Securities Loans. GSAL is authorized by each Lender to negotiate on the Lender's behalf with each borrower all terms of a securities loan, including the amounts or fees to be received or paid pursuant to the applicable SLA. GSAL shall prepare a transactional confirmation in respect of each loan effected pursuant to an SLA, setting forth the securities borrowed and the material terms of the loan, and shall transmit the same to the borrower in accordance with such SLA. Each Lender understands and agrees that the identity of such Lender will be disclosed by GSAL to a borrower under a securities loan at any time upon request of the borrower. The basis of GSAL’s compensation for its activities hereunder and in respect of any securities loan is set forth in Schedule 4 hereto.
Appears in 8 contracts
Samples: General Guarantee Agreement (Jp Morgan Mutual Fund Investment Trust), General Guarantee Agreement (Undiscovered Managers Funds), General Guarantee Agreement (JPMorgan Institutional Trust)
Securities Loans. GSAL is authorized by each Lender to negotiate on the Lender's ’s behalf with each borrower all terms of a securities loan, including the amounts or fees to be received or paid pursuant to the applicable SLA. GSAL shall prepare a transactional confirmation in respect of each loan effected pursuant to an SLA, setting forth the securities borrowed and the material terms of the loan, and shall transmit the same to the borrower in accordance with such SLA. Each Lender understands and agrees that the identity of such Lender will be disclosed by GSAL to a borrower under a securities loan at any time upon request of the borrower. The basis of GSAL’s compensation for its activities hereunder and in respect of any securities loan is set forth in Schedule 4 hereto.
Appears in 3 contracts
Samples: Securities Loan Agreement (Jpmorgan Trust Ii), Securities Loan Agreement (Jpmorgan Insurance Trust), Securities Loan Agreement (JPMorgan Trust I)
