Holding and Administration of Collateral. All Collateral consisting of cash and securities shall be received, held and administered by BBH&CO (as set forth in Operational Procedures) for the benefit of the Fund in the applicable Custody Account or other account established for the purpose of holding Collateral. Collateral consisting of cash shall be placed in an investment listed in the attached Schedule 5 ("Permitted Investments") in accordance with Section 7 hereof. Collateral consisting of letters of credit shall be received, held and administered by BBH&CO for the benefit of the Fund in accordance with the terms of this Agreement and particularly of this Section 5.2.
Appears in 4 contracts
Samples: Securities Lending Agency Agreement (Touchstone Investment Trust), Securities Lending Agency Agreement (Touchstone Strategic Trust), Securities Lending Agency Agreement (Touchstone Variable Series Trust)
Holding and Administration of Collateral. All Collateral consisting of cash and securities shall be received, held and administered by BBH&CO (as set forth in Operational Procedures) for the benefit of the Fund a Portfolio in the applicable Custody Account or other account established for the purpose of holding Collateral. Collateral consisting of cash shall be placed in an investment listed in the attached Schedule 5 ("Permitted Investments") in accordance with Section 7 hereof. Collateral consisting of letters of credit shall be received, held and administered by BBH&CO for the benefit of the Fund a Portfolio in accordance with the terms of this Agreement and particularly of this Section 5.2.
Appears in 1 contract
Samples: Securities Lending Agency Agreement (Nicholas Applegate Institutional Funds)
