Template:GMSLA 2010 6.6: Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
Created page with "{{gmslaprov|6.6}} '''{{gmslaprov|Exercise of voting rights}}''' <br> :Where any voting rights fall to be exercised in relation to any {{gmslaprov|Loaned Securities}} or {{gmsl..."
 
No edit summary
Line 1: Line 1:
{{gmslaprov|6.6}} '''{{gmslaprov|Exercise of voting rights}}''' <br>
{{gmslaprov|6.6}} '''{{gmslaprov|Exercise of voting rights}}''' <br>
:Where any voting rights fall to be exercised in relation to any {{gmslaprov|Loaned Securities}} or {{gmslaprov|Collateral}}, neither {{gmslaprov|Borrower}}, in the case of {{gmslaprov|Equivalent Securities}}, nor {{gmslaprov|Lender}}, in the case of {{gmslaprov|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 {{gmslaprov|Party}} in relation to the {{gmslaprov|Securities}} borrowed by it or transferred to it by way of {{gmslaprov|Collateral}}, as the case may be, unless otherwise agreed between the {{gmslaprov|Parties}}. <br>
:Where any voting rights fall to be exercised in relation to any {{gmslaprov|Loaned Securities}} or {{gmslaprov|Collateral}}, neither {{gmslaprov|Borrower}}, in the case of {{gmslaprov|Equivalent}} {{gmslaprov|Securities}}, nor {{gmslaprov|Lender}}, in the case of {{gmslaprov|Equivalent} {{gmslaprov|Collateral}}, shall have any obligation to arrange for voting rights of that kind to be exercised in accordance with the instructions of the other {{gmslaprov|Party}} in relation to the {{gmslaprov|Securities}} borrowed by it or transferred to it by way of {{gmslaprov|Collateral}}, as the case may be, unless otherwise agreed between the {{gmslaprov|Parties}}. <br>

Revision as of 09:55, 2 July 2013

6.6 Exercise of voting rights

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 {{gmslaprov|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.