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Template:GMSLA 2010 6.7: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{gmslaprov|6.7}} '''{{gmslaprov|Corporate actions}}''' <br> :Where, in respect of any {{gmslaprov|Loaned Securities}} or any {{gmslaprov|Collateral}}, any rights relating to ...") |
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{{gmslaprov|6.7}} '''{{gmslaprov|Corporate actions}}''' <br> | {{gmslaprov|6.7}} '''{{gmslaprov|Corporate actions}}''' <br> | ||
:Where, in respect of any {{gmslaprov|Loaned Securities}} or any {{gmslaprov|Collateral}}, any rights relating to conversion, sub division, consolidation, pre emption, rights arising under a takeover offer, rights to receive securities or a certificate which may at a future date be exchanged for securities or other rights, including those requiring election by the holder for the time being of such {{gmslaprov|Securities}} or {{gmslaprov|Collateral}}, become exercisable prior to the delivery of {{gmslaprov|Equivalent Securities}} or {{gmslaprov|Equivalent Collateral}}, then {{gmslaprov|Lender}} or {{gmslaprov|Borrower}}, as the case may be, may, within a reasonable time before the latest time for the exercise of the right or option give written notice to the other {{gmslaprov|Party}} that on delivery of {{gmslaprov|Equivalent Securities}} or {{gmslaprov|Equivalent Collateral}}, as the case may be, it wishes to receive {{gmslaprov|Equivalent Securities}} or {{gmslaprov|Equivalent Collateral}} in such form as will arise if the right is exercised or, in the case of a right which may be exercised in more than one manner, is exercised as is specified in such written notice. <br> | :Where, in respect of any {{gmslaprov|Loaned Securities}} or any {{gmslaprov|Collateral}}, any rights relating to conversion, sub division, consolidation, pre emption, rights arising under a takeover offer, rights to receive securities or a certificate which may at a future date be exchanged for securities or other rights, including those requiring election by the holder for the time being of such {{gmslaprov|Securities}} or {{gmslaprov|Collateral}}, become exercisable prior to the delivery of {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} or {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}}, then {{gmslaprov|Lender}} or {{gmslaprov|Borrower}}, as the case may be, may, within a reasonable time before the latest time for the exercise of the right or option give written notice to the other {{gmslaprov|Party}} that on delivery of {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} or {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}}, as the case may be, it wishes to receive {{gmslaprov|Equivalent}} {{gmslaprov|Securities}} or {{gmslaprov|Equivalent}} {{gmslaprov|Collateral}} in such form as will arise if the right is exercised or, in the case of a right which may be exercised in more than one manner, is exercised as is specified in such written notice. <br> | ||