Loan Agreement Against Pledge Of Shares
3.2 Indication of the exercise of rights. The lender has ten (10) working days from receipt of a notice of rights to inform the borrower (the “Exercise of Rights Communication”) that the lender wishes the borrower (i) to assign all or part of it to the deposit holder and/or (ii) exercise all or part of this right. Where the lender requests an assignment, the borrower shall assign without delay and without further consideration the part of the right to the secured creditor indicated in the notification of the exercise of rights. When the lender asks the borrower to exercise all or part of the right and to pay the borrower the consideration that must be paid before the expiry date of the right, the borrower exercises the right and immediately transfers the securities received during the exercise against such consideration: Withdraw and deliver to the creditor pledges. Any amount paid by the lender in accordance with this Section shall be added to the amount of the loan in accordance with this Section. 3.1 Reference on the right. The Borrower shall inform the Lender of any right to purchase additional shares or other securities (“Right”) granted to the Borrower and resulting from the holding of shares or distributions of the Borrower, such communication being communicated within five (5) days of notification of the existence of a right. Any communication of rights shall indicate the conditions of the right, including the date of expiry of the exercise of the right, to indicate whether the issuer authorizes the assignment of the right to the lender and the notification that the borrower receives of the existence of the right. (a) by the borrower.
As used here, “direct family” means spouse, ancestry or precursor, father, mother, brother, sister or step-child (whether they were adopted or not). . . .