Income Record Date definition

Income Record Date means the date for payment of Income.

Income Record Date means, in relation to any Securities or Collateral, the date by reference to which holders of such Securities or Collateral are identified as being entitled to payment of Income;

Income Record Date means "Income Record Date" or "Income Payment Date" (or equivalent concept) as defined in the relevant Existing Securities Lending Agreement;

Examples of Income Record Date in a sentence

• Where the term of a Loan extends over an Income Record Date in respect of any Loaned Securities, Borrower is required, on the date such Income is paid, to pay or deliver to Lender a sum of money or property equivalent to (and in the same currency as) the type and amount of such Income that would be received by Lender in respect of such Loaned Securities assuming such Securities were not loaned to Borrower and were retained by Lender on the Income Record Date.

• Where the term of a Loan extends over an Income Record Date in respect of any Loaned Securities, Borrower is required, on the date such Income is paid, to pay or deliver to Lender a sum of money or property equivalent to (and in the same currency as) the type and amount of such Income that would be received by Lender in respect of such Loaned Securities assumingsuch Securities were not loaned to Borrower and were retained by Lender on the Income Record Date.

• Record Date As applicable, the meaning assigned in "Income Record Date" and/or "Capital Record Date" in the Prospectus for each respective Trust Fund.

• Where the term of a Loan extends over an Income Record Date in respect of any Loaned Securities, Borrower is required, on the date such Income is paid, to pay or deliver to Lender a sum of money or property equivalent to (and in the same currency as) the type and amount ofsuch Income that would be received by Lender in respect of such Loaned Securities assuming such Securities were not loaned to Borrower and were retained by Lender on the Income Record Date.

More Definitions of Income Record Date

Income Record Date means the date for payment of Income. 3. Securities Lending Fee No Securities Lending Fee is actually payable by Borrower to Lender but, for the purpose of determining the Costs of Termination, the Securities Lending Fee is deemed to be payable by Borrower to Lender on the Securities Lending End Date. 4. Exercise of voting rights Where any voting rights fall to be exercised in relation to any Loaned Securities, Borrower shall not have any obligation to arrange for voting rights of that kind to be exercised in accordance with the instructions of Lender in relation to the Securities borrowed by it unless otherwise agreed between the parties. Under no circumstances shall the Trustee be obliged to exercise any such voting rights. 5. Events of Default The events of default applicable to the parties to the Securities Lending Agreement (the relevant defaulting party being the “Defaulting Party” and the other party being the “Non-Defaulting Party”) and such event being “Events of Default”) are set out in the Securities Lending Agreement and include failure to make a payment or delivery when due or to perform any other obligation under the Securities Lending Agreement (in each case, subject to certain grace periods), the occurrence of certain insolvency events and breach of warranty. The occurrence of an Event of Default in respect of the Notes is also an Event of Default with respect to which Lender is the Defaulting Party. If an Event of Default occurs the parties’ delivery and payment obligations (and any other obligations they have under the Securities Lending Agreement) shall be accelerated so as to require performance thereof at the time such Event of Default occurs (the date of which shall be the “Termination Date”) so that performance of such delivery and payment obligations shall be effected only in accordance with the following provisions:

Income Record Date has the meaning given in the GMSLA;