Loaned Securities definition

Loaned Securities means Securities which are the subject of an outstanding Loan;

Loaned Securities shall be those Securities which are loaned to the Borrower(s) by the Bank, securities identical to such Securities, or securities equivalent to such loaned securities in the event of a reorganization, recapitalization or merger affecting the originally loaned securities.

Loaned Securities means all securities loaned to the Borrower hereunder or an equal principal amount of the same issue or series and any securities issued in exchange therefor.

Examples of Loaned Securities in a sentence

• If, however, any Loan is deemed to be a loan of money by Borrower to Lender, then Borrower shall have, and Lender shall be deemed to have granted, a security interest in the Loaned Securities and the proceeds thereof.

• Lender hereby waives the right to vote, or to provide any consent or to take any similar action with respect to, the Loaned Securities in the event that the record date or deadline for such vote, consent or other action falls during the term of the Loan.

• The Collateral shall be returned to Borrower at the termination of the Loan upon the return of the Loaned Securities by Borrower to State Street in accordance with the applicable Securities Loan Agreement.

• State Street shall purchase a number of Replacement Securities equal to the number of such unreturned Loaned Securities, to the extent that such Replacement Securities are available on the open market.

• All remedies hereunder and all obligations with respect to any Loan shall survive the termination of the relevant Loan, return of Loaned Securities or Collateral and termination of this Agreement.

More Definitions of Loaned Securities

Loaned Securities means securities subject to a Loan.

Loaned Securities. The Eligible Securities that are lent or borrowed.

Loaned Securities has the meaning set forth in Section 13.5 hereof.

Loaned Securities means all securities which are delivered as a Loan hereunder and any non-cash Distributions received by Borrower pursuant to Subsection 7.2 until Redelivery of such securities to Lender hereunder, and, if any new or different security shall be exchanged for any Loaned Securities by recapitalization, merger, consolidation or other corporate action, such new or different securities shall, effective upon such exchange, be deemed to become Loaned Securities in substitution for the former Loaned Security for which such exchange was made. For purposes of Redelivery of Loaned Securities by Borrower or purchase or sale of securities pursuant to Section 13 or 14 hereunder, such term shall include securities of the same issuer, class, principal amount or quantity, maturity date, interest rate, and other terms as the Loaned Securities, adjusted in accordance with the provisions of this Subsection.

Loaned Securities means any security (as defined in the Exchange Act) that is transferred in a Loan until such security (or an identical security) is transferred back to Lender hereunder, except that if any new or different security shall be exchanged for any Loaned Security by recapitalization, merger, consolidation or other corporate action, such new or different security shall, effective upon such exchange, be deemed to become a Loaned Security in substitution for the former Loaned Security for which such exchange is made. For purposes of the return of Loaned Securities by Borrower or purchase or sale of securities in connection with the exercise of Lender's or Borrower's remedies hereunder, such term shall include securities of the same issuer, class and quantity as the Loaned Securities, as adjusted pursuant to the preceding sentence.

Loaned Securities means, with respect to any Loan, the securities loaned by PFPC hereunder on behalf of Customer; and

Loaned Securities means, with respect to any Loan, the securities loaned by UBS on behalf of a Lending Client.