Corporate Actions and Proxy Rights. Lender acknowledges that, with respect to Loaned Securities which are out on loan over the applicable record date for such action, it will not, unless otherwise agreed, be entitled to (a) participate in any dividend reinvestment program; (b) receive stock in an optional cash/stock dividend plan; or (c) vote any proxies, provided however, that Lender will be entitled to (i) participate in any dividend reinvestment program; (ii) receive stock in an optional cash/stock dividend plan; and (iii) vote such proxies for such Loaned Securities if (A) it has provided notice to Bank pursuant to Paragraph 3 of Article IV of this Agreement terminating the Loan, and (B) such Loaned Securities have been returned to and received by Bank or its agents by the applicable deadline as provided by Bank.
Appears in 11 contracts
Samples: Securities Lending Agreement, Securities Lending Agreement (Ing Vp Bond Portfolio), Securities Lending Agreement (Ing Series Fund Inc)
