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

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

• Lender may similarly apply the Collateral and any proceeds thereof to any other obligation of Borrower under this Agreement, including Borrower’s obligations with respect to Distributions paid to Borrower (and not forwarded to Lender) in respect of Loaned Securities.

• In the event that Lender shall exercise such rights, Xxxxxxxx’s obligation to return a like amount of the Loaned Securities shall terminate.

• As agreed by the parties or if Borrower determines in its discretion that applicable laws or market custom so require, Borrower will hold additional collateral greater than 100% of the market value of the Loaned Securities.

• All transfer taxes with respect to the transfer of the Loaned Securities by Xxxxxx to Borrower and by Borrower to Lender upon termination of the Loan and with respect to the transfer of Collateral by Borrower to Lender pursuant to Section 4.5 or Section 9 shall be paid by Xxxxxxxx.

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, 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.

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.