FOURTEENTH AMENDMENT TO SECURITIES LENDING AGENCY AGREEMENT
FOURTEENTH AMENDMENT TO SECURITIES LENDING AGENCY AGREEMENT
THIS FOURTEENTH AMENDMENT (this “Amendment”) to the Securities Lending Agency Agreement is dated as of October 30, 2018, by and between the series listed on Schedule 1 to the Agreement of PNC Funds, an investment company organized under the laws of Delaware (each, a “Fund” and together, the “Funds”), and Xxxxx Brothers Xxxxxxxx & Co. (“BBH&Co.”).
Reference is made to the Securities Lending Agency Agreement dated as of August 24, 2011 by and between the Fund and BBH&Co., as amended from time to time and as in effect on the date hereof prior to giving effect to this Amendment (the “Agreement”). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Agreement.
WHEREAS, the Fund and BBH&Co. have agreed to make certain modifications to the terms of the Agreement as further detailed herein;
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree to amend the Agreement as follows:
A. Amendments to the Agreement
1. The Agreement is hereby amended by deleting Schedule 2 in its entirety, and substituting therefor Schedule 1 attached hereto.
2. The Agreement is hereby amended by deleting Schedule 2 in its entirety, and substituting therefor Schedule 2 attached hereto.
B. Miscellaneous
1. Other than as amended hereby, the Agreement remains unchanged and in full force and effect. The Fund hereby ratifies and affirms all terms and provisions of the Agreement, as amended to date and hereby.
2. This Amendment shall be governed in accordance with the terms set forth in Section 26 of the Agreement.
3. This Amendment may be executed in multiple original counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Amendment.
[Signature Page Follows]
IN WITNESS WHEREOF, each of the parties has caused their duly authorized representatives to execute this Amendment to the Agreement, effective as of the first date written above.
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PNC FUNDS, ON BEHALF OF EACH OF THE SERIES/PORTFOLIOS LISTED ON SCHEDULE 1 |
XXXXX BROTHERS XXXXXXXX & CO. | |||
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By: |
/s/ Xxxx Xxxxxx |
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By: |
/s/ Xxxxx Xxxxxxxx |
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Name: Xxxx Xxxxxx |
Name: Xxxxx Xxxxxxxx | |||
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Title: Vice President |
Title: Managing Director | |||
SCHEDULE 1
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Series/Portfolios |
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Available Securities |
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PNC Balanced Allocation Fund |
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* |
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PNC Emerging Markets Equity Fund |
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* |
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PNC International Equity Fund (PNC) |
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* |
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PNC International Equity Fund (Polaris) |
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* |
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PNC International Growth Fund |
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* |
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PNC Multi-Factor All Cap Fund |
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* |
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PNC Multi-Factor Large Cap Growth Fund |
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* |
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PNC Multi-Factor Large Cap Value Fund |
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* |
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PNC Multi-Factor Small Cap Core Fund |
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* |
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PNC Multi-Factor Small Cap Growth Fund |
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* |
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PNC Multi-Factor Small Cap Value Fund |
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* |
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PNC Small Cap Fund |
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* |
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PNC Total Return Advantage Fund |
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* |
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PNC Ultra Short Bond Fund |
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* |
*All Securities held in custody with the Funds’ custodian (or subcustodians)
SCHEDULE 2
Approved U.S. Borrowers
Bank of Nova Scotia (Houston Branch)
Barclays Capital Inc.
BMO Capital Markets Corp.
BNP Paribas, New York Branch
BNP Paribas Securities Corp.
BofAML Securities, Inc.
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Deutsche Bank Securities Inc.
Xxxxxxx Sachs & Co. LLC
X.X. Xxxxxx Securities, LLC
Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated
Mizuho Securities USA LLC
Xxxxxx Xxxxxxx & Co. LLC
National Financial Services LLC
Nomura Securities International Inc.
Scotia Capital (USA) Inc.
SG Americas Securities, LLC
UBS Securities LLC
Approved Non-U.S. Borrowers
Bank of Montreal, London Branch
Bank of Nova Scotia (London Branch)
Barclays Bank plc
Barclays Capital Securities Limited
BNP Paribas Arbitrage
BNP Paribas Prime Brokerage International, Limited
Citigroup Global Markets Limited
Credit Suisse AG (Dublin Branch)
Credit Suisse Securities (Europe) Limited
Deutsche Bank XX
Xxxxxxx Sachs International
HSBC Bank plc
X.X. Xxxxxx Securities plc
Xxxxxxx Xxxxx International
Xxxxxx Xxxxxxx & Co International Plc
Natixis
Nomura International plc
Skandinaviska Enskilda Xxxxxx XX (publ)
Societe Generale
UBS AG London Branch
With respect to any Approved Borrower organized in Canada, the Fund authorizes BBH&Co. to take such action as BBH&Co. deems necessary to perfect the security interest in Collateral, including filing of financing statements.
