APPROVED INVESTMENTS. In accordance with Section 6 of the Agreement, from and after the Effective Date, Cash Collateral received by the Lending Agent on behalf of the Funds shall be invested and maintained by the Lending Agent in the following Approved Investments: Client Acknowledges receipt of the Declaration of Trust of the BNY Institutional Cash Reserves and the Information Brochure (including Investment Objective and Policies) for the BNY Mellon Securities lending Overnight Fund. Agreed to and Approved by the Clients: DELAWARE GROUP ADVISER FUNDS, on behalf of its Funds identified on Schedule 1 DELAWARE GROUP EQUITY FUND I, on behalf of its Funds identified on Schedule 1 behalf of its Funds identified on Schedule 1 DELAWARE GROUP EQUITY FUNDS III, on behalf of its Funds identified on Schedule 1 DELAWARE GROUP EQUITY FUNDS IV, on behalf of its Funds identified on Schedule 1 DELAWARE GROUP EQUITY FUNDS V, on behalf of its Funds identified on Schedule 1 DELAWARE GROUP INCOME FUNDS, on behalf of its Funds identified on Schedule 1 DELAWARE GROUP TAX-FREE FUND, on behalf of its Funds identified on Schedule 1 DELAWARE GROUP GLOBAL & INTERNATIONAL FUNDS, on behalf of its Funds identified on Schedule 1 DELAWARE GROUP GOVERNMENT FUND, on behalf of its Funds identified on Schedule 1 DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS, on behalf of its Funds identified on Schedule 1 DELAWARE POOLED TRUST, on behalf of its Funds identified on Schedule 1 VOYAGEUR MUTUAL FUNDS III, on behalf of its Funds identified on Schedule 1 DELAWARE VIP TRUST, on behalf of its Funds identified on Schedule 1 DELAWARE INVESTMENTS DIVIDEND AND INCOME FUND, INC. DELAWARE INVESTMENTS GLOBAL DIVIDEND AND INCOME FUND, INC. GLOBAL DIVIDEND AND INCOME FUND, INC. By: /s/ Xxxxxxx Xxxxx Title: Chief Financial Officer Date: September 18, 2009 Agreed to and Approved by Lending Agent By: /s/ Xxxxx X. Xxxxxxx Title: First Vice President BNY Mellon Global Securities Lending Date: September 18, 2009 ATTACHMENT 2 to AMENDMENT TO SECURITIES LENDING AUTHORIZATION AGREEMENT which Amendment is made and effective as of September 22, 2009, by and between THE BANK OF NEW YORK MELLON, successor by operation of law to Mellon Bank, (the “Lending Agent”) and the Clients on behalf of their respective Funds. EXHIBIT D to SECURITIES LENDING AUTHORIZATION AGREEMENT THE BANK OF NEW YORK MELLON, as Lending Agent, and the Clients on behalf of their respective Funds. (as amended from time to time, the “Agreement”) The undersigned (the “Subscri...
APPROVED INVESTMENTS. U.S. Treasury Securities and general obligations fully guaranteed with respect to principal and interest by the U. S. Government.
APPROVED INVESTMENTS. (a) Bank is hereby authorized and directed, without obtaining any further approval from Lender, to invest and reinvest all or substantially all of the Cash Collateral received in any Approved Investment. Bank shall credit all Collateral, Approved Investments and Proceeds received with respect to Collateral and Approved Investments to the Collateral Account and mark its books and records to identify Lender's interest therein as xxxropriate, it being understood that all monies credited to the Collateral Account may for purposes of investment be commingled with cash collateral held for other lenders of securities for whom Bank acts as their respective agent. Bank reserves the right, in its sole discretion, to liquidate any Approved Investment and credit the net proceeds to the Collateral Account.
(b) Lender may deliver to Bank a Certificate from time to time instructing Bank not to make Approved Investments with particular financial institutions or issuers.
(c) All Approved Investments shall be for the account and risk of Lender. To the extent any loss arising out of Approved Investments results in a deficiency in the amount of Collateral available for return to a Borrower, Lender agrees to pay Bank on demand cash in an amount equal to such deficiency.
