Available Securities definition

Available Securities means the securities of the Funds that are available for Loans pursuant to Section 3.

Available Securities means the Unsubscribed Securities that any Commitment Party fails to purchase as a result of a Commitment Party Default by such Commitment Party.

Available Securities is defined in Section 2(a).

Examples of Available Securities in a sentence

• Each Fund hereby appoints and authorizes State Street as its agent to lend Available Securities to Borrowers in accordance with the terms of this Agreement.

• Each Fund acknowledges that it will not be entitled to participate in any dividend reinvestment program or to vote with respect to Available Securities that are on loan on the applicable record date for such Available Securities.

• The Client authorizes the lending of Available Securities to any one or more of the institutions approved by the Client, the Client’s Board of Directors/Trustees and/or the Client’s Advisor, in accordance with the Funds’ Guidelines and Procedures for Lending of Securities (“Securities Lending Guidelines”) (each, an “Approved Borrower”).

• For purposes of this Agreement, “Securities Loan Fees” shall mean the amount payable by an Authorized Borrower to the Lending Agent, as agent to the Fund, pursuant to the applicable SLA in connection with the loan of Available Securities, if any, collateralized by collateral other than Cash Collateral.

• In connection with the lending of Available Securities, a Fund shall pay to the Lending Agent a percentage (the “Lending Agent Fee Percentage”) of the net amount earned from securities lending activities, consisting of income earned on the investment and reinvestment of Cash Collateral plus any Securities Loan Fees otherwise paid by the Authorized Borrowers.

More Definitions of Available Securities

Available Securities means the Eligible Securities specified in Schedule A of the Certificate of Available Securities most recently delivered to the Collateral Agent and RUS.

Available Securities means the securities available to be loaned hereunder, as described in Section 1 hereof.

Available Securities has the meaning set forth in Section 11.2 hereof.

Available Securities means the Backstop Securities, Holdback Securities and/or Additional Notes that any Backstop Party fails to purchase as a result of a Backstop Party Default by such Backstop Party.

Available Securities means with respect to any Client and on any date, those securities held or maintained in its Client Account, other than those securities that Client has designated by written notice to UBS as not being available for Loans.

Available Securities has the meaning set forth in Section 3.3(c).

Available Securities means the securities of which the Client is the sole beneficial owner and which are available in the Account free from any mortgage, pledge, charge, lien or any other form of encumbrance or security interest of any kind whatsoever or howsoever arising on or over such securities/futures contract.