Securities Loan Agreements. Each Fund authorizes State Street to enter into one or more Securities Loan Agreements with such Borrowers as may be selected by State Street. Each Securities Loan Agreement shall have such terms and conditions as State Street may negotiate with the Borrower. Certain terms of individual Loans, including rebate fees to be paid to the Borrower for the use of cash Collateral, shall be negotiated at the time a Loan is made.
Securities Loan Agreements. Each Fund authorizes State Street to enter into one or more Securities Loan Agreements with such Borrowers as may be selected by State Street from Schedule D. Each Securities Loan Agreement shall have such terms and conditions as State Street may negotiate with the Borrower; provided, however, that the terms and conditions of Loans thereunder respecting Available Securities of the Funds shall be consistent with the terms hereof and that, unless agreed otherwise by a Fund, each such Securities Loan Agreement shall have such terms and conditions as are necessary to cause any Loan thereunder to be treated as a transaction to which section 1058 of the Internal Revenue Code of 1986, as amended (the “Code”) applies and to cause any payments with respect to such Loans to constitute “payments with respect to securities loans” as defined in section 512(a)(5) of the Code. Certain terms of individual Loans, including the Rebate to be paid to the Borrower for the use of cash Collateral, shall be negotiated at the time a Loan is made.
Securities Loan Agreements. Each Lender fully understands and agrees that GSAL intends to execute or cause to be executed an SLA (in substantially the form of Schedule 3) as Lender's agent on a disclosed basis with each borrower, and Lender hereby approves such form of SLA. Each Lender understands and agrees that GSAL may revise, without notice to Lender, the terms of any SLA with any borrower as GSAL deems necessary or appropriate, in its discretion, for the effectuation of any transaction contemplated hereby or thereby, except that GSAL shall not agree to revise any terms that materially limit or restrict the Lender’s rights and remedies including, but not limited to, Lender’s rights to and security interest in Collateral, the Lender’s rights to payments in lieu of distributions, the Lender’s rights or remedies in the event of default, the borrower’s obligation to deliver initial or additional Collateral to satisfy the Margin Percentage, or the Margin Percentage as specified in this Agreement and defined in such SLA. Lender also agrees to make available to GSAL its most recent annual and semi-annual shareholder reports (which shall include its recent financial statements) to enable GSAL to comply with any request therefor by a borrower in connection with any SLA by making such reports available to GSAL and the borrower via the Lenders’ website at xxx.xxxxxxxxxxxxx.xxx or, in the event that such shareholder reports are not available at xxx.xxxxxxxxxxxxx.xxx, by furnishing copies of such shareholder reports to GSAL.
Securities Loan Agreements. Each Fund authorizes State Street to enter into one or more Securities Loan Agreements with such Borrowers as may be selected by State Street. Each Securities Loan Agreement shall have such terms and conditions as State Street may negotiate with the Borrower. Certain terms of individual Loans, including rebate fees to be paid to the Borrower for the use of cash Collateral, shall be negotiated at the time a Loan is made. A form of the Securities Loan Agreement provided to U.S. domiciled Borrowers that want to borrow U.S. Government Securities is attached hereto as Exhibit 5. Copies of other forms of Securities Loan Agreements to be entered into between State Street and Borrowers shall be provided promptly to a Fund upon its request. State Street agrees not to revise such form in any way that is material or adverse to the interests of the Funds.
Securities Loan Agreements. Each Fund authorizes State Street to enter into one or more Securities Loan Agreements with such Borrowers as may be selected by State Street. Each Securities Loan Agreement shall have such terms and conditions as State Street may negotiate with the Borrower. State Street shall use reasonable efforts to negotiate Securities Loan Agreements to be not materially adverse from applicable market standard agreements (including without limitation the SIFMA/BMA Master Securities Loan Agreement 2000 version and the ISLA Global Master Securities Loan Agreement 2000 version). Certain terms of individual Loans, including rebate fees to be paid to the Borrower for the use of cash Collateral, shall be negotiated at the time a Loan is made. State Street agrees to provide a Fund a confidential copy of any Securities Loan Agreement with any Borrower upon request.