(d) Except as otherwise provided herein, all Collateral, Approved Investments and Proceeds credited to the Collateral Account shall be controlled by, and subject only to the instructions of, Bank, and Bank shall not be required to comply with any instructions of Lender with respect to the same.
APPROVED INVESTMENTS. Each of the sub-funds may invest the assets on the account of its Investors exclusively in one or more of the following assets: Securities and money market instruments:
a) that are listed or traded on a regulated market within the meaning of Art. 4 Para. 1 Fig. 21 of the Directive 2014/65/EU;
b) that are traded on another regulated market of an EEA member state that is recognised, open to the public and whose procedures are proper;
c) that are officially listed on a securities exchange of a third-party state or that are traded on another market of a European, American, Asian, African or Oceanic country that is recognised, open to the public and whose procedures are proper. Securities from new issues, insofar as:
a) the issue conditions contain the obligation to obtain an official listing or to trade at one of the securities ex- changes mentioned under Fig.
7.1.1. a) to c) or at one of the regulated markets mentioned there, and
b) this approval is achieved at the latest before one year has passed since the issue Units in a UCITS and other undertakings for collective investment within the meaning of Art. 3 Para. 1 Xxx. 00 XXXXXX, insofar as these are permitted pursuant to their constituting documents to invest no more than 10 % of their assets in units in another UCITS or comparable undertaking for collective investment; Sight deposits or terminable deposits with a maximum maturity of twelve months at financial institutions whose registered domicile is located in an EEA member state or in a third-party state whose supervisory law is compa- rable to that of EEA law; Derivatives whose underlying securities constitute investment instruments within the meaning of Art. 51 UCITSG or financial indices, interest rates, exchange rates or currencies. In the event of transactions with OTC derivatives, the counterparties must be supervised financial institutions in an FMA-approved category and the OTC derivatives must be subject to a reliable and verifiable valuation on a daily basis and must at all times be capable at the initiative of the UCITS of being alienated, liquidated or closed out by a counter transaction; Money market instruments that are not traded on a regulated market, insofar as the issue or the issuer of these instruments is subject to regulations concerning investment and Investor protection, provided that they are:
a) issued or guaranteed by a central state, regional or local corporation or by the central bank of an EEA member state, the European Centr...
APPROVED INVESTMENTS. (a) Bank is hereby authorized and directed, without obtaining any further approval from Lender, to invest and reinvest all or substantially all of the Cash Collateral received in any Approved Investment. Bank shall credit all Collateral, Approved Investments and Proceeds received with respect to Collateral and Approved Investments to Lender's Collateral Account, it being understood that all monies credited to such Collateral Account may for purposes of investment be commingled with cash collateral held for other lenders of securities for whom Bank acts as their respective agent. Bank shall remit to Lender the net earnings on Cash Collateral on a monthly basis, on or about the tenth Business Day after the end of the preceding month, and shall remit to Lender any loan fees that are paid by Borrowers in respect of Loans promptly upon Bank's receipt of such fees. In each case, the amount remitted to Lender may be reduced by the amount of any compensation due to Bank under paragraph 8 of Article V.
(b) Lender may deliver to Bank Written Instructions from time to time instructing Bank not to make Approved Investments with particular financial institutions or issuers.
(c) All Approved Investments shall be for the account and risk of Lender. To the extent any loss arising out of Approved Investments results in a deficiency in the amount of Collateral available for return to a Borrower, Lender agrees to pay Bank on demand cash in an amount equal to such deficiency.
(d) Except as otherwise provided herein, including, without limitation, as provided in sub-paragraphs (a) and (b) of this paragraph 2, Bank shall have sole investment discretion with respect to all Cash Collateral, Approved Investments and Proceeds credited to the Collateral Account, and Bank shall not be required to comply with any instruction from Lender with respect to the investment, disposition or disbursement of any Collateral.
