Common use of Loan of Securities Clause in Contracts

Loan of Securities. 1.1 Subject to the terms and conditions of this Agreement, either party hereto may initiate a transaction by telephone, mail, facsimile, e-mail, electronic message whereby Lender may, from time to time, lend securities to Borrower. The parties shall agree by telephone, mail, facsimile, e-mail, electronic message on the terms of each Loan, including the date of commencement of the Loan, the issuer of the securities, the description and amount of securities to be lent and the method and location of their delivery, the terms of compensation (including any applicable rebate), the Margin Percentage, and the type(s) and amount of Collateral to be transferred by Borrower and the method and location of their delivery, which terms may be amended during the Loan upon mutual agreement of the parties.

Appears in 4 contracts

Samples: Securities Lending Agency Agreement (Artisan Partners Funds Inc), Securities Loan Agreement (Thrivent Mutual Funds), Securities Loan Agreement (Thrivent Core Funds)

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