Template:GMSLA 2010 6.6: Difference between revisions
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{{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}} {{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> | :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 09:59, 2 July 2013
- 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.