Common use of Transfer of Loaned Securities Clause in Contracts

Transfer of Loaned Securities. 2.1 Lender shall use its commercially reasonable efforts to transfer or cause to be transferred Loaned Securities to Borrower on or before the close of business on December 21, 2004 and in any event on or before 11 A.M. (New York City time) on December 22, 2004. The Loan will commence on the later of (x) December 22, 2004 and (y) the date on which all conditions set forth in Section 1.2 are satisfied.