Maintenance of Collateral Margin. In respect of loans of securities entered into on behalf of the Client, the Lending Agent will value on a daily basis under policies consistent with the valuation policies of the Client, in accordance with the applicable SLA, the loaned securities and all Collateral and, where applicable, the Lending Agent shall, in accordance with the provisions of the applicable SLA, request the Approved Borrower to deliver sufficient additional Collateral to the Client by 12:00 noon on the next business day to satisfy the applicable margin requirement. If, as a result of marking-to-market, Collateral is required to be returned to the Approved Borrower under the SLA, the Lending Agent will return such Collateral to the Approved Borrower.
Maintenance of Collateral Margin. In respect of loans of securities entered into on behalf of the Fund, BBH&CO will value on a daily basis, in accordance with the applicable SLA, the loaned securities and all Collateral and, where applicable, BBH&CO shall, in accordance with the provisions of the applicable SLA, request the Approved Borrower to deliver sufficient additional Collateral to the Fund to satisfy the applicable margin requirement. If, as a result of marking-to-market, Collateral is required to be returned to the Approved Borrower under the SLA, BBH&CO will timely return such Collateral to the Approved Borrower. BBH&CO is authorized in respect of any securities loan or loans to consent to any adjustment in the amount available to be drawn under any letter of credit in order to satisfy any requirement under an SLA to return excess Collateral to Approved Borrower as a result of marking-to-market.
Maintenance of Collateral Margin. In respect of loans of securities entered into on behalf of a Participating Fund, Lending Agent will xxxx-to-market on a daily basis, in accordance with the applicable MSLA, the loaned securities and all Collateral and, where applicable, Lending Agent shall, in accordance with the provisions of the applicable MSLA, request the Borrower to deliver sufficient additional Collateral to a Participating Fund to satisfy the applicable Collateral requirement. With respect to loans involving domestic securities, Collateral shall be remarked to 102% of the market value of the securities loaned (including any accrued interest). With respect to loans involving foreign securities, Collateral shall be remarked to 105% of the market value of the securities loaned (including any accrued interest). With respect to loans of U.S. Government Securities, Collateral shall be remarked to 102% of market value only if the market value of such Collateral falls below 100% of the market value of the securities loaned (including any accrued interest). If, as a result of marking-to-market, Collateral is required to be returned to the Borrower under the MSLA, Lending Agent will timely return such Collateral to the Borrower. Lending Agent is authorized to consent to any adjustment in the amount available to be drawn under any letter of credit in order to satisfy any requirement under an MSLA to return excess Collateral to a Borrower as a result of marking-to-market.
Maintenance of Collateral Margin. In respect of loans of securities entered into on behalf of the Fund, BBH&Co. will value on a daily basis, in accordance with the applicable SLA, the loaned securities and all Collateral and BBH&Co. shall, in accordance with the provisions of the applicable SLA, request the Approved Borrower to deliver sufficient additional Collateral to the Fund to satisfy the applicable Margin Percentage. If, as a result of marking-to-market, Collateral is required to be returned to the Approved Borrower under the SLA, BBH&Co. will take such actions as are reasonably necessary to liquidate investments of cash Collateral and otherwise return such Collateral to the Approved Borrower. BBH&Co. is authorized in respect of any securities loan or loans to consent to any adjustment in the amount available to be drawn under any letter of credit in order to satisfy any requirement under an SLA to return excess Collateral to the Approved Borrower as a result of marking-to-market.
Maintenance of Collateral Margin. In respect of loans of securities entered into on behalf of the Fund, BBH&Co. will value on a daily basis, in accordance with the applicable SLA, the loaned securities and all Collateral and, where applicable, BBH&Co. shall, in accordance with the provisions of the applicable SLA, request the Approved Borrower to deliver sufficient additional Collateral to the Fund to satisfy the applicable margin requirement. If, as a result of marking-to-market, Collateral is required to be returned to the Approved Borrower under the SLA, BBH&Co. will timely return such Collateral to the Approved Borrower.
Maintenance of Collateral Margin. In respect of loans of securities entered into on behalf of the Fund, BBH&Co. will value on a daily basis, in accordance with the applicable SLA, the loaned securities and all Collateral and, where applicable, BBH&Co. shall, in accordance with the provisions of the applicable SLA, request the Approved Borrower to deliver sufficient additional Collateral to the Fund to satisfy the Collateral Requirement. If, as a result of marking-to-market, Collateral is required to be returned to the Approved Borrower under the SLA, BBH&Co. will take such actions as are reasonably necessary to liquidate investments of cash Collateral and otherwise return such Collateral to the Approved Borrower. BBH&Co, in determining the market value of securities, including without limitation collateral, may rely upon any recognized pricing service and shall not be liable for errors made by such service.
Maintenance of Collateral Margin. In respect of loans of securities entered into on behalf of the Fund, BBH&Co. will value on a daily basis, in accordance with the applicable SLA, the loaned securities and all Collateral and, where applicable, BBH&Co. shall, in accordance with the provisions of the applicable SLA, request the Approved Borrower to deliver sufficient additional Collateral to the Fund to satisfy the applicable margin requirement. If, as a result of marking-to-market, Collateral is required to be returned to the Approved Borrower under the SLA, BBH&Co. will take such actions as are reasonably necessary to liquidate investments of cash Collateral and otherwise return such Collateral to the Approved Borrower. BBH&Co., in determining the market value of Securities, including without limitation collateral, may rely upon any recognized pricing service and shall not be liable for errors made by such service. BBH&Co. is authorized in respect of any securities loan or loans to consent to any adjustment in the amount available to be drawn under any letter of credit in order to satisfy any requirement under an SLA to return excess Collateral to the Approved Borrower as a result of marking-to-market.
Maintenance of Collateral Margin. In respect of loans of securities entered into on behalf of the Fund, QA LLC will value on a daily basis, in accordance the applicable SLA, the loaned securities and all Collateral and, where applicable, QA LLC shall, in accordance with the provisions of the applicable SLA, request the Approved Borrower to deliver sufficient additional Collateral to the Fund to satisfy the applicable margin requirement. If, as a result of marking-to-market, Collateral is required to be returned to the Approved Borrower under the SLA, QA LLC will, without notice to the Fund and without obtaining any further approval from the Fund, return such Collateral to the Approved Borrower.
Maintenance of Collateral Margin. In respect of loans of securities entered into on behalf of a Participating Fund, Lending Agent will xxxx-to-market on a daily basis, in accordance with the applicable MSLA, the loaned securities and all Collateral and, where applicable, Lending Agent shall, in accordance with the provisions of the applicable MSLA, request the Borrower to deliver sufficient additional Collateral to a Participating Fund to satisfy the
Maintenance of Collateral Margin
