Termination of Loans and Investments. MetWest shall terminate any Loan and Investment prior to the agreed upon termination date for such Loan or Investment, as set forth in the Securities Loan Agreement or documents governing such Investment, as soon as practicable after: (a) receipt by MetWest of Oral Instructions or Written Instructions from Client to terminate a Loan or Investment; (b) receipt by MetWest of Oral Instructions or Written Instructions from Client advising that the Loaned Security is no longer subject to the representations contained in Sections 8.1(g) or (h); (c) the occurrence of an event of default under a Securities Loan Agreement or by a Counterparty under the documents governing the Investment; or (d) termination of this Agreement. All Loans shall be terminable upon demand. The Securities subject to a terminated Loan shall be returned to the Custodial Account within the applicable standard settlement period, which period shall be not more than five business days.
Appears in 3 contracts
Samples: Securities Lending Management Agreement (American Aadvantage Funds), Securities Lending Management Agreement (American Aadvantage Funds), Securities Lending Management Agreement (American Aadvantage Funds)
Termination of Loans and Investments. MetWest Met West shall terminate any Loan and Investment prior to the agreed upon termination date for such Loan or Investment, as set forth in the Securities Loan Agreement or documents governing such Investment, as soon as practicable after:
(a) receipt by MetWest of Oral Instructions or Written Instructions from Client to terminate a Loan or Investment;
(b) receipt by MetWest of Oral Instructions or Written Instructions from Client advising that the Loaned Security is no longer subject to the representations contained in Sections 8.1(g) or (h);
(c) the occurrence of an event of default under a Securities Loan Agreement or by a Counterparty under the documents governing the Investment; or
(d) termination of this Agreement. All Loans shall be terminable upon demand. The Securities subject to a terminated Loan shall be returned to the Custodial Account within the applicable standard settlement period, which period shall be not more than five business days.
Appears in 1 contract
Samples: Securities Lending, Agency and Collateral Management Agreement (American Aadvantage Funds)
