Template:M summ OSLA 15: Difference between revisions

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(Created page with "What on earth, you might muse, is a “course of dealings”? According to [http://www.businessdictionary.com BusinessDictionary.com], it is “a pattern of normal business co...")
 
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What on earth, you might muse, is a “course of dealings”? According to [http://www.businessdictionary.com BusinessDictionary.com], it is “a pattern of normal business conduct between two parties. It is established over a period involving several {{oslaprov|transactions}}, and may be used as a reliable indicator of how they intend to deal in the future.”
{{course of dealings capsule}}


In any weather, it adds nothing but heft to this clause. This is a standard termination on notice clause for the {{osla}} itself, but doesn’t cut across the terms — and in particular, any stipulated ''[[term]]'' for any loan, which will be set out in a {{oslaprov|Borrowing Request}}<ref>Curiously, the [[OSLA]] doesn’t define a “{{oslaprov|loan}}” as such, but rather refers to the terms, accepted by the {{oslaprov|Lender}}, of a {{oslaprov|Borrowing Request}}. This is [[The farmer and the sheep|counting-sheep-legs-and-dividing-by-four]] behaviour, [[calculated]] to discombobulate non-specialists and keep them away.</ref> They made a much better fist of it in the {{tag|GMSLA}}.
In any weather, it adds nothing but heft to this clause. This is a standard termination on notice clause for the {{osla}} itself, but doesn’t cut across the terms — and in particular, any stipulated ''[[term]]'' for any loan, which will be set out in a {{oslaprov|Borrowing Request}}<ref>Curiously, the [[OSLA]] doesn’t define a “{{oslaprov|loan}}” as such, but rather refers to the terms, accepted by the {{oslaprov|Lender}}, of a {{oslaprov|Borrowing Request}}. This is [[The farmer and the sheep|counting-sheep-legs-and-dividing-by-four]] behaviour, [[calculated]] to discombobulate non-specialists and keep them away.</ref> They made a much better fist of it in the {{tag|GMSLA}}.


So before you can use this clause, you must validly terminate each loan under the terms of its {{oslaprov|Borrowing Request}}.
So before you can use this clause, you must validly terminate each loan under the terms of its {{oslaprov|Borrowing Request}}.