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Template:Nutshell Pledge GMSLA 10: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{pgmslaprov|10}} '''{{pgmslaprov|Events of Default}}''' <br> {{pgmslaprov|10.1}} Any of the following occurring and continuing in relation to a Party (the '''{{pgmslaprov|Def...") |
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:{{pgmslaprov|10.1(h)}} '''Suspension of exchange membership''': either party being suspended, expelled of declared in default by any {{pgmslaprov|Securities}} exchange or any regulatory authority, because it has failed to meet ratings or capital adequacy requirements; | :{{pgmslaprov|10.1(h)}} '''Suspension of exchange membership''': either party being suspended, expelled of declared in default by any {{pgmslaprov|Securities}} exchange or any regulatory authority, because it has failed to meet ratings or capital adequacy requirements; | ||
:{{pgmslaprov|10.1(i)}} '''Breach of Agreement''': either party breaching any of its other obligations and not remedying the failure within 30 days after the {{pgmslaprov|Non-Defaulting Party}} requires it to remedy the failure in writing; or | :{{pgmslaprov|10.1(i)}} '''Breach of Agreement''': either party breaching any of its other obligations and not remedying the failure within 30 days after the {{pgmslaprov|Non-Defaulting Party}} requires it to remedy the failure in writing; or | ||
:{{pgmslaprov|10.1(j)}} ''Security Agreement failures: {{pgmslaprov|Borrower}} breaches, repudiates or challenges the validity of the {{pgmslaprov|Security Agreement}}, or it expires or is terminated, or any [[security interest]] granted by {{pgmslaprov|Borrower}} under it is not fully effective. | :{{pgmslaprov|10.1(j)}} '''Security Agreement failures''': {{pgmslaprov|Borrower}} breaches, repudiates or challenges the validity of the {{pgmslaprov|Security Agreement}}, or it expires or is terminated, or any [[security interest]] granted by {{pgmslaprov|Borrower}} under it is not fully effective. | ||
{{pgmslaprov|10.2}} Each Party must notify the other (in writing) if it suffers an {{pgmslaprov|Event of Default}} or potential {{pgmslaprov|Event of Default}}. | {{pgmslaprov|10.2}} Each Party must notify the other (in writing) if it suffers an {{pgmslaprov|Event of Default}} or potential {{pgmslaprov|Event of Default}}. | ||
{{pgmslaprov|10.3}} Subject to paragraphs {{pgmslaprov|9}} and {{pgmslaprov|11}}, neither {{pgmslaprov|Party}} may claim any [[consequential loss]]es for breach of this {{pgmslaprov|Agreement}}. <br> | {{pgmslaprov|10.3}} Subject to paragraphs {{pgmslaprov|9}} and {{pgmslaprov|11}}, neither {{pgmslaprov|Party}} may claim any [[consequential loss]]es for breach of this {{pgmslaprov|Agreement}}. <br> | ||