Securities Lending Activity Clause Samples

Securities Lending Activity. To the extent that any Fund engages in securities lending, Primary Sub-Adviser shall provide the following services with respect to securities lending activities on behalf of such Fund: (i) assist the securities lending agent for each such Fund (the "Agent") to determine which securities are available for loan, (ii) monitor the Agent's activities to ensure that securities loans are effected in accordance with Primary Sub-Adviser's instructions and in accordance with applicable procedures and guidelines adopted by the Trustees, (iii) prepare appropriate periodic reports for, and seek appropriate periodic approvals from, the Trustees with respect to securities lending activities, (iv) respond to Agent inquiries concerning Agent's activities, and (v) such other related duties as may be necessary or appropriate.