Borrowing of Securities. Each Loan Party hereby authorizes the Lender, from time to time, to lend to itself, as principal or otherwise, or to others, any securities in the Securities Account irrespective of the Obligations outstanding at the relevant time. Each Loan Party agrees to execute and deliver to the Lender such agreements and other documents as the Lender may reasonably request in order to give effect to this Section 3.6.
Borrowing of Securities. When Borrower of securities has received a confirmation that the securities can be borrowed, the status of the borrowed securities will then appear on the trading account on the date of borrowing, with the flag “B”. - Borrower can check the borrowing status against the Investment Consultant or the SBL Confirmation Note sent to him/her/it by mail or electronic mail by the Company. - On having received a confirmation that the securities can be borrowed, Borrower can order a short sale thereof. However, Borrower may stipulate that a short sale be made immediately upon the borrowing of the securities. - In the event the Client desires to borrow securities, on having placed an order with or declared an intention in writing to the Investment Consultant or by telephone or by any other methods generally accepted or in accordance with the rules stipulated by the government service or the Company, the Client agrees to accept the result of such order and to hold that such order has been duly placed by the Client. - In the event the Company has announced a change in the securities permitted to be lent and borrowed to those not permitted, the Company has the right to recall the Loaned Securities from Borrower or return them to Lender immediately (as the case may be), provided the procedure for a recall or return (as the case may be) of the securities is conformed to. - A borrowing of any item of securities must not exceed the concentration rate specified by the Company.
