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Template:Nutshell OSLA 12: Difference between revisions
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:{{oslaprov|12(E)}} '''Breach of representations and warranties''': the representations or warranties of either Party are materially false when made or repeated, ; <br> | :{{oslaprov|12(E)}} '''Breach of representations and warranties''': the representations or warranties of either Party are materially false when made or repeated, ; <br> | ||
:{{oslaprov|12(F)}} '''Repudiation''': admits to the other that it is cannot or will not perform any of its obligations under the Agreement; <br> | :{{oslaprov|12(F)}} '''Repudiation''': admits to the other that it is cannot or will not perform any of its obligations under the Agreement; <br> | ||
:{{oslaprov|12(G)}} '''Regulatory default''': It is declared in default by the appropriate authority under the {{oslaprov|Rules}} or is suspended or expelled from any securities exchange or other self-regulatory organisation, or is suspended from securities dealing by any government agency | :{{oslaprov|12(G)}} '''Regulatory default''': It is declared in default by the appropriate authority under the {{oslaprov|Rules}} or is suspended or expelled from any securities exchange or other self-regulatory organisation, or is suspended from securities dealing by any government agency; <br> | ||
:{{oslaprov|12(H)}} '''Seizure of assets''': its own asset those it holds for investors held are ordered to be transferred to a trustee by a regulatory authority under securities regulation legislation, or <br> | :{{oslaprov|12(H)}} '''Seizure of assets''': its own asset those it holds for investors held are ordered to be transferred to a trustee by a regulatory authority under securities regulation legislation, or <br> | ||
:{{oslaprov|12(I)}} '''Other breach of Agreement''': the {{oslaprov|Lender}} or the {{oslaprov|Borrower}} fails to perform any other obligations under this Agreement and does not remedy its failure within 30 days after the {{oslaprov|Non-Defaulting Party}} serves notice requiring it to remedy such failure on it. <br> | :{{oslaprov|12(I)}} '''Other breach of Agreement''': the {{oslaprov|Lender}} or the {{oslaprov|Borrower}} fails to perform any other obligations under this Agreement and does not remedy its failure within 30 days after the {{oslaprov|Non-Defaulting Party}} serves notice requiring it to remedy such failure on it. <br> | ||
Each Party must notify the other if it suffers an {{oslaprov|Event of Default}}. <br> | Each Party must notify the other if it suffers an {{oslaprov|Event of Default}}. <br> | ||