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Template:GMSLA 2010 Agency Annex 1.5: Difference between revisions
Template:GMSLA 2010 Agency Annex 1.5 (view source)
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Amwelladmin (talk | contribs) (Created page with "{{gmslaprov|1.5}}. '''{{gmslaprov|Status of {{gmslaprov|Agency Loan}}}}''' <br> :(a) Each {{gmslaprov|Agency Loan}} shall be a transaction between the relevant {{gmslaprov|Pri...") |
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{{gmslaprov|1.5}}. '''{{gmslaprov|Status of | {{gmslaprov|1.5}}. '''{{gmslaprov|Status of Agency Loan}}''' <br> | ||
:(a) Each {{gmslaprov|Agency Loan}} shall be a transaction between the relevant {{gmslaprov|Principal}} and {{gmslaprov|Borrower}} and no person other than the relevant {{gmslaprov|Principal}} and {{gmslaprov|Borrower}} shall be a party to or have any rights or obligations under an {{gmslaprov|Agency Loan}}. Without limiting the foregoing, {{gmslaprov|Agent}} shall not be liable as {{gmslaprov|Principal}} for the performance of an {{gmslaprov|Agency Loan}}, but this is without prejudice to any liability of {{gmslaprov|Agent}} under any other provision of this {{gmslaprov|Annex}}; and <br> | :(a) Each {{gmslaprov|Agency Loan}} shall be a transaction between the relevant {{gmslaprov|Principal}} and {{gmslaprov|Borrower}} and no person other than the relevant {{gmslaprov|Principal}} and {{gmslaprov|Borrower}} shall be a party to or have any rights or obligations under an {{gmslaprov|Agency Loan}}. Without limiting the foregoing, {{gmslaprov|Agent}} shall not be liable as {{gmslaprov|Principal}} for the performance of an {{gmslaprov|Agency Loan}}, but this is without prejudice to any liability of {{gmslaprov|Agent}} under any other provision of this {{gmslaprov|Annex}}; and <br> | ||
:(b) all the provisions of the {{gmslaprov|Agreement}} shall apply separately as between {{gmslaprov|Borrower}} and each {{gmslaprov|Principal}} for whom the {{gmslaprov|Agent}} has entered into an {{gmslaprov|Agency Loan}} or {{gmslaprov|Agency Loan}}s as if each such {{gmslaprov|Principal}} were a party to a separate {{gmslaprov|Agreement}} with {{gmslaprov|Borrower}} in all respects identical with this {{gmslaprov|Agreement}} other than this {{gmslaprov|Annex}} and as if the {{gmslaprov|Principal}} were Lender in respect of that {{gmslaprov|Agreement}}; provided that <br> | :(b) all the provisions of the {{gmslaprov|Agreement}} shall apply separately as between {{gmslaprov|Borrower}} and each {{gmslaprov|Principal}} for whom the {{gmslaprov|Agent}} has entered into an {{gmslaprov|Agency Loan}} or {{gmslaprov|Agency Loan}}s as if each such {{gmslaprov|Principal}} were a party to a separate {{gmslaprov|Agreement}} with {{gmslaprov|Borrower}} in all respects identical with this {{gmslaprov|Agreement}} other than this {{gmslaprov|Annex}} and as if the {{gmslaprov|Principal}} were Lender in respect of that {{gmslaprov|Agreement}}; provided that <br> | ||