Securities Loans. Upon receipt of Proper Instructions, the Custodian shall, in connection with loans of securities by a Portfolio, deliver securities of such Portfolio to the borrower thereof prior to receipt of the collateral, if any, for such borrowing; provided that, in cases of loans of securities secured by cash collateral, the Custodian's instructions to the Securities System shall require that the Securities System deliver the securities of the Portfolio to the borrower thereof only upon receipt of the collateral for such borrowing. Upon receipt of Proper Instructions, the Custodian shall release the collateral received in respect of a loan of securities to the borrower against receipt of the loaned securities.
Appears in 92 contracts
Samples: Custodian Agreement (Fidelity Salem Street Trust), Custodian Agreement (Fidelity Financial Trust), Custodian Agreement (Fidelity Securities Fund)
Securities Loans. Upon receipt of Proper Instructions, the Custodian shall, in connection with loans of securities by a Portfoliothe Fund, deliver securities of such Portfolio the Fund to the borrower thereof and may, except as otherwise provided below, deliver such securities prior to receipt of the collateral, if any, for such borrowing; provided that, in cases of loans of securities secured by cash collateral, the Custodian's instructions to the Securities System shall require that the Securities System deliver the securities of the Portfolio Fund to the borrower thereof only upon receipt of the collateral for such borrowing. The Custodian shall retain on the Fund's behalf the right to any dividends, interest or distribution on such loaned securities and any other rights specified in Proper Instructions. Upon receipt of Proper InstructionsInstructions and the loaned securities, the Custodian shall will release the collateral received in respect of a loan of securities to the borrower against receipt of the loaned securitiesborrower.
Appears in 63 contracts
Samples: Custodian Agreement (Ivy Funds Inc), Custodian Agreement (W&r Target Funds Inc), Custodian Agreement (Waddell & Reed Advisors Select Funds Inc)
Securities Loans. Upon receipt of Proper Instructions, the Custodian shall, in connection with loans of securities by a Portfolio, deliver securities of such Portfolio to the borrower thereof prior to receipt of the collateral, if any, for such borrowing; provided that, in cases of loans of securities secured by cash collateral, the Custodian's ’s instructions to the Securities System shall require that the Securities System deliver the securities of the Portfolio to the borrower thereof only upon receipt of the collateral for such borrowing. Upon receipt of Proper Instructions, the Custodian shall release the collateral received in respect of a loan of securities to the borrower against receipt of the loaned securities.
Appears in 8 contracts
Samples: Custodian Agreement (Fidelity Private Credit Fund), Custodian Agreement (Fidelity Greenwood Street Trust), Custodian Agreement (North Carolina Capital Management Trust)
Securities Loans. Upon receipt of Proper Instructions, the Custodian shall, in connection with loans of securities Securities by the Client on behalf of a PortfolioPortfolio or its Securities lending agent, deliver securities Securities of such Portfolio to the borrower thereof prior to receipt of the collateral, if any, for such borrowing; provided that, in cases of loans of securities Securities secured by cash collateral, the Custodian's ’s instructions to the Securities Clearance System shall require that the Securities Clearance System deliver the securities Securities of the Portfolio to the borrower thereof only upon receipt of the collateral for such borrowing. Upon receipt of Proper Instructions, the Custodian shall release the collateral received in respect of a loan of securities Securities to the borrower against receipt of the loaned securitiesSecurities.
Appears in 7 contracts
Samples: Global Custodial and Agency Services Agreement (Dimensional ETF Trust), Global Custodial Services Agreement (Dimensional Emerging Markets Value Fund), Global Custodial Services Agreement (Dfa Investment Trust Co)
Securities Loans. Upon receipt of Proper Instructions, the Custodian shall, in connection with loans of securities by a PortfolioPortfolio or its securities lending agent, deliver securities of such Portfolio to the borrower thereof prior to receipt of the collateral, if any, for such borrowing; provided that, in cases of loans of securities secured by cash collateral, the Custodian's ’s instructions to the Securities System shall require that the Securities System deliver the securities of the Portfolio to the borrower thereof only upon receipt of the collateral for such borrowing. Upon receipt of Proper Instructions, the Custodian shall release the collateral received in respect of a loan of securities to the borrower against receipt of the loaned securities.
Appears in 2 contracts
Samples: Custodian Agreement (Dfa Investment Dimensions Group Inc), Custodian Agreement (Dimensional Investment Group Inc)
Securities Loans. Upon receipt of Proper Instructions, the Custodian shall, in connection with loans of securities by a PortfolioCompany, deliver securities of such Portfolio Company to the borrower thereof prior to receipt of the collateral, if any, for such borrowing; provided that, in cases of loans of securities secured by cash collateral, the Custodian's ’s instructions to the Securities System shall require that the Securities System deliver the securities of the Portfolio Company to the borrower thereof only upon receipt of the collateral for such borrowing. Upon receipt of Proper Instructions, the Custodian shall release the collateral received in respect of a loan of securities to the borrower against receipt of the loaned securities.
Appears in 2 contracts
Samples: Custodian Agreement (Fidelity Ethereum Fund), Custodian Agreement (Fidelity Wise Origin Bitcoin Fund)
Securities Loans. Upon receipt of Proper Instructions, the Custodian shall, in connection with loans of securities by a PortfolioPortfolio or its securities lending agent, deliver securities of such Portfolio to the borrower thereof prior to receipt of the collateral, if any, for such borrowing; provided that, in cases of loans of securities secured by cash collateral, the Custodian's ’s instructions to the Securities System shall require that the Securities System deliver the securities of the Portfolio to the borrower thereof only upon receipt of the collateral for such borrowing. Upon receipt of Proper Instructions, the Custodian shall release the collateral received in respect of a loan of securities to the borrower against receipt of the loaned securities.. --
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