Manufactured Payments. Where Income is paid in relation to any Loaned Securities or Collateral (other than Cash Collateral) on or by reference to an Income Payment Date Borrower, in the case of Loaned Securities, and Lender, in the case of Collateral, shall, on the date of the payment of such Income, or on such other date as the Parties may from time to time agree, (the “Relevant Payment Date”) pay and deliver a sum of money or property equivalent to the type and amount of such Income that, in the case of Loaned Securities, Lender would have been entitled to receive had such Securities not been loaned to Borrower and had been retained by Lender on the Income Payment Date, and, in the case of Collateral, Borrower would have been entitled to receive had such Collateral not been provided to Lender and had been retained by Borrower on the Income Payment Date unless a different sum is agreed between the Parties.
Manufactured Payments. Where any Income is paid on any Settlement Securities which are the subject of a Settlement Facility, the Client will pay to MSI plc, on the payment date of any such Income, an amount of money equal to the same, together with an amount equal to any deduction, withholding or payment for or on account of any tax together with an amount equal to any tax credit associated with any such Income, unless MSI plc has agreed that an appropriate tax voucher may be provided in lieu of any such amount.
Manufactured Payments. The paragraph 6.1 of the GMSLA 2000 and paragraph 4.2(b) of the Overseas Securities Lender Agreement shall take effect as modified below: The current language will be renumbered sub-paragraph (i), and the following shall be added after the last sentence of the new sub-paragraph (i): “Sub-paragraphs (ii) and (iii) below shall apply in relation thereto.” The following new sub-paragraphs shall be added: Any payment made pursuant to sub-paragraph (i) above shall be made without deduction or withholding for or on account of any Tax unless such deduction or withholding is required under the Code. When determining whether any such deduction or withholding is required under sub-paragraph (i) above, Borrower, in the case of Loaned Securities, or Lender, in the case of Collateral, shall (in each case acting reasonably) take account of: any warranties made by the other Party under this Addendum; and any relevant form, documentation, warranty, representation, certification or notice provided by the other Party. Where deduction or withholding for or on account of US Tax is required in accordance with sub-paragraph (ii), in the case of Loaned Securities, the amount payable by Borrower or, in the case of Collateral, the amount payable by Lender, shall be equal to the amount of the Income required to be paid pursuant to sub-paragraph (i). Borrower, in the case of Loaned Securities, or Lender, in the case of Collateral, shall also be required to deliver to the other Party in lieu of such deduction or withholding Evidence of US Tax deducted or withheld by Borrower or Lender, as the case may be. Any such documentation shall be accurate and completed in a manner reasonably satisfactory to such other Party and shall be executed and delivered with any reasonably required certification by such date as is agreed between the Parties or, failing such agreement, as soon as reasonably practicable.
Manufactured Payments. 12.1. If the Investor holds a Long CFD Position through the last day to trade in respect of a dividend on the relevant underlying Reference Security, then:
Manufactured Payments. 3.1Paragraph 6.1 of the Agreement shall take effect as if it had been replaced by the following sub-paragraphs.
Manufactured Payments. NET PAYING UK SECURITIES Lender, in relation to any Loan of Net Paying UK Securities, and Borrower, in relation to any Non-Cash Collateral in the form of any Net Paying UK Securities provided, warrants to the other Party on a continuing basis that, unless otherwise notified:
Manufactured Payments. REIT SHARES Lender, in relation to any Loan of any REIT Shares, and Borrower, in relation to any Non-Cash Collateral in the form of any REIT Shares, warrants to the other Party on a continuing basis that, unless otherwise notified:
Manufactured Payments. PAIF SHARES Lender, in relation to any Loan of any PAIF Shares, and Borrower, in relation to any Non-Cash Collateral in the form of any PAIF Shares, warrants to the other Party on a continuing basis that, unless otherwise notified, the warranties in paragraphs 5 and 6 of this Addendum shall apply in relation to any payment made under paragraph 6.1(i) in respect of such shares as if such paragraphs referred to PAIF Shares.
Manufactured Payments. Where Income is paid in relation to any of the Loaned Securities on or by reference to an Income Payment Date which occurs between the date of delivery of the Loaned Securities by the Lender to the Borrower and the date of the redelivery to the Lender of Equivalent Securities in respect of any such Loaned Securities by the Borrower, the Borrower shall, no later than three Business Days after the date on which the Income is paid by the Company to holders of its Shares, or on such other date as the Parties may from time to time agree (the “Relevant Payment Date”), pay and deliver to the Lender a sum of money or property equivalent to the type and amount of such Income that the Lender would have been entitled to receive had such Loaned Securities not been loaned to Borrower and had been retained by the Lender on the Income Payment Date without any deduction (the “Manufactured Dividend”) subject to paragraph 6.2 below. The payment of any Manufactured Dividend shall be made to the following account of the Lender (the “Lender’s Account”), or otherwise advised by the Lender prior to payment no less than two Business Days prior to payment: Bank: Standard Chartered Bank (Hong Kong) Limited Name of Account: China Mengniu Dairy Company Limited Account No.: 447-1-121042-2
