Securities Loan Fee definition

Securities Loan Fee means the amount payable by a Borrower to Bank pursuant to the Securities Borrowing Agreement in connection with Loans collateralized by Collateral other than Cash Collateral.

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Securities Loan Fee means the amount payable by a Borrower to BTC, as agent for the Funds, pursuant to the applicable Securities Lending Agreement in connection with Securities loans, if any, collateralized by Non-Cash Collateral.

Securities Loan Fee means the amount payable by a Borrower to BGI, as agent for the Fund, pursuant to the applicable Securities Lending Agreement in connection with Securities loans, if any, collateralized by Collateral other than Cash Collateral.

Examples of Securities Loan Fee in a sentence

The Bank shall receive any applicable Securities Loan Fee paid by Borrowers pursuant to the Securities Borrowing Agreement and credit all such amounts received to the Collateral Account.
BTC shall receive, hold and administer any applicable Securities Loan Fee paid by any Borrower pursuant to a Securities Lending Agreement and credit all such amounts received to the applicable Account of the lending Fund.
BTC shall receive any applicable Securities Loan Fee paid by any Borrower pursuant to a Securities Lending Agreement and credit all such amounts received to the Earnings Account.
In connection with each Securities loan hereunder the Lender shall pay to the Bank a fee equal to 40% of (a) net realized income derived from Approved Investments, plus (b) any Securities Loan Fee paid or payable by the Borrower, minus (c) any Rebate paid by the Bank to the Borrower.
BGI shall receive any applicable Securities Loan Fee paid by any Borrower pursuant to a Securities Lending Agreement and credit all such amounts received to the Earnings Account.
Bank shall receive any applicable Securities Loan Fee paid by Borrowers and credit all such amounts received to the Collateral Account.
In connection with each Securities loan hereunder the Lender shall pay to the Bank a fee equal to 20% of (a) net realized income derived from Approved Investments, plus (b) any Securities Loan Fee paid or payable by the Borrower, minus (c) any Rebate paid by the Bank to the Borrower.
In connection with each Securities loan hereunder the Lender shall pay to the Bank a fee equal to 15% of (a) net realized income derived from Approved Investments, plus (b) any Securities Loan Fee paid or payable by the Borrower, minus (c) any Rebate paid to the Borrower.
In the event that for a given monthly period, the sum of Net Investment Income and Securities Loan Fee is less than the amount of the Rebates payable to Borrowers pursuant to the applicable Securities Borrowing Agreements, the Bank and the Lender shall be responsible for the shortfall in the same proportions as set forth in this Section 5.7. The Lender shall be responsible for any and all other amounts due to Borrowers under the applicable Securities Borrowing Agreements.
For the avoidance of doubt, any taxes required to be withheld at source from Securities Loan Fee shall be deducted from the amount credited to the Lender’s Collateral Account as described in this Section 5.7 (i.e., from the amount credited after payment of the amounts identified in clauses (i) and (ii) above), and to the extent that such amount is less than the amount of such taxes, then the Lender shall be responsible for any shortfall.

More Definitions of Securities Loan Fee

Securities Loan Fee means the amount payable by a Borrower to Bank in connection with Loans collateralized by Non-Cash Collateral.

Securities Loan Fee means any fee income received from a Borrower, including, without limitation, negative Rebates paid by a Borrower in connection with Securities loans, premiums in connection with non-cash Collateral and fees in connection with fee for hold or other arrangements.” (iii) Section 1 (Definitions) of the Agreement is hereby amended by adding the following new defined term in appropriate alphabetical order and renumbering all subsequent defined terms:

Securities Loan Fee means the fee payable to the Issuer by the Securities Loan Counterparty pursuant to the Securities Loan Agreement on the Securities Loan Maturity Date or on any earlier date on which the Securities Loan Agreement is terminated, being 0.20 per cent. per annum;

Securities Loan Fee means the quarterly fee payable to the Issuer by the Securities Loan Counterparty pursuant to the Securities Loan Agreement;

Securities Loan Fee means the amount, if any, payable by a Borrower to Bank pursuant to the Securities Borrowing Agreement in connection with Loans. 27. “Security” means any U.S. Security and/or Foreign Security and shall include U.S. Treasury securities maintained in the Book-Entry System, any other securities issued or fully guaranteed by the United States government or any agency, instrumentality, or establishment of the United States government, securities of federally-sponsored agencies, common stock and other equity securities, bonds, debentures, corporate debt securities, notes, mortgages or other obligations, and any certificates, warrants or other instruments representing rights to receive, purchase, or subscribe for the same, or evidencing or representing any other rights or interests therein. 28. “U.S Security” shall mean securities which are cleared and principally settled in the United States. 29. “Written Instructions” shall mean written communications actually received by Bank by S.W.I.F.T., letter, facsimile or other method or system specified by Bank as available for use in connection with the services hereunder. ARTICLE II