2010 Global Master Securities Lending Agreement
A Jolly Contrarian owner’s manual
Clause 21 in a Nutshell™
Use at your own risk, campers!
Clause 21 in full
21.1 Subject to paragraph 21.2, neither Party may charge, assign or otherwise deal with all or any of its rights or obligations hereunder without the prior consent of the other Party.
21.2 Paragraph 21.1 shall not preclude a party from charging, assigning or otherwise dealing with all or any part of its interest in any sum payable to it under paragraph 11.2(b) or 11.7.
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Identical to the equivalent 2018 Pledge GMSLA provision in the 2018 Pledge GMSLA.
Note by contrast that the ISDA Master Agreement does not have a prohibition on assignment. Which I think is rather curious.
Template:M sa GMSLA 21