Termination of the Loan. Unless otherwise agreed, Borrower may terminate a Loan on any Business Day by giving notice of such termination before 11:30 a.m. (local time of the recipient) on such day to Lender, and Lender may terminate a Loan by giving notice to the Borrower establishing a termination date no earlier than the regular settlement date for trading in the Loaned Securities in the principal market in Canada or, if there is no Canadian market, in the principal market elsewhere, unless the Borrower and Lender agree to the contrary. Unless otherwise agreed, Borrower shall, on or before 3:30 p.m. on the termination date, Redeliver the Loaned Securities to Lender, and upon Redelivery by or on behalf of Borrower, Lender shall Redeliver the Collateral to Borrower.
Appears in 4 contracts
Samples: Securities Loan Agreement, Securities Loan Agreement, Securities Loan Agreement
