Market terminology. Notwithstanding the use of expressions such as “borrow”, “lend”, “Collateral”, “Margin” etc. which are used to reflect terminology used in the market for transactions of the kind provided for in this Agreement, title to Securities “borrowed” or “lent” and “Collateral” provided in accordance with this Agreement shall pass from one Party to another as provided for in this Agreement, the Party obtaining such title being obliged to deliver Equivalent Securities or Equivalent Collateral as the case may be.
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Samples: Global Master Securities Lending Agreement, Global Master Securities Lending Agreement, Global Master Securities Lending Agreement
Market terminology. Notwithstanding the use of expressions such as “"borrow”", “"lend”", “"Collateral”", “"Margin” ", "redeliver" etc. which are used to reflect terminology used in the market for transactions of the kind provided for in this Agreement, title to Securities “"borrowed” " or “"lent” " and “"Collateral” " provided in accordance with this Agreement shall pass from one Party to another as provided for in this Agreement, the Party obtaining such title being obliged to deliver redeliver Equivalent Securities or Equivalent Collateral as the case may be.
Appears in 3 contracts
Samples: Global Master Securities Lending Agreement, Securities Lending Agreement, Global Master Securities Lending Agreement (Siem Industries Inc.)
Market terminology. Notwithstanding the use of expressions such as “borrow”borrow , “lend”lend , “Collateral”Collateral , “Margin” Margin etc. which are used to reflect terminology reflectterminology used in the market for transactions of the kind provided for in this Agreement, title to Securities “borrowed” borrowed or “lent” lent and “Collateral” provided in accordance Collateral provideadccinordance with this Agreement shall pass from one Party to another as provided for in this Agreement, the Party obtaining such title being obliged to deliver Equivalent Securities or Equivalent Collateral as the case may be.
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