Administration of Cash Collateral. (i) Chase is hereby authorized to act as the administrator of Cash Collateral in accordance with the investment guidelines annexed hereto as Appendix 4. (ii) Authorized Investments are made for the account of, and at the sole risk of, Lender. In that connection, Lender shall pay to Chase on demand in cash an amount equal to any deficiency in the amount of Collateral available for return to a Borrower under a Loan with Lender pursuant to an applicable MSLA. Chase is authorized to select brokers and dealers for the execution of trades in connection with the administration of Cash Collateral, which broker or dealer may be an affiliate of Chase provided that a competitive execution price is obtained.
Appears in 14 contracts
Samples: Secuities Lending Agreement (Delaware Group Equity Funds Iii), Secuities Lending Agreement (Delaware Group Premium Fund), Secuities Lending Agreement (Delaware Group Equity Funds I)
