Income and Related Payments to Participating Funds. Lending Agent shall instruct each Borrower that is a party to an MSLA to remit to Lending Agent for the account of the Participating Fund any interest or distribution declared on loaned securities including, but not limited to, all cash dividends, stock dividends, stock splits, rights of distribution, conversion privileges, tender and exchange offers, and similar corporate actions. Lending Agent shall receive, hold and administer the same, for the account of the Participating Fund. Lending Agent shall also instruct each Borrower that is a party to an MSLA to remit to Lending Agent for the account of the Participating Fund any other fees payable on loaned securities, and Lending Agent shall receive, hold and administer the same for the account of the Participating Fund.
Appears in 6 contracts
Samples: Securities Lending Agency Agreement (Wells Fargo Master Trust), Securities Lending Agency Agreement (Wells Fargo Variable Trust), Securities Lending Agency Agreement (Wells Fargo Master Trust)
