Income and Related Payments to Borrowers. Where Collateral consists of securities and the Borrower, pursuant to an MSLA, is due to receive an amount equal to the interest or distribution declared in respect of such Collateral during the term of the related securities loan, Lending Agent shall promptly remit or cause to be remitted such payment on behalf of each Participating Fund to the Borrower in accordance with such Borrower's instructions.
Appears in 6 contracts
Samples: Securities Lending Agency Agreement (Wells Fargo Funds Trust), Securities Lending Agency Agreement (Wells Fargo Master Trust), Securities Lending Agency Agreement (Wells Fargo Variable Trust)
