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 but only against receipt of such collateral as the Fund shall instruct; except that in connection with any loans for which collateral is to be credited to the Custodian's Account in a book-entry system referred to in Section 2V(ii) hereof, the Custodian may deliver securities prior to the credit of such collateral, provided that the Custodian shall promptly notify the Fund if such collateral is not credited.

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 but only against receipt of such collateral as the Fund shall instruct; except that in connection with any loans for which collateral is to be credited to the Custodian's Account in a book-entry system referred to in Section 2V(ii) hereof, the Custodian may deliver securities prior to the credit of such collateral, provided that the Custodian shall shal1 promptly notify the Fund if such collateral is not credited.

Stock Loans. Upon receipt of proper instructions, to deliver securities of the Fund, in connection with loans of securities by the Corporation on behalf of the Fund, to the borrower thereof but only against receipt of such collateral as the Fund Corporation shall instruct; except that in connection with any loans for which collateral is to be credited to the Custodian's Account in a book-entry system referred to in Section 2V(ii) hereof, the Custodian may deliver securities prior to the credit of such collateral, provided that the Custodian shall promptly notify the Corporation on behalf of the Fund if such collateral is not credited.