Examples of Securities Lending Counterparty in a sentence
In such circumstances, the Custodian has agreed to exercise such rights (at the cost of the Securities Lending Counterparty) in such manner as the Securities Lending Counterparty may direct.
All references in the Conditions to Swap Agreement and Counterparty shall be construed (except to the extent provided below or otherwise modified by or expressly stated in these Terms) as references to both the Swap Agreement and the Securities Lending Agreement and both the Counterparty and the Securities Lending Counterparty, respectively.
The proceeds of redemption of any Collateral comprised in the Charged Assets shall be paid by the Issuer to the Securities Lending Counterparty pursuant to the Securities Lending Agreement.
The Trust Deed in respect of this Series of Notes provides for the automatic release of the Security Interests created over the Charged Assets to the extent that any Obligations or Equivalent Collateral (as defined in the Securities Lending Agreement) comprised in the Charged Assets are required to be delivered or repaid to the Securities Lending Counterparty.
Pursuant to the Securities Lending Agreement, the Securities Lending Counterparty has the right to borrow Obligations comprised in the Charged Assets from the Issuer and, if such right is exercised, has the obligation to deliver to or deposit Collateral with the Issuer (which Collateral shall comprise Charged Assets in respect of this Series of Notes – see paragraph 25 above), subject to and in accordance with the terms of the Securities Lending Agreement.