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Subject: pro-borrower proviso law Контекст:Notably, the Enforcement Event definition under the Put Option Agreement does not have a common pro-borrower proviso to the effect that an event of default must be “continuing” (i.e. not waived) to enable the creditor to accelerate the indebtedness. Hence, there is an argument that the historical fact of misrepresentation (even if it’s been waived) under the Russian Share Pledge may entitle ХХХ to enforce the Transaction Security. We also note that the Russian facilities do not have the “continuing” proviso either. благоприятное для заемщика положение (оговорка о том, что неисполнение обязательств должно быть "длящимся"/должно иметь продолжительный характер)? |
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