Common use of Termination of the Loan Clause in Contracts

Termination of the Loan. 6.1 (a) Unless otherwise agreed, either party may terminate a Loan on a termination date established by notice given to the other party prior to the Close of Business on a Business Day. Unless Borrower and Lender agree to the contrary, the termination date established by a termination notice shall be a date no earlier than the standard settlement date that would apply to a purchase or sale of the Loaned Securities in the principal market of such Loaned Securities (in the case of a notice given by Lender) or the non- cash Collateral securing the Loan in the principal market of such non-cash Collateral (in the case of a notice given by Borrower) entered into at the time of such notice.

Appears in 3 contracts

Samples: Securities Lending Agent Agreement, www.sofi.hk, www.sofi.hk

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Termination of the Loan. 6.1 (a) Unless otherwise agreed, either a. Either party may terminate a Loan on a termination date established by notice given to the other party prior to the Close of Business on a Business Day. Unless Borrower and Lender agree to the contrary, the termination date established by a termination notice shall be a date no earlier than the standard settlement date that would apply to a purchase or sale of the Loaned Securities in the principal market of such Loaned Securities (in intheprincipalmarketofsuchLoanedSecurities(in the case of a notice given by Lender) or the non- non-cash Collateral securing the Loan in the principal market of such nonintheprincipalmarketofsuchnon-cash Collateral cashCollateral (in the case of a notice given by Borrower) entered into at the time of such notice.

Appears in 2 contracts

Samples: Master Securities Lending Agreement, Master Securities Lending Agreement

Termination of the Loan. 6.1 (a) Unless otherwise agreed, either party may terminate a Loan on a termination date established by notice given to the other party prior to the Close of Business on a Business Day. Unless Borrower and Lender agree to the contrary, the termination date established by a termination notice shall be a date no earlier than the standard settlement date that would apply to a purchase or sale of the Loaned Securities in the principal market of such Loaned Securities (in the case of a notice given by Lender) or the non- cash noncash Collateral securing the Loan in the principal market of such non-cash noncash Collateral (in the case of a notice given by Borrower) entered into at the time of such notice.

Appears in 1 contract

Samples: Securities Loan Agreement

Termination of the Loan. 6.1 6.1. (a) Unless otherwise agreed, either party may terminate a Loan on a termination date established by notice given to the other party prior to the Close of Business on a Business Day. Unless Borrower and Lender agree to the contrary, the termination date established by a termination notice shall be a date no earlier than the standard settlement date that would apply to a purchase or sale of the Loaned Securities in the principal market of such Loaned Securities (in the case of a notice given by Lender) or the non- non-cash Collateral securing the Loan in the principal market of such non-cash Collateral (in the case of a notice given by BorrowerXxxxxxxx) entered into at the time of such notice.

Appears in 1 contract

Samples: Master Securities Lending Agreement

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Termination of the Loan. 6.1 6.1. (a) Unless otherwise agreed, either party may terminate a Loan on a termination date established by notice given to the other party prior to the Close of Business on a Business Day. Unless Borrower and Lender agree to the contrarycontrary , the termination date established by a termination notice shall be a date no earlier than the standard settlement date that would apply to a purchase or sale of the Loaned Securities in the principal market of such Loaned Securities (in the case of a notice given by Lender) or the non- cash non‐cash Collateral securing the Loan in the principal market of such non-cash non‐cash Collateral (in the case of a notice given by Borrower) entered into at the time of such notice.

Appears in 1 contract

Samples: Master Securities Lending Agreement

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