Securities Lending End Date definition

Securities Lending End Date means the day which is three Business Days prior to the Maturity Date.

Securities Lending End Date means the day which is three Business Days prior to the Maturity Date. 2. Manufactured payments 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.

Securities Lending End Date means 16 December 2021. 3. Marking to Market of Collateral The aggregate Market Value of the Collateral delivered to or deposited with Lender (excluding any Equivalent Collateral repaid or delivered to Borrower) (“Posted Collateral”) in respect of all Loans outstanding under the Securities Lending Agreement is required to be not less than the aggregate of the Market Value of Securities equivalent to the Loaned Securities (the “Required Collateral Value”). If at any time on any Business Day the aggregate Market Value of the Posted Collateral in respect of all Loans outstanding under the Securities Lending Agreement together with: (i) all amounts due and payable by Lender under the Securities Lending Agreement but which are unpaid; and (ii) if the date for payment of Income (the “Income Record Date”) has occurred in respect of any Collateral other than Cash Collateral (“Non-Cash Collateral”), the amount or Market Value of Income payable in respect of such Non-Cash Collateral exceeds the aggregate of the Required Collateral Values in respect of such Loans together with: (i) all amounts due and payable by Borrower under the Securities Lending Agreement but which are unpaid; and (ii) if the Income Record Date has occurred in respect of any Securities equivalent to Loaned Securities, the amount or Market Value of Income payable in respect of such Equivalent Securities, Lender is required (on demand) to repay and/or deliver, as the case may be, to Borrower such Equivalent Collateral as will eliminate the excess. If at any time on any Business Day the aggregate Market Value of the Posted Collateral in respect of all Loans outstanding under the Securities Lending Agreement together with: (i) all amounts due and payable by the Lender under the Securities Lending Agreement but which are unpaid; and (ii) if the Income Record Date has occurred in respect of any Non-Cash Collateral, the amount or Market Value of Income payable in respect of such Non-Cash Collateral falls below the aggregate of Required Collateral Values in respect of all such Loans together with: (i) all amounts due and payable by Borrower under the Securities Lending Agreement but which areunpaid; and (ii) if the Income Record Date has occurred in respect of Securities equivalent to any Loaned Securities, the amount or Market Value of Income payable in respect of such Equivalent Securities, Borrower is required to provide such further Collateral to Lender as will eliminate the deficiency. 4. Manufactur...

Examples of Securities Lending End Date in a sentence

• 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.

• For the purpose of determining the costs of termination in accordance with the foregoing paragraph (and for no other purpose) a Class A Securities Lending Fee (which is attributable to the Class A Notes) and a Class B Securities Lending Fee (which is attributable to the Class B Notes) shall be deemed to be payable by Borrower on the Securities Lending End Date.

• For the purpose of determining the costs of termination in accordance with the foregoing paragraph (and for no other purpose) a Securities Lending Fee shall be deemed to be payable by Borrower on the Securities Lending End Date.

• The Securities Lending Fee shall be payable on the Securities Lending End Date unless the Securities Lending Agreement is terminated as described in paragraph 9 (Termination) below, in which case the Securities Lending Fee shall be payable on the relevant date of termination.

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• For the purpose of determining the cost or benefit in relation to the termination of each Swap Transaction (and for no other purpose), the Issuer shall be deemed to be obliged to pay to the Counterparty in respect of each Swap Transaction an amount on the Securities Lending End Date equal to the Securities Lending Fee (as defined in the Securities Lending Agreement) which is deemed to be payable by the Securities Lending Counterparty for the purpose of determining the Costs of Termination thereunder.

• The reference to “Maturity Date” in Clause 4.3 of the Master Securities Lending Terms shall be deleted and replaced with a reference to the “Securities Lending End Date” and the Securities Buyer shall be obliged to exercise the Redelivery Option in respect of which the Redelivery Date shall be the Securities Lending End Date.

More Definitions of Securities Lending End Date

Securities Lending End Date means the day which is three Business Days prior to the Initial Maturity Date (as defined in the Terms and Conditions of the Notes), provided that if the Maturity Date (as defined in the Terms and Conditions of the Notes) is extended, the Securities Lending End Date shall be extended to the day which is three Business Days prior to the new Maturity Date.