The best I can come up with is "lack of proper planning on your part does NOT constitute an emergency on my part."

They want you to jump into this unknown, and yet hold you to terms OTHERS agreed to? So, what happens if the bank is not happy? Why should that be your problem?

GC's have no friends- and problems are always someone else's fault.

The other EC went bust? You think maybe the GC had something to do with that? I'd run like mad from this one.