Rights of Borrower and Trustee With Respect to Loaned Securities Clause Samples

Rights of Borrower and Trustee With Respect to Loaned Securities. (a) BORROWER'S RIGHTS. Until a Loan is terminated in accordance with the provisions hereof, the Borrower shall have all the incidents of ownership of the relevant Loaned Securities, including, without limitation, the right to transfer such Loaned Securities or any part thereof to others, free and clear of any right, title or interest of the Trustee, and to vote or otherwise consent as holder thereof, subject, however, to all rights of the Trustee and all obligations of the Borrower hereunder, including the provisions of subparagraph 5(b) hereof.