Income Payments. Customer shall be entitled to receive with respect to any Hypothecated Security, an amount equal to any principal thereof and all interest, dividends or other distributions paid or distributed on or in respect of the Hypothecated Securities (“Income”) that is not otherwise received by Customer. BNPP PB, Inc. shall, on the date such Income is paid or distributed either transfer to or credit to the Special Custody Account such Income with respect to any Hypothecated Securities, provided that BNPP PB, Inc. shall make commercially reasonable efforts to return Hypothecated Securities receiving Income prior to the record date for a distribution.
Appears in 14 contracts
Samples: Account Agreement (Corporate Capital Trust, Inc.), Account Agreement (FS Energy & Power Fund), Account Agreement (Dividend & Income Fund)
Income Payments. Customer shall be entitled to receive with respect to any Hypothecated Security, an amount equal to any principal thereof and all interest, dividends or other distributions paid or distributed on or in respect of the Hypothecated Securities (“Income”) that is not otherwise received by Customer. BNPP PB, Inc. PB shall, on the date such Income is paid or distributed either transfer to or credit to the Special Custody Account such Income with respect to any Hypothecated Securities, provided that BNPP PB, Inc. PB shall make commercially reasonable efforts to return Hypothecated Securities receiving Income prior to the record date for a distribution.
Appears in 10 contracts
Samples: Account Agreement (FS Investment Corp IV), Account Agreement (Nexpoint Real Estate Strategies Fund), Pb Agreement (Fiduciary/Claymore Energy Infrastructure Fund)
Income Payments. Customer shall be entitled to receive with respect to any Hypothecated Security, an amount equal to any principal thereof and all interest, dividends or other distributions paid or distributed on or in respect of the Hypothecated Securities (“Income”) that is not otherwise received by Customer. BNPP PB, Inc. NY shall, on the date such Income is paid or distributed either transfer to or credit to the BNP Special Custody Account such Income with respect to any Hypothecated Securities, provided that BNPP PB, Inc. NY shall make commercially reasonable efforts to return Hypothecated Securities receiving Income prior to the record date for a distribution.
Appears in 6 contracts
Samples: Account Agreement (Midas Series Trust), Account Agreement (Midas Series Trust), Account Agreement (Midas Series Trust)
Income Payments. Customer shall be entitled to receive with respect to any Hypothecated Security, an amount equal to any principal thereof and all interest, dividends or other distributions paid or distributed on or in respect of the Hypothecated Securities (“Income”) that is not otherwise received by Customer. BNPP PB, Inc. NY shall, on the date such Income is paid or distributed either transfer to or credit to the Special Custody Account such Income with respect to any Hypothecated Securities, provided that BNPP PB, Inc. NY shall make commercially reasonable efforts to return Hypothecated Securities receiving Income prior to the record date for a distribution.
Appears in 5 contracts
Samples: Lending Agreement (Highland Global Allocation Fund), Lending Agreement (Highland Funds Ii), Lending Agreement (Midas Fund, Inc.)
Income Payments. Customer shall be entitled to receive with respect to any Hypothecated Security, an amount equal to any principal thereof and all interest, dividends or other distributions paid or distributed on or in respect of the Hypothecated Securities (“"Income”") that is not otherwise received by Customer. BNPP PB, Inc. PB shall, on the date such Income is paid or distributed either transfer to or credit to the Special Custody Account such Income with respect to any Hypothecated Securities, provided that BNPP PB, Inc. PB shall make commercially reasonable efforts to return Hypothecated Securities receiving Income prior to the record date for a distribution.
Appears in 1 contract
Samples: Account Agreement (Guggenheim Credit Allocation Fund)
Income Payments. Customer shall be entitled to receive with respect to any Hypothecated Security, an amount equal to any principal thereof and all interest, dividends or other distributions paid or distributed on or in respect of the Hypothecated Securities (“"Income”") that is not otherwise received by Customer. BNPP PB, Inc. shall, on the date such Income is paid or distributed either transfer to or credit to the Special Custody Account such Income with respect to any Hypothecated Securities, provided that BNPP PB, Inc. shall make commercially reasonable efforts to return Hypothecated Securities receiving Income prior to the record date for a distribution.
Appears in 1 contract
Samples: Pb Agreement (Guggenheim Enhanced Equity Income Fund (F/K/a Old Mutual/Claymore Long-Short Fund))
