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Template:Pledge GMSLA 2018 6: Difference between revisions

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Template:Pledge GMSLA 2018 6 (view source)

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{{pgmslaprov|6.2}} '''{{pgmslaprov|Income in the form of Securities}}''': Where {{pgmslaprov|Income}}, in the form of {{pgmslaprov|Securities}}, is paid in relation to any {{pgmslaprov|Loaned Securities}}, such {{pgmslaprov|Securities}} shall be added to such {{pgmslaprov|Loaned Securities}} (and shall constitute {{pgmslaprov|Loaned Securities}} and be part of the relevant Loan) and will not be delivered to {{pgmslaprov|Lender}} until the end of the relevant Loan, provided that {{pgmslaprov|Lender}} fulfils its obligations under paragraph 5.3 with respect to the additional {{pgmslaprov|Loaned Securities}}.<br>
{{pgmslaprov|6.2}} '''{{pgmslaprov|Income in the form of Securities}}''': Where {{pgmslaprov|Income}}, in the form of {{pgmslaprov|Securities}}, is paid in relation to any {{pgmslaprov|Loaned Securities}}, such {{pgmslaprov|Securities}} shall be added to such {{pgmslaprov|Loaned Securities}} (and shall constitute {{pgmslaprov|Loaned Securities}} and be part of the relevant Loan) and will not be delivered to {{pgmslaprov|Lender}} until the end of the relevant Loan, provided that {{pgmslaprov|Lender}} fulfils its obligations under paragraph 5.3 with respect to the additional {{pgmslaprov|Loaned Securities}}.<br>
{{pgmslaprov|6.3}} '''{{pgmslaprov|Exercise of voting rights}}''': Where any voting rights fall to be exercised in relation to any {{pgmslaprov|Loaned Securities}}, {{pgmslaprov|Borrower}} shall have no obligation to arrange for voting rights of that kind to be exercised in accordance with the instructions of {{pgmslaprov|Lender}} in relation to the {{pgmslaprov|Securities}} borrowed by it, unless otherwise agreed between the {{pgmslaprov|Parties}}.<br>
{{pgmslaprov|6.3}} '''{{pgmslaprov|Exercise of voting rights}}''': Where any voting rights fall to be exercised in relation to any {{pgmslaprov|Loaned Securities}}, {{pgmslaprov|Borrower}} shall have no obligation to arrange for voting rights of that kind to be exercised in accordance with the instructions of {{pgmslaprov|Lender}} in relation to the {{pgmslaprov|Securities}} borrowed by it, unless otherwise agreed between the {{pgmslaprov|Parties}}.<br>
{{pgmslaprov|6.4}} '''{{pgmslaprov|Corporate actions}}''': Where, in respect of any {{pgmslaprov|Loaned Securities}}, any rights relating to conversion, sub- division, consolidation, pre-emption, rights arising under a takeover offer, rights to receive {{pgmslaprov|Securities}} or a certificate which may at a future date be exchanged for {{pgmslaprov|Securities}} or other rights, including those requiring election by the holder for the time being of such {{pgmslaprov|Securities}}, become exercisable prior to the {{pgmslaprov|Delivery}} of {{pgmslaprov|Equivalent}} {{pgmslaprov|Securities}}, then {{pgmslaprov|Lender}} may, within a reasonable time before the latest time for the exercise of the right or option give written notice to {{pgmslaprov|Borrower}} that on {{pgmslaprov|Delivery}} of {{pgmslaprov|Equivalent}} {{pgmslaprov|Securities}} it wishes to receive {{pgmslaprov|Equivalent}} {{pgmslaprov|Securities}} 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>
{{Pledge GMSLA 2018 6.4}}
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