APPROVED INVESTMENTS. In accordance with Section 6 of the Agreement, from and after the Effective Date, Cash Collateral received by the Lending Agent on behalf of the Funds shall be invested and maintained by the Lending Agent in the following Approved Investments: BNY MELLON SECURITIES LENDING OVERNIGHT FUND, a series of the BNY INSTITUTIONAL CASH RESERVES TRUST Client Acknowledges receipt of the Declaration of Trust of the BNY Institutional Cash Reserves and the Information Brochure (including Investment Objective and Policies) for the BNY Mellon Securities lending Overnight Fund. Agreed to and Approved by the Clients: DELAWARE GROUP ADVISER FUNDS, on behalf of its Funds identified on Schedule 1 DELAWARE GROUP EQUITY FUND I, on behalf of its Funds identified on Schedule 1 DELAWARE GROUP EQUITY FUNDS II, on behalf of its Funds identified on Schedule 1 DELAWARE GROUP EQUITY FUNDS III, on behalf of its Funds identified on Schedule 1 DELAWARE GROUP EQUITY FUNDS IV, on behalf of its Funds identified on Schedule 1 DELAWARE GROUP EQUITY FUNDS V, on behalf of its Funds identified on Schedule 1 DELAWARE GROUP INCOME FUNDS, on behalf of its Funds identified on Schedule 1 DELAWARE GROUP TAX-FREE FUND, on behalf of its Funds identified on Schedule 1 DELAWARE GROUP GLOBAL & INTERNATIONAL FUNDS, on behalf of its Funds identified on Schedule 1 DELAWARE GROUP GOVERNMENT FUND, on behalf of its Funds identified on Schedule 1 DELAWARE GROUP LIMITED-TERM GOVERNMENT FUNDS, on behalf of its Funds identified on Schedule 1 DELAWARE POOLED TRUST, on behalf of its Funds identified on Schedule 1 VOYAGEUR MUTUAL FUNDS III, on behalf of its Funds identified on Schedule 1 DELAWARE VIP TRUST, on behalf of its Funds identified on Schedule 1 DELAWARE INVESTMENTS DIVIDEND AND INCOME FUND, INC. DELAWARE INVESTMENTS GLOBAL DIVIDEND AND INCOME FUND, INC. DELAWARE INVESTMENTS ENHANCED GLOBAL DIVIDEND AND INCOME FUND, INC. By: /s/ Xxxxxxx Xxxxx Title: Chief Financial Officer Date: September 18, 2009 Agreed to and Approved by Lending Agent By: /s/ Xxxxx X. Xxxxxxx Title: First Vice President BNY Mellon Global Securities Lending Date: September 18, 2009 7 ATTACHMENT 2 to AMENDMENT TO SECURITIES LENDING AUTHORIZATION AGREEMENT which Amendment is made and effective as of September 22, 2009, by and between THE BANK OF NEW YORK MELLON, successor by operation of law to Mellon Bank, (the “Lending Agent”) and the Clients on behalf of their respective Funds. EXHIBIT D to SECURITIES LENDING AUTHORIZATION AGREEMENT dated July...
APPROVED INVESTMENTS. 1. U.S. Treasury Securities and general obligations fully guaranteed with respect to principal and interest by the U. S. Government.
APPROVED INVESTMENTS. (a) Bank is hereby authorized and directed, without obtaining any further approval from Lender, to invest and reinvest all or substantially all of the Cash Collateral received in any Approved Investment. Bank shall credit all Collateral, Approved Investments and Proceeds received with respect to Collateral and Approved Investments to the Collateral Account and mark its books and records to identify Lender's interest therein as xxxropriate, it being understood that all monies credited to the Collateral Account may for purposes of investment be commingled with cash collateral held for other lenders of securities for whom Bank acts as their respective agent. Bank reserves the right, in its sole discretion, to liquidate any Approved Investment and credit the net proceeds to the Collateral Account.
