Loan Collateral. For each loan of securities, the Approved Borrower shall pledge as collateral any of the following items: (a) cash in U.S. dollars or foreign currency (“Cash Collateral”) or (b) securities issued or fully guaranteed by the United States government or any agencies or instrumentalities thereof (“Non-Cash Collateral” and, collectively with Cash Collateral, “Collateral”) having a market value (as determined by the Lending Agent pursuant to the applicable SLA) at least equal to the market value of the loaned securities (as determined by the Lending Agent pursuant to the applicable SLA); plus such other collateral as may be then permitted by applicable law, regulation and/or interpretation, and the Securities Lending Guidelines.
Appears in 23 contracts
Samples: Lending Agency Agreement, Tender and Paying Agent Agreement (Blackrock Muniyield New Jersey Fund, Inc.), VRDP Shares Purchase Agreement (Blackrock Municipal Income Investment Trust)
Loan Collateral. For each loan of securities, the Approved Borrower shall pledge as collateral any of the following items: (a) cash in U.S. dollars or foreign currency (“Cash Collateral”) or (b) securities issued or fully guaranteed by the United States government or any agencies or instrumentalities thereof (“Non-Cash Collateral” and, collectively with Cash Collateral, “Collateral”) having a market value (as determined detennined by the Lending Agent pursuant to the applicable SLA) at least equal to the market value of the ofthe loaned securities (as determined detennined by the Lending Agent pursuant to the applicable SLA); plus such other collateral as may be then permitted pennitted by applicable law, regulation and/or interpretation, and the Securities Lending Guidelines.
Appears in 3 contracts
Samples: Securities Lending Agency Agreement (BlackRock Multi-Sector Opportunities Trust II), Securities Lending Agency Agreement (BlackRock Fixed Income Value Opportunities II), Securities Lending Agency Agreement (BlackRock 2022 Global Income Opportunity Trust)
Loan Collateral. For each loan of securities, the Approved Borrower shall pledge as collateral any of the following items: (a) cash in U.S. dollars or foreign currency (“"Cash Collateral”") or (b) securities issued or fully guaranteed by the United States government or any agencies or instrumentalities thereof (“"Non-Cash Collateral” " and, collectively with Cash Collateral, “"Collateral”") having a market value (as determined by the Lending Agent pursuant to the applicable SLA) at least equal to the market value of the loaned securities (as determined by the Lending Agent pursuant to the applicable SLA); plus such other collateral as may be then permitted by applicable law, regulation and/or interpretation, and the Securities Lending Guidelines.
Appears in 1 contract
Samples: Securities Lending Agency Agreement (Merrill Lynch Ready Assets Trust)
