Distributions on Loaned Securities. Except as provided in the next sentence, all interests, dividends, and other distributions paid with respect to loaned Securities shall be credited to the Lender's Account on the date such amounts are delivered by the Borrower to the Bank. Any non-cash distribution on loaned Securities which is in the nature of a stock split or a stock dividend shall be added to the applicable loan (and shall be considered to constitute loaned Securities) as of the date such non-cash distribution is received by the Borrower.
Appears in 8 contracts
Samples: Securities Lending Agency Agreement (CDC Nvest Funds Trust I), Securities Lending Agency Agreement (CDC Nvest Funds Trust Iii), Securities Lending Agency Agreement (CDC Nvest Funds Trust Ii)
Distributions on Loaned Securities. Except as provided in the next sentence, all interests, dividends, and other distributions paid with respect to loaned Securities shall be credited to the Lender's Account account on the date such amounts are delivered by the Borrower to the Bank. Any non-cash distribution on loaned Securities which is in the nature of a stock split or a stock dividend shall be added to the applicable loan (and shall be considered to constitute loaned Securities) as of the date such non-cash distribution is received by the Borrower.
Appears in 4 contracts
Samples: Securities Lending Agency Agreement (Memorial Funds), Securities Lending Agency Agreement (Julius Baer Investment Funds), Securities Lending Agency Agreement (E Trade Funds)
Distributions on Loaned Securities. Except as provided in the next ---------------------------------- sentence, all interests, dividends, and other distributions paid with respect to loaned Securities shall be credited to the Lender's Account on the date such amounts are delivered by the Borrower to the Bank. Any non-cash distribution on loaned Securities which is in the nature of a stock split or a stock dividend shall be added to the applicable loan (and shall be considered to constitute loaned Securities) as of the date such non-cash distribution is received by the Borrower.
Appears in 2 contracts
Samples: Securities Lending Agency Agreement (CDC Nvest Funds Trust I), Securities Lending Agency Agreement (CDC Nvest Funds Trust Iii)
Distributions on Loaned Securities. Except as provided in the next sentence, all interests, dividends, and other distributions paid with respect to loaned Securities shall be credited to the Lender's Account account on the date such EXHIBIT (h4) ------------ amounts are delivered by the Borrower to the Bank. Any non-cash distribution on loaned Securities which is in the nature of a stock split or a stock dividend shall be added to the applicable loan (and shall be considered to constitute loaned Securities) as of the date such non-cash distribution is received by the Borrower.
Appears in 1 contract
Samples: Securities Lending Agency Agreement (Julius Baer Investment Funds)
Distributions on Loaned Securities. Except as provided in the next sentence, all interests, dividends, and other distributions paid with respect to loaned Securities shall be credited to the Lender's Account ’s account on the date such amounts are delivered by the Borrower to the Bank. Any non-cash distribution on loaned Securities which is in the nature of a stock split or a stock dividend shall be added to the applicable loan (and shall be considered to constitute loaned Securities) as of the date such non-cash distribution is received by the Borrower.
Appears in 1 contract
Samples: Securities Lending Agency Agreement (Glenmede Fund Inc)
