Common use of Indemnification of Lender in respect of Distributions Clause in Contracts

Indemnification of Lender in respect of Distributions. If the Borrower in respect of any Loan effected pursuant hereto and pursuant to the applicable MSLA fails to deliver any non-cash Distributions with respect to Securities on Loan as and when requested to do so by Chase as provided in Section 5(f) hereof, Chase shall, (x) with respect to U.S. Securities at its option, credit such non-cash Distribution or an amount equivalent thereto to Lender's account on the date it is due, or (y) with respect to Foreign Securities at its option, either (i) purchase replacement securities (of an equal amount of the same issue, class, type or series as the Distribution) on the principal market in which such securities are traded or (ii) credit Lender's account, with the Market Value in Dollars of such Distributions on the due date as determined by Chase in good faith.