APPROVED INVESTMENTS. Each of the sub-funds may invest the assets on the account of its Investors exclusively in one or more of the following assets: Securities and money market instruments:
APPROVED INVESTMENTS. The securities lending agent is hereby authorized to invest and reinvest Cash Collateral in the following investments. Ratings descriptions specified in any category of investments listed below shall mean the rating that is assigned to the investment at the time that it is acquired. Investment Securities issued or fully guaranteed by the United States government and any agency, instrumentality or establishment of the United States government (“Government Securities”). Obligations issued by the central government of any member country of the Organization for Economic Co-operation and Development and any agency or instrumentality thereof (currency hedged) (“OECD Securities”). High-grade commercial paper, notes, bonds and other debt obligations including promissory notes, funding agreements and guaranteed investment contracts whether or not registered under the Securities Act of 1933, as amended. Such obligations may have fixed, floating, or variable rate interest payment provisions. Obligations maturing within one year shall be issued by issuers rated at least A-1 (by Standard & Poor’s) or P-1 (by Moody’s). Obligations maturing beyond one year shall be issued by issuers rated at least A (by Standard & Poor’s) or A2 (by Moody’s). Asset-Backed Securities which carry the highest credit rating by Standard & Poor’s or Moody’s. Certificates of deposit, time deposits and other bank obligations of U.S. banks, their branches and subsidiaries, and the branches and subsidiaries of foreign banks. Obligations will be rated A-1 (Standard & Poor’s) or P-1 (Moody’s) if maturing within one year, or be rated A (Standard & Poor’s) or A2 (Moody’s) if maturing beyond one year. Repurchase and reverse repurchase agreements collateralized by Approved Investments listed on this Schedule I and entered into with counterparties approved by The Bank of New York (including The Bank of New York and its affiliates). Securities, units, shares and other participations in money market funds, unregistered short-term investment funds, pools or trusts (including those managed by The Bank of New York). No more than 5% of the fund may be invested in the debt of any single issuer. No more than 25% of the fund may be invested in any single corporate or financial industry group. Bank instruments that mature in less than one week are exempt from this requirement. All instruments backed by the US Government are exempt from this requirement. The maximum percentage of the fund in commercial paper investe...
APPROVED INVESTMENTS. If Escrow Agent is delivered any investable funds, subject to the provisions hereof, the Escrow Agent is authorized to invest in any type of time account, certificate of deposit, repurchase obligation collateralized by government securities, or any other interest bearing certificate or account, selected at the sole discretion of the Escrow Agent. The Escrow Agent is authorized to redeem or terminate any such certificates or accounts, if required to deliver such funds in accordance herewith, and to forfeit any interest as a result of such redemption or termination.
APPROVED INVESTMENTS. (a) Bank is hereby authorized and directed, without obtaining any further approval from Lender, to invest and reinvest all or substantially all of the Cash Collateral received in any Approved Investment in accordance with Schedule I hereto (which may be amended from time to time by execution of a revised Schedule I). Bank shall credit all Collateral, Approved Investments and Proceeds received with respect to Collateral and Approved Investments to the Collateral Account and xxxx its books and records to identify Lender's interest therein as appropriate, it being understood that in placing orders for Approved Investments Bank may aggregate orders for Lender with orders for other lenders, it being further understood that after any such purchase of any Approved Investment Bank marks its books and records to credit the precise amount of the principal owned by Lender to its Collateral Account, and provided further that the amount owned by Lender is not less than the minimum tradeable denomination of such Approved Investment. Bank reserves the right, in its sole discretion, to liquidate any Approved Investment and credit the net proceeds to the Collateral Account.
APPROVED INVESTMENTS. (a) Bank may, in its discretion, subject to the applicable requirements of (“ERISA”), invest and reinvest any Cash Collateral (as defined in the Securities Lending Agreement) on behalf of Principal in any approved investments specified in Exhibit C (“Approved Investments”), as it may be amended from time to time. Bank may invest any or all of such Cash Collateral in any one or more of such investments, on any basis Bank determines to be appropriate and that is within the guidelines of the Exhibit C. Bank shall be entitled to pay or retain from any amounts held by Bank on Principal’s account from time to time in respect of any securities loan (i) all Cash Collateral Fees and other sums required to be paid in accordance with a Securities Lending Agreement, and (ii) Bank’s compensation or other amounts incurred by it or owed to it in respect of its services in lending securities hereunder.
APPROVED INVESTMENTS. (a) Bank is hereby authorized and directed, without obtaining any further approval from Lender, to invest and reinvest all or substantially all of the Cash Collateral received in any Approved Investment. Bank shall credit all Collateral, Approved Investments and Proceeds received with respect to Collateral and Approved Investments to Lender's Collateral Account, it being understood that all monies credited to such Collateral Account may for purposes of investment be commingled with cash collateral held for other lenders of securities for whom Bank acts as their respective agent. Bank shall remit to Lender the net earnings on Cash Collateral on a monthly basis, on or about the tenth Business Day after the end of the preceding month, and shall remit to Lender any loan fees that are paid by Borrowers in respect of Loans promptly upon Bank's receipt of such fees. In each case, the amount remitted to Lender may be reduced by the amount of any compensation due to Bank under paragraph 8 of Article V.
APPROVED INVESTMENTS
