Income and Related Payments to Borrower. Where Collateral consists of securities and the Approved Borrower, pursuant to an SLA, is due to receive an amount equal to the interest or distribution declared ("Collateral Substitute Payment") in respect of such Collateral during the term of the related securities loan, BBH&CO shall promptly remit or cause to be remitted such Collateral Substitute Payment on behalf of the Fund to the Approved Borrower in accordance with such Approved Borrower's instructions. BBH&CO shall likewise remit, or cause to be remitted, to any Approved Borrower the applicable Cash Collateral Fee (as defined in the SLA) when due in accordance with the Approved Borrower's instructions.
Appears in 4 contracts
Samples: Securities Lending Agency Agreement (Touchstone Investment Trust), Securities Lending Agency Agreement (Touchstone Institutional Funds Trust), Securities Lending Agency Agreement (Touchstone Strategic Trust)
Income and Related Payments to Borrower. Where Collateral consists of securities and the Approved Borrower, pursuant to an SLA, is due to receive an amount equal to the interest or distribution declared ("“Collateral Substitute Payment"”) in respect of such Collateral during the term of the related securities loan, BBH&CO BBH&Co. shall promptly remit or cause to be remitted such Collateral Substitute Payment on behalf of the applicable Fund to the Approved Borrower in accordance with such Approved Borrower's ’s instructions. BBH&CO BBH&Co. shall likewise remit, or cause to be remitted, to any Approved Borrower the applicable Cash Collateral Fee (as defined in the SLA) when due in accordance with the Approved Borrower's ’s instructions.
Appears in 4 contracts
Samples: Securities Lending Agency Agreement (Touchstone Funds Group Trust), Securities Lending Agency Agreement (Touchstone Investment Trust), Securities Lending Agency Agreement (Touchstone Tax Free Trust)
Income and Related Payments to Borrower. Where Collateral consists of securities and the Approved Borrower, pursuant to an SLA, is due to receive an amount equal to the interest or distribution declared ("Collateral Substitute Payment") in respect of such Collateral during the term of the related securities loan, BBH&CO BBH&Co. shall promptly remit or cause to be remitted such Collateral Substitute Payment on behalf of the Fund to the Approved Borrower in accordance with such Approved Borrower's instructions. BBH&CO BBH&Co. shall likewise remit, or cause to be remitted, to any Approved Borrower the applicable Cash Collateral Fee (as defined in the SLA) when due in accordance with the Approved Borrower's instructions.
Appears in 3 contracts
Samples: Securities Lending Agency Agreement (Krane Shares Trust), Securities Lending Agency Agreement (Heartland Group Inc), Securities Lending Agency Agreement (American Beacon Master Trust)
Income and Related Payments to Borrower. Where Collateral consists of securities and the Approved Borrower, pursuant to an SLA, is due to receive an amount equal to the interest or distribution declared ("“Collateral Substitute Payment"”) in respect of such Collateral during the term of the related securities loan, BBH&CO BBH&Co. shall promptly remit or cause to be remitted such Collateral Substitute Payment on behalf of the Fund to the Approved Borrower in accordance with such Approved Borrower's ’s instructions. BBH&CO BBH&Co. shall likewise remit, or cause to be remitted, to any Approved Borrower the applicable Cash Collateral Fee (as defined in the SLA) when due in accordance with the Approved Borrower's ’s instructions.
Appears in 3 contracts
Samples: Lending Agency Agreement (Pointbreak ETF Trust), Securities Lending Agency Agreement (USCF ETF Trust), Securities Lending Agency Agreement (American Beacon Funds)
Income and Related Payments to Borrower. Where Collateral consists of securities and the Approved Borrower, pursuant to an SLA, is due to receive an amount equal to the interest or distribution declared ("Collateral Substitute Payment") in respect of such Collateral during the term of the related securities loan, BBH&CO shall promptly remit or cause to be remitted such Collateral Substitute Payment on behalf of the Fund a Portfolio to the Approved Borrower in accordance with such Approved Borrower's instructions. BBH&CO shall likewise remit, or cause to be remitted, to any Approved Borrower the applicable Cash Collateral Fee (as defined in the SLA) when due in accordance with the Approved Borrower's instructions.
Appears in 1 contract
Samples: Securities Lending Agency Agreement (Nicholas Applegate Institutional Funds)
Income and Related Payments to Borrower. Where Collateral consists of securities and the Approved Borrower, pursuant to an SLA, is due to receive an amount equal to the interest or distribution declared ("“Collateral Substitute Payment"”) in respect of such said Collateral during the term of the related securities loanLoan, BBH&CO BBH&Co. shall promptly remit or cause to be remitted such said Collateral Substitute Payment on behalf of the Fund to the Approved Borrower in accordance with such said Approved Borrower's ’s instructions. BBH&CO BBH&Co. shall likewise remit, or cause to be remitted, to any Approved Borrower the applicable Cash Collateral Fee (as defined in the SLA) when due in accordance with the Approved Borrower's ’s instructions.
Appears in 1 contract
Samples: Securities Lending Agency Agreement (Catholic Responsible Investments Funds)
