Purpose of Loan/Status of Borrower. Borrower represents to and warrants to Lender (1) that the Securities borrowed by it are being used only for lawful purposes and (2) that it is either (i) a bank subject to U.S. federal or state supervision; (ii) a broker-dealer registered under the Securities Exchange Act of 1934, as amended (the “Act”), or (iii) exempt from registration under Section 15(a)(1) of the Act as a dealer in Government Securities.
Appears in 2 contracts
Samples: Securities Lending Agency Agreement (Barclays Global Investors Funds), Securities Lending Agency Agreement (Master Investment Portfolio)
Purpose of Loan/Status of Borrower. Borrower represents to and warrants to Lender (1) that the Securities borrowed by it are being used only for lawful purposes and (2) that it is either (i) a bank subject to U.S. federal or state supervision; , (ii) a broker-dealer registered under the Securities Exchange Act of 1934, as amended (the “"Act”"), or (iii) exempt from registration under Section 15(a)(1) of the Act as a dealer in Government Securities.
Appears in 1 contract
Samples: Letter Agreement (Ishares Trust)
Purpose of Loan/Status of Borrower. Borrower represents to and warrants to Lender (1) that the Securities borrowed by it are being used only for lawful purposes and (2) that it is either (i) a bank subject to U.S. federal or state supervision; , (ii) a broker-dealer registered under the Securities Exchange Act of 1934, as amended (the “"Act”"), or (iii) exempt from registration under Section 15(a)(1) of the Act as a dealer in Government Securities.
Appears in 1 contract
Samples: Letter Agreement (Ishares Trust)
