Template:Nutshell Pledge GMSLA 6.1

6.1 Manufactured payments in respect of Loaned Securities: Where a Loan extends over an Income Record Date or an Income Record Date occurs before Borrower has returned Equivalent Securities to Lender, Borrower must, on the date such Income is paid by the issuer, deliver to Lender money or property equivalent to the Income that would be received by Lender (after Tax) on the Loaned Securities had it held them on the Income Record Date.