Common use of Shared Securities Clause in Contracts

Shared Securities. (a) (Not sell etc. Shared Securities): The Trustee must not, and the Manager must not direct the Trustee to, sell, transfer or grant any Security Interest over any Shared Security which is held by it partly as trustee for the Series Trust and partly by it as trustee for the CBA Trust without notifying the relevant transferee or holder of the Security Interest of the existence of the interest of the Relevant Seller as beneficiary of the CBA Trust in that Shared Security.

Shared Securities. (a) (Not sell etc. Shared Securities): The Trustee must not, and the Manager must not direct the Trustee to, sell, transfer or grant any Security Interest over any Shared Security which is held by it partly as trustee for the Series Trust and partly by it as trustee for the CBA Trust without notifying the relevant transferee or holder of the Security Interest of the existence of the interest of the Relevant relevant Seller as beneficiary of the CBA Trust in that Shared Security.