Non-Cash Distributions. With respect to Securities on Loan, Bank need not claim any Non-Cash Distribution thereon from the Borrower thereof or from the Agent, and Bank shall credit the same to the Account only upon its actual receipt thereof (and Bank shall not accrue the same). Lender acknowledges that if, and only if, Lender holds a Security in custody which is the same as the Security on Loan, Bank shall advise Lender (but not the Agent) of Non-Cash Distributions on such Security on Loan to the same extent it would under the Custody Agreement and, subject to subparagraph (d) below, Lender may provide the contents of such advice to Agent.
Appears in 12 contracts
Samples: Third Party Securities Lending Agreement (Undiscovered Managers Funds), Third Party Securities Lending Agreement (Jp Morgan Fleming Mutual Fund Group Inc), Third Party Securities Lending Agreement (Jp Morgan Mutual Fund Investment Trust)
