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2018 Global Master Securities Lending Agreement (Pledge version)
A Jolly Contrarian owner’s manual™

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Clause 4.3 in a Nutshell™

Use at your own risk, campers!

4.3 Deliveries of Income Where a Borrower receives Income on any Loaned Securities, it must provide the Lender with any customary endorsements or assignments needed to effect payment or delivery of Equivalent Income in accordance with paragraph 6, whether or not it received such endorsements or assignments under the Loaned Securities. view template

Full text of Clause 4.3

4.3 Deliveries of Income In respect of Income being paid in relation to any Loaned Securities, Borrower shall provide to Lender any endorsements or assignments as shall be customary and appropriate to effect, in accordance with paragraph 6, the payment or delivery of money or property in respect of such Income to Lender, irrespective of whether Borrower received such endorsements or assignments in respect of any Loaned Securities. view template

Related agreements and comparisons

Related agreements: Click here for the same clause in the 2010 GMSLA Comparisons: Template:Gmsladiff 4.3

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References