Exercise of voting rights - Pledge GMSLA Provision
2018 Global Master Securities Lending Agreement (Pledge Version)
Clause 6.3 in a Nutshell™
Use at your own risk, campers!
Full text of Clause 6.3
Related agreements and comparisons
Content and comparisons
Paragraph 6.6 of the 2010 GMSLA is materially identical to Paragraph 6.3 of the 2000 GMSLA, as is 6.3 of the 2018 Pledge GMSLA, except that in the 2018 Pledge GMSLA it doesn’t talk about Collateral, seeing as the Borrower hasn’t given up title to the Collateral in the first place, having only pledged it, and therefore can still vote it without the Lender’s help.