Income and Related Payments to Fund. BBH&Co. shall instruct each Approved Borrower which is a party to an SLA to remit any payment in-lieu-of the interest or distribution declared on loaned securities (“Loan Substitute Payment”) which is (i) denominated in a currency other than United States dollars and (ii) denominated in United States dollars when the Loan Substitute Payment is not automatically distributed to the BBH&Co. depository account on behalf of the applicable Fund by the applicable depository, and BBH&Co. shall receive, hold and administer the same, for the account of such Fund. BBH&Co. shall also instruct each Approved Borrower which is a party to an SLA to remit any other fees payable on loaned securities to BBH&Co. for the account of the applicable Fund, and BBH&Co. shall receive, hold and administer the same for the account of such Fund. To the extent the Fund instructs BBH&CO to deliver such payments to a third party, the provisions of the Funds Transfer Standing Instruction (Schedule 9) shall apply.
Appears in 4 contracts
Samples: Securities Lending Agency Agreement (Touchstone Investment Trust), Securities Lending Agency Agreement (Touchstone Funds Group Trust), Securities Lending Agency Agreement (Touchstone Strategic Trust)
Income and Related Payments to Fund. BBH&Co. BBH&CO shall instruct each Approved Borrower which is a party to an SLA to remit any payment in-lieu-of the interest or distribution declared on loaned securities (“"Loan Substitute Payment”") which is (i) denominated in a currency other than United States U.S. dollars and (ii) denominated in United States U.S. dollars when the Loan Substitute Payment is not automatically distributed to the BBH&Co. BBH&CO depository account on behalf of the applicable Fund by the applicable depository, and BBH&Co. BBH&CO shall receive, hold and administer the same, for the account of such the Fund. BBH&Co. BBH&CO shall also instruct each Approved Borrower which is a party to an SLA to remit any other fees payable on loaned securities to BBH&Co. BBH&CO for the account of the applicable Fund, and BBH&Co. BBH&CO shall receive, hold and administer the same for the account of such the Fund. To the extent the Fund instructs BBH&CO to deliver such payments to a third party, the provisions of the Funds Transfer Standing Instruction (Schedule 9) shall apply.
Appears in 4 contracts
Samples: Securities Lending Agency Agreement (Touchstone Strategic Trust), Securities Lending Agency Agreement (Touchstone Variable Series Trust), Securities Lending Agency Agreement (Touchstone Investment Trust)
Income and Related Payments to Fund. BBH&Co. shall instruct each Approved Borrower which is a party to an SLA to remit any payment in-lieu-of the interest or distribution declared on loaned securities (“Loan Substitute Payment”) which is (i) denominated in a currency other than United States U.S. dollars and (ii) denominated in United States U.S. dollars when the Loan Substitute Payment is not automatically distributed to the BBH&Co. depository account on behalf of the applicable Fund by the applicable depository, and BBH&Co. shall receive, hold and administer the same, for the account of such the Fund. BBH&Co. shall also instruct each Approved Borrower which is a party to an SLA to remit any other fees payable on loaned securities to BBH&Co. for the account of the applicable Fund, and BBH&Co. shall receive, hold and administer the same for the account of such the Fund. To the extent the Fund instructs BBH&CO to deliver such payments to a third party, the provisions of the Funds Transfer Standing Instruction (Schedule 9) shall apply.
Appears in 2 contracts
Samples: Lending Agency Agreement (Pointbreak ETF Trust), Securities Lending Agency Agreement (USCF ETF Trust)
Income and Related Payments to Fund. BBH&Co. shall instruct each Approved Borrower which is a party to an SLA to remit any payment in-lieu-of the interest or distribution declared on loaned securities (“"Loan Substitute Payment”") which is (i) denominated in a currency other than United States U.S. dollars and (ii) denominated in United States U.S. dollars when the Loan Substitute Payment is not automatically distributed to the BBH&Co. depository account on behalf of the applicable Fund by the applicable depository, and BBH&Co. shall receive, hold and administer the same, for the account of such the Fund. BBH&Co. shall also instruct each Approved Borrower which is a party to an SLA to remit any other fees payable on loaned securities to BBH&Co. for the account of the applicable Fund, and BBH&Co. shall receive, hold and administer the same for the account of such the Fund. To the extent the Fund instructs BBH&CO to deliver such payments to a third party, the provisions of the Funds Transfer Standing Instruction (Schedule 9) shall apply.
Appears in 2 contracts
Samples: Securities Lending Agency Agreement (Japan Fund Inc), Securities Lending Agency Agreement (American Beacon Master Trust)
Income and Related Payments to Fund. BBH&Co. shall instruct each Approved Borrower which is a party to an SLA to remit any payment in-lieu-of the interest or distribution declared on loaned securities (“Loan Substitute Payment”) which is (i) denominated in a currency other than United States U.S. dollars and (ii) denominated in United States U.S. dollars when the Loan Substitute Payment is not automatically distributed to the BBH&Co. depository account on behalf of the applicable Fund by the applicable depository, and BBH&Co. shall receive, hold and administer the same, for the account of such the Fund. BBH&Co. shall also instruct each Approved Borrower which is a party to an SLA to remit any other fees payable on loaned securities to BBH&Co. for the account of the applicable Fund, and BBH&Co. shall receive, hold and administer the same for the account of such the Fund. To the extent the Fund instructs BBH&CO to deliver such payments to a third party, the provisions of the Funds Transfer Standing Instruction (Schedule 9) shall apply.
Appears in 1 contract
Samples: Securities Lending Agency Agreement (American Beacon Funds)
