Common use of Stock Loans Clause in Contracts

Stock Loans. Upon receipt of proper instructions to deliver securities of the Fund, in connection with loans of securities by the Fund, to the borrower thereof upon the receipt of the cash collateral, if any, for such borrowing. In the event U.S. Government securities are to be used as collateral, the Custodian will not release the securities to be loaned until it has received confirmation that such collateral has been delivered to the Custodian. The Custodian and Fund understand that the timing of receipt of such confirmation will normally require that the delivery of securities to be loaned will be made one day after receipt of the U. S. Government collateral.

Appears in 12 contracts

Samples: Custodian Agreement (Merrill Lynch Technology Leaders Fund Inc), Custodian Agreement (Mercury Asset Management Funds Inc), Custodian Agreement (Mercury Asset Management Funds Inc)

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Stock Loans. Upon receipt of proper instructions instructions, to deliver securities of the Fund, in connection with loans of securities by the Fund, to the borrower thereof upon the receipt of the cash collateral, if any, for such borrowing. In the event U.S. U. S. Government securities are to be used as collateral, the Custodian will not release the securities to be loaned until it has received confirmation that such collateral has been delivered to the Custodian. The Custodian and Fund understand that the timing of receipt of such confirmation will normally require that the delivery of securities to be loaned will be made one day after receipt of the U. S. Government collateral.

Appears in 6 contracts

Samples: Custodian Agreement (Alliance Global Strategic Income Trust Inc), Custodian Agreement (Alliance Global Strategic Income Trust Inc), Custodian Agreement (Alliance Multi Market Strategy Trust Inc)

Stock Loans. Upon receipt of proper instructions to deliver securities ----------- of the Fund, in connection with loans of securities by the Fund, to the borrower thereof upon the receipt of the cash collateral, if any, for such borrowing. In the event U.S. Government securities are to be used as collateral, the Custodian will not release the securities to be loaned until it has received confirmation that such collateral has been delivered to the Custodian. The Custodian and Fund understand that the timing of receipt of such confirmation will normally require that the delivery of securities to be loaned will be made one day after receipt of the U. S. Government collateral.

Appears in 5 contracts

Samples: Custodian Agreement (Mercury Large Cap Series Funds Inc), Custodian Agreement (Merrill Lynch Variable Series Funds Inc), Custodian Agreement (Global Financial Services Master Trust)

Stock Loans. Upon receipt of proper instructions instructions, to deliver securities of the Fund, in connection with loans of securities by the Fund, to the borrower thereof upon the receipt of the cash collateral, if any, for such borrowing. In the event U.S. Government securities are to be used as collateral, the Custodian will not release the securities to be loaned until it has received confirmation that such collateral has been delivered to the Custodian. The Custodian and Fund understand that the timing of receipt of such confirmation will normally require that the delivery of securities to be loaned will be made one day after receipt of the U. S. U.S. Government collateral.

Appears in 4 contracts

Samples: Custodian Agreement (Alliance Income Builder Fund Inc), Custodian Agreement (Alliance World Income Trust Inc), Custodian Agreement (Alliance Health Care Fund Inc)

Stock Loans. Upon receipt of proper instructions to deliver securities ----------- of the Fund, in connection with loans of securities by the Fund, to the borrower thereof upon the receipt of the cash collateral, if any, for such borrowing. In the event U.S. Government securities are to be used as collateral, the Custodian will not release the securities to be loaned until it has received confirmation that such collateral has been delivered to the Custodian. The Custodian and Fund understand that the timing of receipt of such confirmation will normally require that the delivery of securities to be loaned will be made one day after receipt of the U. S. U.S. Government collateral.

Appears in 3 contracts

Samples: Custodian Agreement (Merrill Lynch Latin America Fund Inc), Custodian Agreement (Merrill Lynch Middle East Africa Fund), Custodian Agreement (Merrill Lynch Global Financial Services Fund Inc)

Stock Loans. Upon receipt of proper instructions to deliver securities of the Fund, in connection with loans of securities by the Fund, to the borrower thereof upon the receipt of the cash collateral, if any, for such borrowing. In the event U.S. Government securities are to be used as collateral, the Custodian will not release the securities to be loaned until it has received confirmation that such collateral has been delivered to the Custodian. The Custodian and Fund understand that the timing of receipt of such confirmation will normally require that the delivery of securities to be loaned will be made one day after receipt of the U. S. U.S. Government collateral.

Appears in 3 contracts

Samples: Custodian Agreement (Mercury Asset Management v I Funds Inc), Custodian Agreement (Merrill Lynch Global Financial Services Fund Inc), Custodian Agreement (Merrill Lynch Developing Capital Markets Fund Inc)

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Stock Loans. Upon receipt of proper instructions to deliver securities of the Fund, in connection with loans of securities by the Fund, to the borrower thereof upon the receipt of the cash collateral, if any, any for such borrowing. In the event U.S. Government securities are to be used as collateral, the Custodian will not release the securities to be loaned until it has received confirmation that such collateral has been delivered to the Custodian. The Custodian and Fund understand that the timing of receipt of such confirmation will normally require that the delivery of securities to be loaned will be made one day after receipt of the U. S. Government collateral.

Appears in 1 contract

Samples: Custodian Agreement (Mercury Vi Funds Inc)

Stock Loans. Upon receipt of proper instructions instructions, to deliver securities of the Fund, in connection with loans of securities by the Fund, to the borrower thereof upon the receipt of the cash collateral, if any, for such borrowing. In the event U.S. U. S. Government securities are to be used as collateral, the Custodian will not release the securities to be loaned until it has received confirmation that such collateral has been delivered to the Custodian. The Custodian and Fund understand that the timing of receipt of such confirmation will normally require that the delivery of securities to be loaned will be made one day after receipt of the U. S. U.S. Government collateral.

Appears in 1 contract

Samples: Custodian Agreement (Alliance North American Government Income Tru Inc)

Stock Loans. Upon receipt of proper instructions instructions, to ----------- deliver securities of the Fund, in connection with loans of securities by the Fund, to the borrower thereof upon the receipt of the cash collateral, if any, for such borrowing. In the event U.S. Government securities are to be used as collateral, the Custodian will not release the securities to be loaned until it has received confirmation that such collateral has been delivered to the Custodian. The Custodian and Fund understand that the timing of receipt of such confirmation will normally require that the delivery of securities to be loaned will be made one day after receipt of the U. S. Government collateral.

Appears in 1 contract

Samples: Custodian Agreement (Merrill Lynch Global Allocation Fund Inc)

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