FIRST AMENDMENT TO SECURITIES LENDING AUTHORIZATION AGREEMENT BETWEEN THOSE REGISTERED INVESTMENT COMPANIES LISTED ON SCHEDULE B, ON BEHALF OF EACH SERIES OF SUCH REGISTERED INVESTMENT COMPANIES, LISTED ON SCHEDULE B AND STATE STREET BANK AND TRUST...
Exhibit G2B
FIRST AMENDMENT TO
SECURITIES LENDING AUTHORIZATION AGREEMENT
BETWEEN
THOSE REGISTERED INVESTMENT COMPANIES LISTED ON SCHEDULE B,
ON BEHALF OF EACH SERIES OF SUCH REGISTERED INVESTMENT
COMPANIES, LISTED ON SCHEDULE B
AND
STATE STREET BANK AND TRUST COMPANY
This First Amendment (this “Amendment”) dated as of June 9, 2011 is between those REGISTERED INVESTMENT COMPANIES listed on Schedule B, each a registered management investment company organized as a Maryland corporation or other form of organization (each a “Company”) on behalf of each series of each such Company, as listed respectively on Schedule B (each such series a “Fund” and collectively, the “Funds”), severally and not jointly, and STATE STREET BANK AND TRUST COMPANY (“State Street”).
Reference is made to a Securities Lending Authorization Agreement dated December 1, 2008 by and between the Funds and State Street, as in effect on the date hereof prior to giving effect to this Amendment (the “Agreement”).
WHEREAS, the Funds and State Street desire to amend the Agreement as set forth below.
NOW THEREFORE, for value received, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties mutually agree to amend the Agreement in the following respect:
1. Definitions. All terms used herein and not otherwise defined shall have the meanings set forth in the Agreement.
2. Amendments.
(a) The Agreement is hereby amended by deleting the first two paragraphs of Section 4 of the Agreement, and replacing them with the following language:
“Each Fund hereby authorizes State Street to effect Loans of Available Securities of the Fund with any Borrower on State Street’s list of approved Borrowers, including, without limitation, State Street Bank and Trust Company and any affiliate thereof (each acting in the capacity of a Borrower, hereafter also referred to as an “SSB Borrower”), which list shall be provided or made available by State Street to the Company on a
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monthly basis. The Fund may restrict State Street from lending the Fund’s securities to any Borrower on the list of approved Borrowers by providing prior written notice to State Street of such restriction. State Street may modify the list of approved Borrowers at any time in its sole discretion. In the event that a new Borrower is added to the list of approved Borrowers, no Loans shall be made to such new Borrower unless the Fund has consented in writing to the addition of such Borrower.”
(b) The Agreement is hereby amended by deleting Schedule B to the Agreement, and replacing it with the attached Schedule B.
(c) The Agreement is hereby amended by deleting Schedule E to the Agreement and all references thereto.
3. Exclusive Securities Lending Arrangement. Each Fund hereby agrees that, subject to the Company in the reasonable business judgment of its Board of Directors concluding in good faith that there is good cause for early termination of the Agreement that is unrelated to the Current Fee Split (hereinafter defined), from the date of this Amendment until June 9, 0000, Xxxxx Xxxxxx shall be the Funds’ sole securities lending agent and that the fee split set forth on Schedule A of the Agreement (i.e., 80% to the Fund and 20% to State Street) (the “Current Fee Split”) shall apply to all of the Fund’s securities lending activities with State Street, as the Funds’ securities lending agent, from the date of this Amendment until June 9, 2013.
4. Miscellaneous. Except to the extent specifically amended by this Amendment, the provisions of the Agreement shall remain unmodified and in full force and effect.
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5. Effective Date. This Amendment shall be effective as of the date first written above.
IN WITNESS WHEREOF, the parties hereto execute this Amendment as an instrument under seal by their duly authorized officers by affixing their signatures below.
| EACH REGISTERED INVESTMENT COMPANY, listed on Schedule B on behalf of itself and its respective series as listed on Schedule B, severally and not jointly | ||
Name:
| ||
| By: XXXX X. XXXXXXXX | ||
| Its: PRESIDENT | ||
| STATE STREET BANK AND TRUST COMPANY | ||
Name :
| ||
| By: Xxxxxxxx Xxxx | ||
| Its: Executive Vice President | ||
| AGREED TO BY: | ||
| VALIC Company II, on behalf of itself and its respective series, severally and not jointly, only with respect to Section 2(b) | ||
| Name:
| ||
| By: Xxxx X. Xxxxxxxx | ||
| Its: President | ||
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Schedule B
This Schedule is attached to and made part of the Securities Lending Authorization Agreement, dated the 1st day of December, 2008 between THOSE REGISTERED INVESTMENT COMPANIES listed on SCHEDULE B, on behalf of each Series of such registered investment companies listed on SCHEDULE B, severally and not jointly (the “Funds”) and STATE STREET BANK AND TRUST COMPANY (“State Street”), as amended.
| Fund Name
|
Taxpayer ID Number
|
Tax Year-End
| ||
| VALIC COMPANY I
|
||||
| Blue Chip Growth Fund
|
00-0000000
|
May 31
| ||
| Capital Conservation Fund
|
00-0000000
|
May 31
| ||
| Core Equity Fund
|
00-0000000
|
May 31
| ||
| Foreign Value Fund
|
00-0000000
|
May 31
| ||
| Global Equity Fund
|
00-0000000
|
May 31
| ||
| Global Social Awareness Fund
|
00-0000000
|
May 31
| ||
| Global Strategy Fund
|
00-0000000
|
May 31
| ||
| Government Securities Fund
|
00-0000000
|
May 31
| ||
| Growth & Income Fund
|
00-0000000
|
May 31
| ||
| Growth Fund
|
00-0000000
|
May 31
| ||
| International Equities Fund
|
00-0000000
|
May 31
| ||
| International Growth I Fund
|
00-0000000
|
May 31
| ||
| Large Cap Core Fund
|
00-0000000
|
May 31
| ||
| Large Capital Growth Fund
|
00-0000000
|
May 31
| ||
| Mid Cap Index Fund
|
00-0000000
|
May 31
| ||
| Mid Cap Strategic Growth Fund
|
00-0000000
|
May 31
| ||
| Nasdaq-100™ Index Fund
|
00-0000000
|
May 31
| ||
| Science & Technology Fund
|
00-0000000
|
May 31
| ||
| Small Cap Aggressive Growth Fund
|
00-0000000
|
May 31
|
1
| Small Cap Fund
|
00-0000000
|
May 31
| ||
| Small Cap Index Fund
|
00-0000000
|
May 31
| ||
| Small Cap Special Values Fund
|
00-0000000
|
May 31
| ||
| Small-Mid Growth Fund
|
00-0000000
|
May 31
| ||
| Stock Index Fund
|
00-0000000
|
May 31
|
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