Common use of Securities Subject to Lending Clause in Contracts

Securities Subject to Lending. The Lender shall keep on file with the Bank a list of those securities maintained in the Account which, at the sole discretion of the Lender, are available for lending pursuant to this Agreement. Such list may be amended from time to time and at any time by the Lender pursuant to Written or Oral Instructions, provided however that the Bank is authorized to enter into a loan pursuant to this Agreement with respect to any Security appearing on such list, and the only obligation of the Bank with respect to any Security which has been deleted from such list shall be to terminate any outstanding loan with respect to such Security in accordance with the terms of the applicable Securities Borrowing Agreement and to refrain from lending any such Security in the future unless added back to the list.

Appears in 2 contracts

Samples: Securities Lending Agency Agreement (TCW Funds Inc), Securities Lending Agency Agreement (TCW Premier Funds)

AutoNDA by SimpleDocs

Securities Subject to Lending. The Lender shall keep on file with ----------------------------- the Bank a list of those securities maintained in the Account which, at the sole discretion of the Lender, are available for lending pursuant to this Agreement. Such list may be amended from time to time and at any time by the Lender pursuant to Written or Oral Instructions, provided however that the Bank is authorized to enter into a loan pursuant to this Agreement with respect to any Security appearing on such list, and the only obligation of the Bank with respect to any Security which has been deleted from such list shall be to terminate any outstanding loan with respect to such Security in accordance with the terms of the applicable Securities Borrowing Agreement and to refrain from lending any such Security in the future unless added back to the list.

Appears in 1 contract

Samples: Securities Lending Agency Agreement (TCW Convertible Securities Fund Inc)

AutoNDA by SimpleDocs

Securities Subject to Lending. The Lender shall keep on file with the ----------------------------- Bank a list of those securities maintained in the Account which, at the sole discretion of the Lender, are available for lending pursuant to this Agreement. Such list may be amended from time to time and at any time by the Lender pursuant to Written or Oral Instructions, provided however that the Bank is authorized to enter into a loan pursuant to this Agreement with respect to any Security appearing on such list, and the only obligation of the Bank with respect to any Security which has been deleted from such list shall be to terminate any outstanding loan with respect to such Security in accordance with the terms of the applicable Securities Borrowing Agreement and to refrain from lending any such Security in the future unless added back to the list.

Appears in 1 contract

Samples: Securities Lending Agency Agreement (TCW Galileo Funds Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!