Securities Loan Agreements. Each Fund authorizes State Street to enter into one or more Securities Loan Agreements with such Borrowers as may be selected by State Street. Each Securities Loan Agreement shall have such terms and conditions as State Street may negotiate with the Borrower. Certain terms of individual Loans, including rebate fees to be paid to the Borrower for the use of cash Collateral, shall be negotiated at the time a Loan is made. Attached hereto as Exhibit B is/are the form(s) of Securities Loan Agreement(s) for use with respect to each Borrower. State Street agrees that is will not make changes to such forms that would have a material and adverse effect to its clients other than changes that it is required to make by law or regulatory bodies and in such event State Street will notify the Funds of such changes. The Funds may elect to terminate any Borrower (including State Street or State Street Affiliates) applicable to it from the schedule of Borrowers if they oppose a proposed material and adverse change or amendment.
Securities Loan Agreements. The Client authorizes State Street to enter into one or more Securities Loan Agreements with such Borrowers as may be selected by State Street. Each Securities Loan Agreement shall have such terms and conditions as State Street may negotiate with the Borrower. Certain terms of individual Loans, including rebate fees to be paid to the Borrower for the use of cash Collateral, shall be negotiated at the time a Loan is made. The terms of each Loan shall be commercially reasonable and consistent with the terms of this Agreement. The forms of State Street’s Securities Loan Agreements are attached hereto as Exhibit 5.1. At the reasonable request of the Client, State Street shall provide to the Client for its review any executed Securities Loan Agreement.
Securities Loan Agreements. Each Fund authorizes State Street to enter into one or more Securities Loan Agreements, subject to the Lending Restrictions set forth on Schedule E hereto, with such Borrowers as may be selected by State Street and as set forth on Schedule D hereto. Each Securities Loan Agreement shall have such terms and conditions as State Street may negotiate with the Borrower, such terms and conditions being consistent with this Agreement. Certain terms of individual Loans, including rebate fees to be paid to the Borrower for the use of cash Collateral, shall be negotiated at the time a Loan is made but must be consistent with the provisions of this Agreement. The Fund agrees that the authorization provided hereunder includes the authority to enter into Securities Loan Agreements with Borrowers subject to special resolution regime laws and regulations as described in the attached Exhibit A.
Securities Loan Agreements. Each Fund authorizes State Street to enter into one or more Securities Loan Agreements with such Borrowers as may be selected by State Street. Each Securities Loan Agreement shall have such terms and conditions as State Street may negotiate with the Borrower, although State Street shall use reasonable efforts to negotiate each Securities Loan Agreement to not be materially adverse from State Street’s form agreements (which forms may be made available to the Trust on reasonable request). Certain terms of individual Loans, including rebate fees to be paid to the Borrower for the use of cash Collateral, shall be negotiated at the time a Loan is made. Upon reasonable request and Fund’s execution of a mutually agreeable confidentiality agreement, State Street agrees to provide a Fund a confidential copy of any Securities Loan Agreement with any Borrower upon request.
Securities Loan Agreements. The Funds authorize State Street to enter into one or more Securities Loan Agreements with such Borrowers identified on the Schedule of Borrowers as may be selected by State Street. Subject to the terms of this Agreement, each Securities Loan Agreement shall have such terms and conditions as State Street may negotiate with the Borrower; however, certain terms of individual loans, including rebate fees to be paid to the Borrower for the use of cash Collateral, shall be negotiated at the time a loan is made. A form of the Securities Loan Agreement is attached hereto as Exhibit III. State Street represents to the Fund that clause 9.3 (cross-default/cross-collateralization provision) and clause 12 (indemnification provision) in Exhibit III is not subject to negotiation with its Borrowers.