APPROVED INVESTMENTS. The UCITS may invest the assets on the account of its investors exclusively in one or more of the following assets:
1. Securities and money market instruments:
a) that are listed or traded on a regulated market within the meaning of Art. 4 Para. 1 Fig. 21 of the Directive 2014/65/EU;
b) that are traded on another regulated market of an EEA member state that is recognised, open to the public and whose procedures are proper;
c) which are officially listed on a securities exchange of a third-party state or that are traded on another global market that is recognised, open to the public and whose procedures are proper.
2. Securities from new issues, insofar as:
a) the issue conditions contain the obligation to achieve an official listing or trading at one of the securities exchanges mentioned under Fig.
1 a) to c) or at one of the regulated markets mentioned there, and
b) this approval is achieved at the latest before one year has passed since the issue.
3. Units in a UCITS and other comparable undertakings for collective investment within the meaning of Art. 3 Para. 1 Fig. 17 UCITSG, insofar as these are permitted pursuant to their constituting documents to invest no more than 10 % of their assets in units in another UCITS or comparable undertaking for collective investment;
4. Sight deposits or terminable deposits with a maximum maturity of twelve months at financial institutions whose reg- istered domicile is located in an EEA member state or in a third-party state whose supervisory law is comparable to that of EEA law;
5. Derivatives whose underlying instrument within the meaning of this article constitutes investment instruments or financial indices, interest rates, exchange rates or currencies. In the event of transactions with OTC derivatives, the counterparties must be supervised financial institutions in an FMA-approved category and the OTC derivatives must be subject to a reliable and verifiable valuation on a daily basis and must at all times be capable at the initia- tive of the UCITS of being alienated, liquidated or closed out by a counter transaction;
6. Money market instruments that are not traded on a regulated market, insofar as the issue or the issuer of these in- struments is subject to regulations concerning investment and investor protection, provided that they are:
a) issued or guaranteed by a central state, regional or local corporation or by the central bank of an EEA member state, the European Central Bank, the European Union or the Eu...
APPROVED INVESTMENTS. (a) Bank may, in its discretion, subject to the applicable requirements of (“ERISA”), invest and reinvest any Cash Collateral (as defined in the Securities Lending Agreement) on behalf of Principal in any approved investments specified in Exhibit C (“Approved Investments”), as it may be amended from time to time. Bank may invest any or all of such Cash Collateral in any one or more of such investments, on any basis Bank determines to be appropriate and that is within the guidelines of the Exhibit C. Bank shall be entitled to pay or retain from any amounts held by Bank on Principal’s account from time to time in respect of any securities loan (i) all Cash Collateral Fees and other sums required to be paid in accordance with a Securities Lending Agreement, and (ii) Bank’s compensation or other amounts incurred by it or owed to it in respect of its services in lending securities hereunder.
(b) Principal may deliver to Bank written instructions from time to time restricting Approved Investments with particular Financial Institutions and/or Issuers.
(c) Principal acknowledges and agrees that any income or gains and losses from investing and reinvesting any Cash Collateral delivered by a Borrower to the Bank pursuant to a Securities Lending Agreement shall be at Principal’s risk and for Principal’s account. To the extent any loss arising out of Approved Investments results in a deficiency in the amount of Collateral that is available, Principal agrees to pay Bank on demand cash in the amount of such deficiency.
