Substitution of Collateral. Each Participating Fund acknowledges and agrees that, pursuant to any MSLA, Lending Agent may permit a Borrower to substitute Collateral of the type specified in this Section 6 during the term of any loan, so long as the required margin in respect of such loan continues to be satisfied at the time of such substitution.
Appears in 6 contracts
Samples: Securities Lending Agency Agreement (Wells Fargo Master Trust), Securities Lending Agency Agreement (Wells Fargo Master Trust), Securities Lending Agency Agreement (Wells Fargo Funds Trust)