Exercise of voting rights - GMSLA Provision: Difference between revisions
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*What happens under {{gmslaprov|corporate actions}} under the {{gmsla}} |
Revision as of 11:48, 18 July 2018
GMSLA Anatomy™
Where any voting rights fall to be exercised in relation to any Loaned Securities or Collateral, neither Borrower, in the case of Equivalent Securities, nor Lender, in the case of Equivalent Collateral, shall have any obligation to arrange for voting rights of that kind to be exercised in accordance with the instructions of the other Party in relation to the Securities borrowed by it or transferred to it by way of Collateral, as the case may be, unless otherwise agreed between the Parties.
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See also
- What happens under corporate actions under the 2010 GMSLA