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Corporate actions - GMSLA Provision: Difference between revisions
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{{gmslaanat|6.7}} | {{gmslaanat|6.7}} | ||
''Compare | ''Compare Paragraph {{gmsla2000prov|6.4}} of the {{2000gmsla}}, which (ahem ~spoiler alert~) is materially the same'' | ||
There is a tension between {{gmslaprov|6.6}} and {{gmslaprov|6.7}}: while under {{gmslaprov|6.6}} a {{gmslaprov|Borrower}} is not obliged to ''vote'' in a certain way, if it does so and acquires a certain benefit ''and the {{gmslaprov|Lender}} requests'', it has to pass over that benefit. Best illustrated by way of example: | There is a tension between {{gmslaprov|6.6}} and {{gmslaprov|6.7}}: while under {{gmslaprov|6.6}} a {{gmslaprov|Borrower}} is not obliged to ''vote'' in a certain way, if it does so and acquires a certain benefit ''and the {{gmslaprov|Lender}} requests'', it has to pass over that benefit. Best illustrated by way of example: | ||