APPROVED INVESTMENTS. In accordance with Section 6 of the Agreement, from and after the Effective Date, Cash Collateral received by the Lending Agent on behalf of the Funds shall be invested and maintained by the Lending Agent in the following Approved Investments: Client Acknowledges receipt of the Declaration of Trust of the BNY Institutional Cash Reserves and the Information Brochure (including Investment Objective and Policies) for the BNY Mellon Securities lending Overnight Fund. Agreed to and Approved by Lending Agent THE BANK OF NEW YORK MELLON By: /s/Xxxxx X. Xxxxxxx Title: First Vice President BNY Mellon Global Securities Lending Date: September 18, 2009 Agreed to and Approved by the Clients OPTIMUM FUND TRUST, on behalf of its Funds identified on Schedule 1 By: /s/Xxxxxxx Xxxxx Title: Chief Financial Officer Date: September 18, 2009 which Amendment is made and effective as September 22, 2009, by and between THE BANK OF NEW YORK MELLON, successor by operation of law to Mellon Bank, (the “Lending Agent”) and the Clients on behalf of their respective Funds. THE BANK OF NEW YORK MELLON, as Lending Agent, and the Clients on behalf of their respective Funds. (as amended from time to time, the “Agreement”) The undersigned (the “Subscriber”) desires to invest in Units of Beneficial Interest (“Units”) of BNY Mellon Securities Lending Overnight Fund (the “Portfolio”), a series of BNY Institutional Cash Reserves (the “Trust”). The Bank of New York Mellon (the “Trustee”), a banking company organized under the laws of the State of New York, is the investment manager, custodian and operating trustee of the Portfolio. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Information Brochure, including the related Supplemental Information Brochure, each dated May, 2009 (as may be amended, restated or supplemented from time to time, collectively the “Brochure”). The Subscribers of the Units must be defined as “accredited investors” under Rule 501(a)(1) of the Securities Act of 1933, as amended (the “Securities Act”), and be “qualified purchasers” as that term is defined in Section 2(a)(51) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), as a result of the Trust’s reliance upon Section 3(c)(7) of the Investment Company Act as a basis for an exemption from the registration requirements thereof. The Subscriber irrevocably subscribes for Units of the Portfolio as set forth below, subject to acceptance by the Trust...
APPROVED INVESTMENTS. If Escrow Agent is delivered any investable funds, subject to the provisions hereof, the Escrow Agent is authorized to invest in any type of time account, certificate of deposit, repurchase obligation collateralized by government securities, or any other interest bearing certificate or account, selected at the sole discretion of the Escrow Agent. The Escrow Agent is authorized to redeem or terminate any such certificates or accounts, if required to deliver such funds in accordance herewith, and to forfeit any interest as a result of such redemption or termination.
APPROVED INVESTMENTS. The securities lending agent is hereby authorized to invest and reinvest Cash Collateral in the following investments. Ratings descriptions specified in any category of investments listed below shall mean the rating that is assigned to the investment at the time that it is acquired. Investment Securities issued or fully guaranteed by the United States government and any agency, instrumentality or establishment of the United States government (“Government Securities”). Obligations issued by the central government of any member country of the Organization for Economic Co-operation and Development and any agency or instrumentality thereof (currency hedged) (“OECD Securities”). High-grade commercial paper, notes, bonds and other debt obligations including promissory notes, funding agreements and guaranteed investment contracts whether or not registered under the Securities Act of 1933, as amended. Such obligations may have fixed, floating, or variable rate interest payment provisions. Obligations maturing within one year shall be issued by issuers rated at least A-1 (by Standard & Poor’s) or P-1 (by Moody’s). Obligations maturing beyond one year shall be issued by issuers rated at least A (by Standard & Poor’s) or A2 (by Moody’s). Asset-Backed Securities which carry the highest credit rating by Standard & Poor’s or Moody’s. Certificates of deposit, time deposits and other bank obligations of U.S. banks, their branches and subsidiaries, and the branches and subsidiaries of foreign banks. Obligations will be rated A-1 (Standard & Poor’s) or P-1 (Moody’s) if maturing within one year, or be rated A (Standard & Poor’s) or A2 (Moody’s) if maturing beyond one year. Repurchase and reverse repurchase agreements collateralized by Approved Investments listed on this Schedule I and entered into with counterparties approved by The Bank of New York (including The Bank of New York and its affiliates). Securities, units, shares and other participations in money market funds, unregistered short-term investment funds, pools or trusts (including those managed by The Bank of New York). No more than 5% of the fund may be invested in the debt of any single issuer. No more than 25% of the fund may be invested in any single corporate or financial industry group. Bank instruments that mature in less than one week are exempt from this requirement. All instruments backed by the US Government are exempt from this requirement. The maximum percentage of the fund in commercial paper investe...
