Termination of Loans. The Bank shall terminate any Securities loan to a Borrower in accordance with the applicable Securities Borrowing Agreement as soon as practicable (but in any event within three business days after notice by the Fund) after: (a) receipt by the Bank of a notice of termination pursuant to the Securities Borrowing Agreement; (b) receipt by the Bank of Written Instructions instructing it to terminate a Securities loan; (c) receipt by the Bank of Written Instructions deleting the Borrower to whom such loan was made from Schedule III hereto; (d) upon the Bank's becoming aware of the occurrence of any default pursuant to the applicable Securities Borrowing Agreement requiring termination of such loan; or (e) whenever the Bank, in its sole discretion, elects to terminate such loan.
Appears in 3 contracts
Samples: Securities Lending Agency Agreement (CDC Nvest Companies Trust I), Securities Lending Agency Agreement (CDC Nvest Funds Trust Ii), Securities Lending Agency Agreement (Loomis Sayles Funds Ii)
Termination of Loans. The Bank shall terminate any Securities loan -------------------- to a Borrower in accordance with the applicable Securities Borrowing Agreement as soon as practicable (but in any event within three business days after notice by the Fund) after:
(a) receipt by the Bank of a notice of termination pursuant to the Securities Borrowing Agreement;
(b) receipt by the Bank of Written Instructions instructing it to terminate a Securities loan;
(c) receipt by the Bank of Written Instructions deleting the Borrower to whom such loan was made from Schedule III hereto;
(d) upon the Bank's becoming aware of the occurrence of any default pursuant to the applicable Securities Borrowing Agreement requiring termination of such loan; or
(e) whenever the Bank, in its sole discretion, elects to terminate such loan.
Appears in 2 contracts
Samples: Securities Lending Agency Agreement (CDC Nvest Funds Trust I), Securities Lending Agency Agreement (CDC Nvest Funds Trust Iii)
Termination of Loans. The Bank shall terminate any Securities loan to a Borrower in accordance with the applicable Securities Borrowing Agreement as soon as practicable (but in any event within three business days after notice by the Fund) after:
(a) receipt by the Bank of a notice of termination pursuant to the Securities Borrowing Agreement;
(b) receipt by the Bank of Written Instructions instructing it to terminate a Securities loan;
(c) receipt by the Bank of Written Instructions deleting the Borrower to whom such loan was made from Schedule III II hereto;
(d) upon the Bank's becoming aware of the occurrence of any default pursuant to the applicable Securities Borrowing Agreement requiring termination of such loan; or
(e) whenever the Bank, in its sole discretion, elects to terminate such loan.
Appears in 1 contract
Samples: Securities Lending Agency Agreement (Aew Real Estate Income Fund)
