Fees for Loan. 4.1 Unless otherwise agreed, (a) Borrower agrees to pay Lender a loan fee (a “Loan Fee”), computed daily on each Loan to the extent such Loan is secured by cash Collateral or Collateral other than cash, based on the aggregate market value, on each day for which such Loan Fee is being computed, of the Loaned Securities so secured, and (b) Lender agrees to pay Borrower a fee or rebate (a “Cash Collateral Fee”) on Collateral consisting of cash, computed daily based on the amount of cash held by Lender as Collateral. In the case of each of the Loan Fee and the Cash Collateral Fee, the parties shall agree on the applicable rates therefor. Unless otherwise agreed, Loan Fees shall accrue from and including the date on which the Loaned Securities are transferred to Borrower to, but excluding, the date on which such Loaned Securities are returned to Lender, and Cash Collateral Fees shall accrue from and including the date on which the cash Collateral is transferred to Lender to, but excluding, the date on which such cash Collateral is returned to Borrower.
4.2 Unless otherwise agreed, any Loan Fee or Cash Collateral Fee payable hereunder shall be payable upon the earlier of (i) the seventh day of the month following the calendar month in which such fee was incurred or (ii) the termination of all Loans hereunder (or, if a transfer of cash under Section 3.8 may not be effected on such seventh day or the day of such termination, as the case may be, the next day on which such a transfer may be effected). Notwithstanding the foregoing, all Loan Fees shall be payable by Borrower immediately in the event of a Default hereunder by Borrower and all Cash Collateral Fees shall be payable immediately by Lender in the event of a Default hereunder by Lender.
Fees for Loan. 5.1. Borrower and Lender agree to a loan fee (a “Loan Fee”), computed daily on each Loan. For more information, see the attached Schedule of Basis of Compensation for Loan, which is fully incorporated herein.
5.2. Unless otherwise agreed, any Loan Fee payable hereunder shall be payable within fifteen (15) Business Days following the last Business Day of the calendar month in which such fee was incurred.
Fees for Loan. Unless otherwise agreed, when the agreement to lend securities is made, the parties shall agree on the basis of compensation to be paid in respect of the Loan. Unless otherwise agreed, any fee payable hereunder shall be calculated daily and payable
(a) by Lender, in the case of Loaned Securities collateralized by cash, (i) before the 7th Business Day of the month following the month in which the fee was incurred, (ii) immediately, in the event of a Default hereunder by Lender, or (b) by Borrower, in the case of Loaned Securities collateralized other than by cash, (i) before the 7th Business Day of the month following the month in which the fee was incurred, or (ii) immediately, in the event of a Default hereunder by Borrower.
Fees for Loan. (a) Borrower agrees to pay Lender a loan fee of 40 basis points per annum (a "LOAN FEE"), computed daily on the Loan, based on the aggregate market value, determined in accordance with Section 15 hereof, of the Loaned Securities on the day for which such Loan Fee is being computed and (b) Lender agrees to pay Borrower a fee or rebate (a "CASH COLLATERAL FEE") on Collateral, equal to the amount of all earnings or returns received by Lender in respect of any Collateral consisting of
Fees for Loan. 5.1. Xxxxxxxx and Xxxxxx agree to a loan fee (a “Loan Fee”), computed daily on each Loan. For more information, see the attached Schedule of Basis of Compensation for Loan, which is fully incorporated herein.
5.2. Unless otherwise agreed, any Loan Fee payable hereunder shall be payable within
Fees for Loan. Borrower and Lender agree to a loan fee (a “Loan Fee”), computed daily on each Loan, which such fee may change from time to time in the sole discretion of Borrower. For more information, see the attached Schedule of Basis of Compensation for Loan, which is fully incorporated herein.
Fees for Loan. 5.1 Borrower and Clearing Broker agree to pay Lender a loan fee (a “Loan Fee”), computed daily on each Loan based on the amount of cash or non- cash collateral held by Lender as Collateral as defined herein. Loan Fees shall accrue from and including the date on which the Loaned Securities are transferred to Borrower to, but excluding, the date on which such Loaned Securities are returned to Lender.
5.2 The Loan Fee as determined hereunder will be paid to the Lender by way of a credit posted to the Lender’s cash account at the Clearing Broker.
5.3 Unless otherwise agreed, any Loan Fee payable hereunder shall be payable:
(a) in the case of any Loan of Securities other than Government Securities, upon the earlier of (i) the first ten calendar days of the month following the calendar month in which such fee was incurred
(b) in the case of any Loan of Government Securities, upon the termination of such Loan and at such other times, if any, as may be customary in accordance with market practice. Notwithstanding the foregoing, all Loan Fees shall be payable by Borrower immediately in the event of a Default hereunder by Borrower.
Fees for Loan. 4.1 Borrower agrees to pay Lender a loan fee (a “Loan Fee”) at the rate of two percent (2%) per annum, based on the aggregate Market Value of the Loaned Securities on the day the Loan commences. Loan Fees shall accrue from and including the date on which the Loaned Securities are transferred to Borrower to, but excluding, the date on which such Loaned Securities are returned to Lender.
4.2 Any Loan Fee payable hereunder shall be payable upon the termination of the Loan hereunder (or, if a transfer of cash in accordance with Section 13 may not be effected on the day of such termination, the next day on which such a transfer may be effected). Notwithstanding the foregoing, all Loan Fees shall be payable by Borrower immediately in the event of a Default hereunder by Borrower.
Fees for Loan. 4.1 Unless otherwise agreed, (a) Borrower agrees to pay Lender a loan fee (a "Loan Fee"), computed daily on each Loan to the extent such Loan is secured by Collateral other than cash, based on the aggregate par value (in the case of Loans of Government Securities) or the aggregate market value (in the case of all other Loans) of the Loaned Securities on the day for which such Loan Fee is being computed, and (b) Lender agrees to pay Borrower a fee or rebate (a "Cash Collateral Fee") on Collateral consisting of cash, computed daily based on the amount of cash held by Lender as Collateral, in the case of each of the Loan Fee and the Cash Collateral Fee at such rates as Borrower and Lender may agree. Except as Borrower and Lender may otherwise agree (in the event that cash Collateral is transferred by clearing house funds or otherwise), Loan Fees shall accrue from and including the date on which the Loaned Securities are transferred to Borrower to, but excluding, the date on which such Loaned Securities are returned to Lender, and Cash Collateral Fees shall accrue from and including the date on which
Fees for Loan. 4.1. Unless otherwise agreed, NFS agrees to pay Lender a loan fee (a “Loan Fee”), computed daily on each Loan based on the aggregate Market Value of the Loaned Securities and the current Lending Interest Rate (as defined below) on the day for which such Loan Fee is being computed. The Lending Interest Rate is based on the relative value of the Loaned Security, which is determined by several factors, including borrowing demand, the overall lendable supply of the security, short selling and hedging interest and general market conditions. The Lending Interest Rate may change at any time based on changes in market conditions. Unless otherwise agreed, for all Retirement Accounts, the Lending Interest Rate for each Loan will be 60% of a third-party benchmark lending rate that is calculated daily for each security, less any fees paid by NFS to a correspondent broker as described in Section
