Common use of Rights of Borrower in Respect of the Loaned Securities Clause in Contracts

Rights of Borrower in Respect of the Loaned Securities. Except as set forth in Sections 7.1 and 7.2 and as otherwise agreed by Borrower and Lender, until Loaned Securities are required to be redelivered to Lender upon termination of a Loan hereunder, Borrower shall have all of the incidents of ownership of the Loaned Securities, including the right to transfer the Loaned Securities to others. Lender hereby waives the right to vote, or to provide any consent or to take any similar action with respect to, the Loaned Securities in the event that the record date or deadline for such vote, consent or other action falls during the term of the Loan.

Appears in 18 contracts

Samples: Master Securities Loan Agreement, Securities Lending Agreement (One Group Investment Trust), Securities Lending Management Agreement (American Aadvantage Funds)

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Rights of Borrower in Respect of the Loaned Securities. Except as set forth in Sections 7.1 and 7.2 and as otherwise agreed in writing by Borrower and Lender, until Loaned Securities are required to be redelivered to Lender upon termination of a Loan hereunderthe Loan, Borrower shall have all of the rights and incidents of ownership of the Loaned Securities, including the right to transfer the Loaned Securities to others. Lender hereby waives the right to vote, or to provide any consent or to take any similar action with respect to, the Loaned Securities in the event that the record date or deadline for such vote, consent or other action falls during the term of the Loan.

Appears in 4 contracts

Samples: Securities Loan Agreement (UTi WORLDWIDE INC), Securities Loan Agreement (UTi WORLDWIDE INC), Securities Loan Agreement (UTi WORLDWIDE INC)

Rights of Borrower in Respect of the Loaned Securities. Except as set forth in Sections 7.1 and 7.2 Section 7 and as otherwise agreed to by Borrower and LenderAgent, until Loaned Securities are required to be redelivered to Lender Agent upon termination of a Loan hereunder, Borrower shall have all of the incidents of ownership of the Loaned Securities, including the right to transfer the Loaned Securities to others. Lender Agent hereby waives the right to vote, or to provide any consent or to take any similar action with respect to, the Loaned Securities in the event that the record date or deadline for such vote, consent or other action falls during the term of the Loan.

Appears in 2 contracts

Samples: Securities Lending Agency Agreement (Heartland Group Inc), Securities Lending Agency Agreement (American Beacon Funds)

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Rights of Borrower in Respect of the Loaned Securities. 6.1 Except as set forth in Sections 7.1 and 7.2 and as otherwise agreed by Borrower and Lender, until Loaned Securities are required to be redelivered to Lender upon termination of a Loan hereunder, Borrower shall have all of the incidents of ownership of the Loaned Securities, including the right to transfer the Loaned Securities to others. Lender hereby waives the right to vote, or to provide any consent or to take any similar action with respect to, the Loaned Securities in the event that the record date or deadline for such vote, consent or other action falls during the term of the Loan.

Appears in 1 contract

Samples: Master Securities Loan Agreement (Pain Therapeutics Inc)

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