Common use of Collateral Substitutions Clause in Contracts

Collateral Substitutions. BGI may accept substitutions of Collateral in accordance with the applicable Securities Lending Agreement and the Securities Lending Guidelines and shall credit all such substitutions to the Collateral Account; provided, however, that unless other Collateral has been mutually agreed upon in writing by BGI and the Fund (including by means of the Securities Lending Guidelines), no other Collateral may be substituted for Cash Collateral.

Appears in 9 contracts

Samples: Securities Lending Agency Agreement (iSHARES INC), Securities Lending Agency Agreement (iSHARES TRUST), Securities Lending Agency Agreement (Master Investment Portfolio)

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