Lending Client definition

Lending Client shall have the meaning set forth in Section 1.
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Examples of Lending Client in a sentence

  • If a Similar Lending Client is given a more favorable indemnity when such indemnity is viewed in its entirety, then Lender shall be given the benefit of such indemnity in its entirety.

  • With respect to the indemnity in favor of Lender contained in ss.7(c) hereof, please be advised that no other "Similar Lending Client" (as hereinafter defined) of Chase has been given a more favorable indemnity when such indemnity is viewed in its entirety.

  • A "Similar Lending Client" shall mean a similar client, giving due consideration to client type (i.e. a registered investment company), Securities available for Loan and anticipated revenue to Chase.

  • All investments of cash Collateral shall be for the account of the Lending Client and shall be solely at the Lending Client's risk.

  • During the term of this Agreement, UBS may from time to time, in its sole discretion, contact Eligible Borrowers on behalf of any Client and lend Available Securities belonging to that Client ("Lending Client") to those Eligible Borrowers.

  • The Guarantees outstanding as of the Closing will generally continue to provide, among other things, that they are terminable by Seller upon 30 business days’ notice to the Securities Lending Client, and Guarantees issued after the Closing Date will provide that they will be terminable by Seller upon 45 days’ notice to the Securities Lending Client.

  • UBS will notify the Borrower of the termination of any Loan on the same day that it is directed to terminate the Loan by Lending Client if UBS receives such direction by the Termination Notice Time on a Business Day; if the direction to terminate is received by UBS after the Termination Notice Time, UBS will notify the Borrower of the termination of the Loan on the next Business Day.

  • In the event of any default by any Borrower in respect of any Loan, PWI shall be responsible for notifying the Lending Client, and PWI shall take any and all actions in accordance with the Borrowing Agreement necessary or appropriate to protect the interest of the Lending Client in respect of the Loan, including without limitation, liquidating or, if the Collateral is maintained in the Client Account, directing Lending Client or its Custodian to liquidate, the Collateral.

  • Non-cash distributions on Loaned Securities in the nature of stock splits or stock dividends shall be added to the Loan and become Loaned Securities; PROVIDED that a Lending Client may, by giving PWI ten (10) Business Days' notice prior to the date of such non-cash distribution, direct PWI to request that the Borrower deliver such non-cash distributions to its Client Account, in which case PWI shall arrange for such non-cash distribution to be credited to that Client Account as soon as practicable.

  • This Margin Lending Client Agreement (“Agreement”) is supplemental to the General Business Terms to which this Agreement is annexed and applies to the Client in addition to the General Business Terms.

Related to Lending Client

  • Lending Party means a third party that is not Company or an affiliate of Company that Dealer considers to be an acceptable counterparty (acting in good faith and in a reasonable manner in light of (x) other transactions that Dealer (or its agent or affiliate) may have entered into with such party and (y) any legal, regulatory or self-regulatory requirements or related policies and procedures (whether or not such requirements or related policies and procedures are imposed by law or have been voluntarily adopted by Dealer) that apply generally to transactions of a nature and kind similar to the transactions contemplated with such party).

  • Lending institution Any insurance company, federally insured commercial or savings bank, national banking association, savings and loan association, credit union, employees’ welfare, pension or retirement fund or system, corporate profit sharing or pension trust, college or university, endowment fund, real estate investment trust, or other institutional lender or financial enterprise, including, without limitation, any corporation qualified to be treated for federal tax purposes as a real estate investment trust, having a net worth of at least $50,000,000 acting on its own behalf or as agent on behalf of other Lending Institutions.

  • Advisory Client means any client (including both investment companies and managed accounts) for which Invesco serves as an investment adviser, renders investment advice, or makes investment decisions.

  • Eligible lending institution means a financial institution that is empowered to make commercial loans and is eligible pursuant to chapter 12C to be a depository of state funds.

  • Margin Loan Provider means the Initial Margin Loan Provider, subject to replacement by a replacement Margin Loan Provider, and any of their respective successors.