Termination of Loans. Bank shall accept Instructions from Lender or Agent in writing (which may be electronic) of when to expect the return of a Security on Loan in those cases other than where the Borrower terminates the Loan. Where a Borrower terminates a Loan, Lender or Agent shall so advise Bank and confirm to Bank whether or not the return should be accepted and Bank shall act accordingly. Upon its receipt of Securities back from Loan, Bank shall reflect the status of such Securities on its records as having been returned to custody.
Appears in 20 contracts
Samples: Third Party Securities Lending Rider (Artisan Partners Funds Inc), Global Securities Lending Agency Agreement (JPMorgan Institutional Trust), Global Securities Lending Agency Agreement (JPMorgan Institutional Trust)
