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Template:Pledge GMSLA 2018 Equivalent: Difference between revisions
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'''{{pgmslaprov|Equivalent}}''' or '''{{pgmslaprov|equivalent to}}''' in relation to any {{pgmslaprov|Loaned Securities}} provided under this {{pgmslaprov|Agreement}} means {{pgmslaprov|Securities}} or other property, of an identical type, nominal value, description and amount to particular {{pgmslaprov|Loaned Securities}} so provided. If and to the extent that such {{pgmslaprov|Loaned Securities}} consists of {{pgmslaprov|Securities}} that are partly paid or have been converted, subdivided, consolidated, made the subject of a takeover, rights of pre-emption, rights to receive securities or a certificate which may at a future date be exchanged for {{pgmslaprov|Securities}}, the expression shall include such {{pgmslaprov|Securities}} or other assets to which {{pgmslaprov|Lender}} is entitled following the occurrence of the relevant event, and, if appropriate, the giving of the relevant notice in accordance with paragraph {{pgmslaprov|6.4}} and provided that {{pgmslaprov|Lender}} has paid to {{pgmslaprov|Borrower}} all and any sums due in respect thereof. In the event that such {{pgmslaprov|Loaned Securities}} have been redeemed, are partly paid, are the subject of a capitalisation issue or are subject to an event similar to any of the foregoing events described in this paragraph, the expression shall have the following meanings: | '''{{pgmslaprov|Equivalent}}''' or '''{{pgmslaprov|equivalent to}}''' in relation to any {{pgmslaprov|Loaned Securities}} provided under this {{pgmslaprov|Agreement}} means {{pgmslaprov|Securities}} or other property, of an identical type, nominal value, description and amount to particular {{pgmslaprov|Loaned Securities}} so provided. If and to the extent that such {{pgmslaprov|Loaned Securities}} consists of {{pgmslaprov|Securities}} that are partly paid or have been converted, subdivided, consolidated, made the subject of a takeover, rights of pre-emption, rights to receive securities or a certificate which may at a future date be exchanged for {{pgmslaprov|Securities}}, the expression shall include such {{pgmslaprov|Securities}} or other assets to which {{pgmslaprov|Lender}} is entitled following the occurrence of the relevant event, and, if appropriate, the giving of the relevant notice in accordance with paragraph {{pgmslaprov|6.4}} and provided that {{pgmslaprov|Lender}} has paid to {{pgmslaprov|Borrower}} all and any sums due in respect thereof. In the event that such {{pgmslaprov|Loaned Securities}} have been redeemed, are partly paid, are the subject of a capitalisation issue or are subject to an event similar to any of the foregoing events described in this paragraph, the expression shall have the following meanings: | ||
:(a) in the case of redemption, a sum of money equivalent to the proceeds of the redemption; | :(a) in the case of redemption, a sum of money equivalent to the proceeds of the redemption; | ||
:(b) in the case of a call on partly-paid {{pgmslaprov|Securities}}, {{pgmslaprov|Securities}} equivalent to the relevant {{pgmslaprov|Loaned Securities}}, provided that {{pgmslaprov|Lender}} shall have paid {{pgmslaprov|Borrower}}, an amount of money equal to the sum due in respect of the call; | :(b) in the case of a call on partly-paid {{pgmslaprov|Securities}}, {{pgmslaprov|Securities}} equivalent to the relevant {{pgmslaprov|Loaned Securities}}, provided that {{pgmslaprov|Lender}} shall have paid {{pgmslaprov|Borrower}}, an amount of money equal to the sum due in respect of the call; | ||
:(c) in the case of a capitalisation issue, {{pgmslaprov|Securities}} equivalent to the relevant {{pgmslaprov|Loaned Securities}} together with the securities allotted by way of bonus thereon; | :(c) in the case of a capitalisation issue, {{pgmslaprov|Securities}} equivalent to the relevant {{pgmslaprov|Loaned Securities}} together with the securities allotted by way of bonus thereon; | ||
:(d) in the case of any event similar to any of the foregoing events described in this paragraph, {{pgmslaprov|Securities}} equivalent to the {{pgmslaprov|Loaned Securities}} together with or replaced by a sum of money or {{pgmslaprov|Securities}} or other property equivalent to that received in respect of such {{pgmslaprov|Loaned Securities}} , resulting from such event; <br> | :(d) in the case of any event similar to any of the foregoing events described in this paragraph, {{pgmslaprov|Securities}} equivalent to the {{pgmslaprov|Loaned Securities}} together with or replaced by a sum of money or {{pgmslaprov|Securities}} or other property equivalent to that received in respect of such {{pgmslaprov|Loaned Securities}}, resulting from such event; <br> | ||