2018 Global Master Securities Lending Agreement (Pledge Version)
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Clause 21 in a Nutshell™
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Full text of Clause 21
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 provision (21) in the 2010 GMSLA.
Template:M sa Pledge GMSLA 21