What happens to stock on loan that is subsequently delivered against a call assignment or put exercise?

The loan will be terminated on T+1 of the action date (trade, assignment, exercise) which closed or decreased the position.

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Under what circumstances will a stock loan be terminated?
Can I sell call options and buy or exercise put options against my stock while, it is being lent?
Can a client write covered calls against stock which has been loaned out through the Stock Yield Enhancement Program and receive the covered call margin treatment?
What happens to stock which is the subject of a loan and which is subsequently delivered against a call assignment or put exercise?