No Collection Obligations. BGI shall be under no obligation or duty to take action to effect collection from the issuer of any amounts payable in respect of Securities or Approved Investments if the issuer of such Securities or Approved Investments is in default, or if payment is refused after due demand and presentation.
Appears in 9 contracts
Samples: Securities Lending Agency Agreement (iSHARES TRUST), Securities Lending Agency Agreement (iSHARES INC), Securities Lending Agency Agreement (Master Investment Portfolio)
No Collection Obligations. BGI shall be under no obligation or duty to take action to effect collection from the issuer of any amounts payable in respect of Securities or Approved Investments if the issuer of such Securities or Approved Investments is are in default, or if payment is refused after due demand and presentation.
Appears in 4 contracts
Samples: Securities Lending Agency Agreement (Barclays Global Investors Funds), Securities Lending Agency Agreement (Master Investment Portfolio), Securities Lending Agency Agreement (Ishares Inc)
