Template:Nutshell Pledge GMSLA 4.3: Difference between revisions
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{{pgmslaprov|4. | {{pgmslaprov|4.3}} '''{{pgmslaprov|Deliveries of Income}}'''<br /> | ||
Where a {{pgmslaprov|Borrower}} receives {{pgmslaprov|Income}} on any {{pgmslaprov|Loaned Securities}}, it must provide the {{pgmslaprov|Lender}} with any customary endorsements or assignments needed to effect payment or delivery of {{pgmslaprov|Equivalent}} {{pgmslaprov|Income}} in accordance with paragraph {{pgmslaprov|6}}, whether or not it received such endorsements or assignments under the {{pgmslaprov|Loaned Securities}}. <br> | Where a {{pgmslaprov|Borrower}} receives {{pgmslaprov|Income}} on any {{pgmslaprov|Loaned Securities}}, it must provide the {{pgmslaprov|Lender}} with any customary endorsements or assignments needed to effect payment or delivery of {{pgmslaprov|Equivalent}} {{pgmslaprov|Income}} in accordance with paragraph {{pgmslaprov|6}}, whether or not it received such endorsements or assignments under the {{pgmslaprov|Loaned Securities}}. <br> | ||
Latest revision as of 15:49, 3 July 2020
4.3 Deliveries of Income
Where a Borrower receives Income on any Loaned Securities, it must provide the Lender with any customary endorsements or assignments needed to effect payment or delivery of Equivalent Income in accordance with paragraph 6, whether or not it received such endorsements or assignments under the Loaned Securities.