Receipt of Collateral. In respect of the commencement of any loan, BBH&CO shall instruct the Approved Borrower to transfer to BBH&CO the required Collateral (except for letters of credit which shall be transferred to and received, held and administered by BBH&CO as provided above). Collateral will be received from an Approved Borrower prior to or simultaneous with delivery of securities loaned. If the Approved Borrower does not provide Collateral to BBH&CO, as previously agreed, then BBH&CO will cancel the corresponding loan instruction prior to delivery.
Appears in 5 contracts
Samples: Securities Lending Agency Agreement (Nicholas Applegate Institutional Funds), Securities Lending Agency Agreement (Touchstone Institutional Funds Trust), Securities Lending Agency Agreement (Touchstone Investment Trust)
Receipt of Collateral. In respect of the commencement of any loan, BBH&CO BBH&Co. shall instruct the Approved Borrower to transfer to BBH&CO BBH&Co. the required Collateral (except for letters of credit which shall be transferred to and received, held and administered by BBH&CO BBH&Co. as provided above). Collateral will be received from an Approved Borrower prior to or simultaneous with delivery of securities loaned. If the Approved Borrower does not provide Collateral to BBH&COBBH&Co., as previously agreed, then BBH&CO BBH&Co. will cancel the corresponding loan instruction prior to delivery.
Appears in 4 contracts
Samples: Securities Lending Agency Agreement (Touchstone Investment Trust), Securities Lending Agency Agreement (Touchstone Funds Group Trust), Securities Lending Agency Agreement (Touchstone Strategic Trust)
Receipt of Collateral. In respect of the commencement of any loan, BBH&CO BBH&Co. shall instruct the Approved Borrower to transfer to BBH&CO BBH&Co. the required Collateral (except for letters of credit which shall be transferred to and received, held and administered by BBH&CO as provided above)Collateral. Collateral will be received from an Approved Borrower prior to or simultaneous with delivery of securities loaned. If the Approved Borrower does not provide Collateral to BBH&COBBH&Co., as previously agreed, then BBH&CO BBH&Co. will cancel the corresponding loan instruction prior to delivery.
Appears in 4 contracts
Samples: Securities Lending Agency Agreement (Krane Shares Trust), Securities Lending Agency Agreement (American Beacon Funds), Securities Lending Agency Agreement (Japan Fund Inc)
Receipt of Collateral. In respect of the commencement of any loan, BBH&CO BBH&Co. shall instruct the Approved Borrower to transfer to BBH&CO BBH&Co. (or, in the case of third party lending, the Fund’s custodian, as applicable) the required Collateral (except for letters of credit which shall be transferred to and received, held and administered by BBH&CO BBH&Co. as provided above). Collateral will be received from an Approved Borrower prior to or simultaneous with delivery of securities loaned. If the Approved Borrower does not provide Collateral to BBH&COBBH&Co., as previously agreed, then BBH&CO BBH&Co. will cancel the corresponding loan instruction prior to delivery.
Appears in 2 contracts
Samples: Lending Agency Agreement (Pointbreak ETF Trust), Securities Lending Agency Agreement (USCF ETF Trust)
Receipt of Collateral. In respect of the commencement of any loan, BBH&CO BBH&Co. shall instruct the Approved Borrower to transfer to BBH&CO BBH&Co. (or, in the case of third party lending, the Fund's custodian, as applicable) the required Collateral (except for letters of credit which shall be transferred to and received, held and administered by BBH&CO BBH&Co. as provided above). Collateral will be received from an Approved Borrower prior to or simultaneous with delivery of securities loaned. If the Approved Borrower does not provide Collateral to BBH&COBBH&Co., as previously agreed, then BBH&CO BBH&Co. will cancel the corresponding loan instruction prior to delivery.
Appears in 1 contract
Samples: Securities Lending Agency Agreement (Heartland Group Inc)
Receipt of Collateral. In respect of the commencement of any loanLoan, BBH&CO BBH&Co. shall instruct the Approved Borrower to transfer to BBH&CO BBH&Co. (or, in the case of third party lending, the Fund’s custodian, as applicable) the required Collateral (except for letters of credit which shall be transferred to and received, held and administered by BBH&CO as provided above)Collateral. Collateral will be received from an Approved Borrower prior to or simultaneous with delivery of securities loanedthe Loaned Securities. If the Approved Borrower does not provide Collateral to BBH&COBBH&Co., as previously agreed, then BBH&CO will BBH&Co. shall cancel the corresponding loan instruction prior to deliverydelivery of the Loaned Securities.
Appears in 1 contract
Samples: Securities Lending Agency Agreement (Catholic Responsible Investments Funds)
Receipt of Collateral. In respect of the commencement of any loan, BBH&CO BBH&Co. shall instruct the Approved Borrower to transfer to BBH&CO BBH&Co. (or, in the case of third party lending, the Fund’s custodian, as applicable) the required Collateral (except for letters of credit which shall be transferred to and received, held and administered by BBH&CO as provided above)Collateral. Collateral will be received from an Approved Borrower prior to or simultaneous with delivery of securities loaned. If the Approved Borrower does not provide Collateral to BBH&COBBH&Co., as previously agreed, then BBH&CO BBH&Co. will cancel the corresponding loan instruction prior to delivery.
Appears in 1 contract
