Common use of Rights in Respect of Loaned Shares Clause in Contracts

Rights in Respect of Loaned Shares. Subject to the terms of this Agreement, including Borrower’s obligation to return the Loaned Shares in accordance with the terms of this Agreement, and except as otherwise agreed by Borrower and Lender or Borrower and any subsequent transferee of Loaned Shares, insofar as such person is the record owner of any such Loaned Shares, such person shall have all of the incidents of ownership in respect of any such Loaned Shares, including the right to transfer the Loaned Shares to others. Borrower agrees that neither it or any of its affiliates that is the record owner of any Loaned Shares initially transferred hereunder, held for delivery to Lender or held by Borrower or its affiliates (other than any such securities that are held in the accounts of, and beneficially owned by, any unaffiliated third party, where such third party has the power to, and has, directed the vote of such securities), shall vote such Loaned Shares on any matter submitted to a vote of Lender’s stockholders.

Rights in Respect of Loaned Shares. Subject to the terms of this Agreement, including the Borrower’s 's obligation to return the Loaned Shares in accordance with the terms of this Agreement, and except as otherwise agreed by the Borrower and the Lender or the Borrower and any subsequent transferee of Loaned Shares, insofar as such person is the record owner of any such Loaned Shares, such person shall have all of the incidents of ownership in respect of any such Loaned Shares, including the right to transfer the Loaned Shares to others. The Borrower agrees that neither it or nor any affiliate of its affiliates it that is the record owner of any Loaned Shares initially that are (i) transferred hereunder, hereunder and (ii) held for delivery to the Lender or held by the Borrower or its affiliates (other than any such securities that are held in the accounts of, and beneficially owned by, any unaffiliated third party, where such third party has the power to, and has, directed the vote of such securities), ) shall vote such Loaned Shares on any matter submitted to a vote of Lender’s Ship Finance's stockholders.; provided that, if by failing to vote such Loaned Shares there shall not be