Template:Nutshell GMSLA 10.1(d): Difference between revisions

Template:Nutshell GMSLA 10.1(d) (view source)

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	{{gmslaprov\|10.1(d)}} An {{gmslaprov\|Act of Insolvency}} occurring ~~with respect~~ to {{gmslaprov\|Lender}} or {{gmslaprov\|Borrower}}. If {{gmslaprov\|Automatic Early Termination}} applies, if anyone presents a winding up petition or appoints a liquidator, it will be an {{gmslaprov\|Automatic Early Termination}} and the {{gmslaprov\|Non Defaulting Party}} need not serve written notice. <br>		{{gmslaprov\|10.1(d)}} '''[[10.1(d) - GMSLA Provision\|Act of Insolvency]]''': An {{gmslaprov\|Act of Insolvency}} occurring to {{gmslaprov\|Lender}} or {{gmslaprov\|Borrower}}. If {{gmslaprov\|Automatic Early Termination}} applies, if anyone presents a winding up petition or appoints a liquidator, it will be an {{gmslaprov\|Automatic Early Termination}} and the {{gmslaprov\|Non Defaulting Party}} need not serve written notice. <br>