Common use of MSLA Clause in Contracts

MSLA. Lender (on its behalf and on behalf of the Portfolios) hereby acknowledges receipt of the forms of MSLA and authorizes Lending Agent to lend Securities in the Account to Borrowers thereunder pursuant to an agreement substantially in the form thereof; it being understood and agreed, however, that Lending Agent may modify the MSLA without Lender's consent to comply with law or regulation.

MSLA. Lender (on its behalf and on behalf of the Portfolios) hereby acknowledges receipt of the forms of MSLA and authorizes Lending Agent Bank to lend Securities in the Account to Borrowers thereunder pursuant to an agreement substantially in the form thereof; it being understood and agreed, however, that Lending Agent Bank may modify the MSLA without Lender's ’s consent to comply with law or regulation.