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 X.X. Xxxxxx | 8 Annex 1 to Exhibit A to Securities Lending Agency Agreement 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.
Appears in 9 contracts
Samples: Global Securities Lending Agency Agreement (JPMorgan Institutional Trust), Global Securities Lending Agency Agreement (JPMorgan Institutional Trust), Global Securities Lending Agency Agreement (Jpmorgan Insurance Trust)
