Common use of Recall of Loaned Securities Clause in Contracts

Recall of Loaned Securities. Upon receiving a notice from the Fund that Available Securities which have been lent to an Approved Borrower should no longer be considered Available Securities (whether because of the sale of such securities or otherwise), BBH&Co. shall (a) notify promptly thereafter the Approved Borrower which has borrowed such securities that the loan of such securities is terminated and that such securities are to be returned within the time specified by the applicable SLA, or (b) otherwise cause to be delivered to the Fund, at BBH&Co.’s discretion, an equivalent amount of such security if and to the extent available as a result of a loan of equivalent securities on behalf of other clients participating in BBH&Co.’s securities lending program (i.e., reallocation).

Recall of Loaned Securities. Upon receiving a notice from the Fund that Available Securities which have been lent to an Approved Borrower should no longer be considered Available Securities (whether because of the sale of such securities or otherwise), BBH&Co. BBH&CO shall (a) notify promptly thereafter the Approved Borrower which has borrowed such securities that the loan of such securities is terminated and that such securities are to be returned within the time specified by the applicable SLA, or (b) otherwise cause to be delivered to the Funddelivered, at BBH&Co.’s its discretion, an equivalent amount of such security if and such amount is available to the extent available as a result of a loan of equivalent securities on behalf be loaned from assets of other clients participating in BBH&Co.’s BBH&CO's securities lending program (i.e.program, reallocation)to the Fund.

Recall of Loaned Securities. Upon receiving a notice from the Fund that Available Securities which have been lent to an Approved Borrower should no longer be considered Available Securities (whether because of the sale of such securities or otherwise), BBH&Co. shall (a) notify promptly thereafter the Approved Borrower which has borrowed such securities that the loan of such securities is terminated and that such securities are to be returned within the time specified by the applicable SLA, or (b) otherwise cause to be delivered to the Fund, at BBH&Co.’s discretion, an equivalent amount of such security if and to the extent available as a result of a loan of equivalent securities on behalf of other clients participating in BBH&Co.’s 's securities lending program (i.e., reallocation).

Recall of Loaned Securities. Upon receiving a notice from the Fund that Available Securities which have been lent to an Approved Borrower should no longer be considered Available Securities (whether because of the sale of such securities or otherwise), BBH&Co. shall (a) notify promptly thereafter the Approved Borrower which has borrowed such securities that the loan of such securities is terminated and that such securities are to be returned within the time periods specified by the applicable SLAin Section 4.1 above, or (b) otherwise cause to be delivered to the Fund, at BBH&Co.’s discretion, an equivalent amount of such security if and to the extent available as a result of a loan of equivalent securities on behalf of other clients participating in BBH&Co.’s securities lending program (i.e., reallocation).

Recall of Loaned Securities. Upon receiving a notice from the Fund that Available Securities which that have been lent to an Approved Borrower should no longer be considered Available Securities (whether because of the sale of such said securities or otherwise), BBH&Co. shall (ai) notify promptly thereafter the Approved Borrower which has borrowed such securities said Loaned Securities that the loan Loan of such said securities is terminated and that such said securities are to be returned within the time specified by the applicable SLA, or (bii) otherwise cause to be delivered to the Fund, at BBH&Co.’s discretion, an equivalent amount of such said security if and to the extent available as a result of a loan of equivalent securities on behalf of other clients lenders participating in BBH&Co.’s securities lending program (i.e., reallocation).