Distributions on Loaned Securities. Bank shall pay to or for the account of Principal, in accordance with Principal’s reasonable instructions, any amounts it receives from a Borrower which represent interest, dividends, and other distributions made with respect to any Loaned Securities (as defined in the Securities Lending Agreement) and which are determined by Bank to be for Principal’s account.
Appears in 2 contracts
Samples: Securities Lending Services Agreement (First Focus Funds Inc), Securities Lending Services Agreement (First Focus Funds Inc)
Distributions on Loaned Securities. Bank shall pay to or for the account of Principal, in accordance with Principal’s reasonable 's instructions, any amounts it receives from a Borrower which represent interest, dividends, and other distributions made with respect to any Loaned Securities (as defined in the Securities Lending Agreement) and which are determined credited by Bank to be for Principal’s 's account.
Appears in 2 contracts
Samples: Securities Lending and Reverse Repurchase Agreement Services (Parkstone Group of Funds /Oh/), Securities Lending and Reverse Repurchase Agreement Services Client Addendum (Highmark Funds /Ma/)
