Securities Investor Protection Act. The parties acknowledge that: THE PROVISIONS OF THE SECURITIES INVESTOR PROTECTION ACT OF 1970 MAY NOT PROTECT THE LENDERS WITH RESPECT TO THE SECURITIES LOAN TRANSACTION AND THAT, THEREFORE, THE COLLATERAL DELIVERED BY THE BROKER OR DEALER, AS BORROWER, TO THE LENDERS MAY CONSTITUTE THE ONLY SOURCE OF SATISFACTION OF THE BROKER'S OR DEALER'S OBLIGATION IN THE EVENT THE BROKER OR DEALER FAILS TO RETURN THE SECURITIES.
Appears in 8 contracts
Samples: General Guarantee Agreement (Undiscovered Managers Funds), General Guarantee Agreement (Jp Morgan Fleming Mutual Fund Group Inc), General Guarantee Agreement (Jp Morgan Mutual Fund Investment Trust)
Securities Investor Protection Act. The parties acknowledge that: THE PROVISIONS OF THE SECURITIES INVESTOR PROTECTION ACT OF 1970 MAY NOT PROTECT THE LENDERS WITH RESPECT TO THE SECURITIES LOAN TRANSACTION AND THAT, THEREFORE, THE COLLATERAL DELIVERED BY THE BROKER OR DEALER, AS BORROWER, TO THE LENDERS MAY CONSTITUTE THE ONLY SOURCE OF SATISFACTION OF THE BROKER'S ’S OR DEALER'S ’S OBLIGATION IN THE EVENT THE BROKER OR DEALER FAILS TO RETURN THE SECURITIES.
Appears in 3 contracts
Samples: Securities Loan Agreement (JPMorgan Trust I), Securities Loan Agreement (Jpmorgan Insurance Trust), Securities Loan Agreement (Jpmorgan Trust Ii)
