provided to...") |
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:7.1 The {{gmslaprov|Agent warrants}} to {{gmslaprov|Borro}}wer that: | :7.1 The {{gmslaprov|Agent warrants}} to {{gmslaprov|Borro}}wer that: | ||
::(a) all notifications provided to Borrower under paragraph {{gmslaprov|addendum 4}}.1 above and all statements provided to the other party under paragraph {{gmslaprov|Addendum 6}}.5 above shall be complete and accurate in all material respects; | ::(a) all notifications provided to Borrower under paragraph {{gmslaprov|addendum 4}}.1 above and all statements provided to the other party under paragraph {{gmslaprov|Addendum 6}}.5 above shall be complete and accurate in all material respects; | ||
:(b) at the time of allocating an {{gmslaprov|Agency Loan}} in accordance with paragraph {{gmslaprov|Addendum 4}}.1 above, each {{gmslaprov|Principal}} or {{gmslaprov|Principal}}s to whom the {{gmslaprov|Agent}} has allocated that {{gmslaprov|Agency Loan}} or any part of that {{gmslaprov|Agency Loan}} is duly authorised to enter into the {{gmslaprov|Agency Loan}}s contemplated by this {{gmslaprov|Agreement}} and to perform its obligations thereunder; and | ::(b) at the time of allocating an {{gmslaprov|Agency Loan}} in accordance with paragraph {{gmslaprov|Addendum 4}}.1 above, each {{gmslaprov|Principal}} or {{gmslaprov|Principal}}s to whom the {{gmslaprov|Agent}} has allocated that {{gmslaprov|Agency Loan}} or any part of that {{gmslaprov|Agency Loan}} is duly authorised to enter into the {{gmslaprov|Agency Loan}}s contemplated by this {{gmslaprov|Agreement}} and to perform its obligations thereunder; and | ||
:(c) at the time of allocating an {{gmslaprov|Agency Loan}} in accordance with paragraph {{gmslaprov| Addendum 4}}.1 above, no {{gmslaprov|Event of Default}} or event which would constitute an {{gmslaprov|Event of Default}} with the service of a {{gmslaprov|Default Notice}} or other written notice under paragraph {{gmslaprov|14}} of the {{gmslaprov|Agreement}} has occurred in relation to any {{gmslaprov|Principal}} or {{gmslaprov|Principal}}s to whom the {{gmslaprov|Agent}} has allocated that {{gmslaprov|Agency Loan}} or any part of that {{gmslaprov|Agency Loan}}. <br> | ::(c) at the time of allocating an {{gmslaprov|Agency Loan}} in accordance with paragraph {{gmslaprov| Addendum 4}}.1 above, no {{gmslaprov|Event of Default}} or event which would constitute an {{gmslaprov|Event of Default}} with the service of a {{gmslaprov|Default Notice}} or other written notice under paragraph {{gmslaprov|14}} of the {{gmslaprov|Agreement}} has occurred in relation to any {{gmslaprov|Principal}} or {{gmslaprov|Principal}}s to whom the {{gmslaprov|Agent}} has allocated that {{gmslaprov|Agency Loan}} or any part of that {{gmslaprov|Agency Loan}}. <br> | ||