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Template:Nutshell Pledge GMSLA 17: Difference between revisions
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{{ | {{pgmslaprov|17}} '''{{pgmslaprov|Single Agreement}}'''<br> | ||
The parties enter into this {{pgmslaprov|Agreement}} and each {{pgmslaprov|Loan}} on the assumption that {{pgmslaprov|Loan}}s constitute a single business and contractual relationship and are made in consideration of each other and therefore agrees: | |||
:(a) that its default under one Loan will be a default under all of them (except where provided otherwise); and | |||
:(b) that its performance under any one {{pgmslaprov|Loan}} is in consideration of the other {{pgmslaprov|Party}}’s performance under all {{pgmslaprov|Loan}}s. <br> | |||