Common use of Limits on Return of Loaned Securities Clause in Contracts

Limits on Return of Loaned Securities. The Client acknowledges that, under the applicable SLA, Approved Borrowers will not be required to return loaned securities immediately upon receipt of notice from the Lending Agent terminating the applicable loan, but instead will be required to return such loaned securities within the earlier of (i) such period of time following such notice which is the standard settlement period for trades of the loaned securities entered into on the date of such notice in the principal market therefor, or from the giving of such notice or (ii) the third business day following such notice.

Limits on Return of Loaned Securities. The Client Fund acknowledges that, under the applicable SLA, Approved Borrowers will not be required to return loaned securities immediately upon receipt of notice from the Lending Agent BBH&Co. terminating the applicable loan, but instead will be required to return such loaned securities within the earlier of (i) such period of time following such notice which is equal to the earlier of (i) the standard settlement period for trades of the loaned securities entered into on the date of such notice in the principal market therefor, or (ii) five business days (as defined in the SLA) from the giving of such notice or (ii) the third business day following such notice.

Limits on Return of Loaned Securities. The Client Fund acknowledges that, under the applicable SLA, Approved Borrowers will not be required to return loaned securities immediately upon receipt of notice from the Lending Agent BBH&CO terminating the applicable loan, but instead will be required to return such loaned securities within the earlier of (i) such period of time following such notice which is equal to the earlier of (i) the standard settlement period for trades of the loaned securities entered into on the date of such notice in the principal market therefor, or (ii) five business days (as defined in the SLA) from the giving of such notice or (ii) the third business day following such notice.

Limits on Return of Loaned Securities. The Client Fund acknowledges that, under the applicable SLA, Approved Borrowers will not be required to return loaned securities Loaned Securities immediately upon receipt of notice from the Lending Agent BBH&Co. terminating the applicable loanLoan, but instead will be required to return said Loaned Securities within such loaned securities within period of time following said notice that is equal to the earlier of (i) such period of time following such notice which is the standard settlement period for trades of the loaned securities Loaned Securities entered into on the date of such said notice in the principal market therefor, or and (ii) five business days (as defined in the SLA) from the giving of such notice or (ii) the third business day following such said notice.