Common use of Receipt of Collateral; Approved Investments Clause in Contracts

Receipt of Collateral; Approved Investments. (a) For each loan hereunder the Bank shall (i) initially receive Collateral equivalent to no less than 102% of the Market Value of the Securities lent and (ii) thereafter shall request on a daily basis as necessary additional Collateral, which shall be an amount such that the value of the Collateral in no event be equivalent to less than 100% of the Market Value of the Securities lent (as determined in accordance with the applicable Securities Borrowing Agreement), and the Bank is hereby authorized and directed, without obtaining any further approval from the Lender, to invest and reinvest all or substantially all of the Cash Collateral received in any Approved Investment. The Bank shall credit all Collateral, Approved Investments and Distributions received with respect to Collateral and Approved Investments to the Collateral Account and xxxx its books and records to identify the Lender’s ownership thereof as appropriate.

Receipt of Collateral; Approved Investments. (a) For each loan hereunder the Bank shall (i) initially receive Cash Collateral equivalent to no less than 102% (105% in the case of loans of foreign securities denominated in non-U.S. dollars) of the Market Value market value of the Securities securities lent and (ii) thereafter shall request on a daily basis as necessary additional Collateral, which for Cash Collateral shall be an amount such that the value of the Cash Collateral in no event be equivalent to less than 100% of the Market Value market value of the Securities lent (as determined in accordance with the applicable Securities Borrowing Agreement), and the Bank is hereby authorized and directed, without obtaining any further approval from the Lender, to invest and reinvest all or substantially all of the Cash Collateral received in any Approved Investment. The Bank shall credit all Collateral, Approved Investments and Distributions received with respect to Collateral and Approved Investments to the Collateral Account and xxxx its books and records to identify the Lender’s 's ownership thereof as appropriate.

Receipt of Collateral; Approved Investments. (a) For each loan hereunder the Bank shall (i) initially receive Cash Collateral equivalent to no less than 102% of the Market Value market value of the Securities securities lent and (ii) thereafter shall request on a daily basis as necessary additional Collateral, which for Cash Collateral shall be an amount such that the value of the Cash Collateral in no event be equivalent to less than 100% of the Market Value market value of the Securities lent (as determined in accordance with the applicable Securities Borrowing Agreement), and the Bank is hereby authorized and directed, without obtaining any further approval from the Lender, to invest and reinvest all or substantially all of the Cash Collateral received in any Approved Investment. The Bank shall credit all Collateral, Approved Investments and Distributions received with respect to Collateral and Approved Investments to the Collateral Account and xxxx its books and records to identify the Lender’s 's ownership thereof as appropriate.

Receipt of Collateral; Approved Investments. (a) For each loan hereunder the Bank shall (i) initially receive Cash Collateral equivalent to no less than 102100% of the Market Value market value of the Securities securities lent and (ii) thereafter shall request on a daily basis as necessary additional Collateral, which for Cash Collateral shall be an amount such that the value of the Cash Collateral in no event be equivalent to less than 100% of the Market Value market value of the Securities lent (as determined in accordance with the applicable Securities Borrowing Agreement), and the Bank is hereby authorized and directed, without obtaining any further approval from the Lender, to invest and reinvest all or substantially all of the Cash Collateral received in any Approved Investment. The Bank shall credit all Collateral, Approved Investments and Distributions received with respect to Collateral and Approved Investments to the Collateral Account and xxxx mark its books and records to identify the Lender’s 's ownership thereof thxxxxf as appropriate.

Receipt of Collateral; Approved Investments. (a) For each loan hereunder the Bank shall (iI) initially receive Cash Collateral equivalent to no less than 102% of the Market Value market value of the Securities securities lent and (ii) thereafter shall request on a daily basis as necessary additional Collateral, which for Cash Collateral shall be an amount such that the value of the Cash Collateral in no event be equivalent to less than 100% of the Market Value market value of the Securities lent (as determined in accordance with the applicable Securities Borrowing Agreement), and the Bank is hereby authorized and directed, without obtaining any further approval from the Lender, to invest and reinvest all or substantially all of the Cash Collateral received in any Approved Investment. The Bank shall credit all Collateral, Approved Investments and Distributions received with respect to Collateral and Approved Investments to the Collateral Account and xxxx its books and records to identify the Lender’s 's ownership thereof as appropriate.

Receipt of Collateral; Approved Investments. (a) For each loan hereunder the Bank shall (i) initially receive Cash Collateral equivalent to no less than 102100% of the Market Value market value of the Securities securities lent and (ii) thereafter shall request on a daily basis as necessary additional Collateral, which for Cash Collateral shall be an amount such that the value of the Cash Collateral in no event be equivalent to less than 100% of the Market Value market value of the Securities lent (as determined in accordance with the applicable Securities Borrowing Agreement), and the Bank is hereby authorized and directed, without obtaining any further approval from the Lender, to invest and reinvest all or substantially all of the Cash Collateral received in any Approved Investment. The Bank shall credit all Collateral, Approved Investments and Distributions received with respect to Collateral and Approved Investments to the Collateral Account and xxxx mark its books and records to identify the Lender’s 's ownership thereof as xx appropriate.

Receipt of Collateral; Approved Investments. (a) For each loan hereunder the Bank shall (i) initially receive Cash Collateral equivalent to no less than 102100% of the Market Value market value of the Securities securities lent and (ii) thereafter shall request on a daily basis as necessary additional Collateral, which for Cash Collateral shall be an amount such that the value of the Cash Collateral in no event be equivalent to less than 100% of the Market Value market value of the Securities lent (as determined in accordance with the applicable Securities Borrowing Agreement), and the Bank is hereby authorized and directed, without obtaining any further approval from the Lender, to invest and reinvest all or substantially all of the Cash Collateral received in any Approved Investment. The Bank shall credit all Collateral, Approved Investments and Distributions received with respect to Collateral and Approved Investments to the Collateral Account and xxxx mxxx its books and records to identify the Lender’s 's ownership thereof as appropriate.