Lending Agent definition

Lending Agent means State Street Bank and Trust Company acting in its capacity as agent for the Borrower under the Securities Lending Agreement.

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Lending Agent. A Clearing Participant who has been approved by the Clearing House to perform certain functions with respect to lending of Securities by the Lending Participant or the Lender to the Clearing House in a Bursa SBL Transaction as specified in these Rules or any directives, circulars or instructions issued by the Clearing House and who is appointed as an agent to act on behalf of the Lending Participant or the Lender in respect of these functions;

Lending Agent means State Street Bank and Trust Company acting in its capacity as agent for Borrower under the SLAA.

Examples of Lending Agent in a sentence

• The Lending Agent shall, where applicable, send timely instructions to the transfer agent of the Permitted Investment with respect to any cash transfers required to be completed in conjunction with any subscription or redemption in a Permitted Investment, and cause the Advisor and the Custodian to be notified of such investment.

• The Lending Agent shall use Collateral or the proceeds of such Collateral to the extent available to make such payments of distributions.

• If the Lending Agent determines that a Buy-In is commercially impracticable (for any reason other than price), the Lending Agent shall, in lieu of effecting a Buy-In, pay to the affected Client an amount equal to the market value of the loaned securities determined at the close of business on the date of the Default Event to be reduced by any shortfall diminution in the value of the Collateral due to reinvestment risk that is borne by the Client pursuant to Section 5.

• The Lending Agent shall not be liable for losses, costs, expenses or liabilities caused by or resulting from the acts or omissions of the Client or of any agent or third party custodian of the Client.

• The Lending Agent and the Client shall each have the right to consult with counsel with respect to their respective rights and duties hereunder and shall not be liable for actions taken or not taken in reliance on such advice.

More Definitions of Lending Agent

Lending Agent means a person who is authorised to lend shares as agent for a principal;

Lending Agent means State Street Bank and Trust Company, in its capacity as lending agent pursuant to a Securities Lending Agreement;

Lending Agent means PledgeMe or a person nominated by PledgeMe to administer the Loans and take Enforcement Action on behalf of the Participating Lenders. Loan means a loan made by Participating Lenders to a Borrower through the Platform.

Lending Agent means the Bank of New York Mellon, in its capacity as lending agent to the Brompton ETFs pursuant to the applicable Securities Lending Agreement.

Lending Agent means a third party who is not a party to a securities lending agreement but who provides support services to securities lenders including the monitoring of loans, the negotiation of lending fees or rebate rates, and the management of collateral;

Lending Agent means a company duly registered as a market maker, custodian, licensed dealing member or any other market participant who acts as a principal intermediary or an agent intermediary through whom

Lending Agent. China CITIC Limited (Zhuhai branch)* (中信銀行股份有限公司珠海分行) Amount of the Entrusted Loan: : RMB 100,000,000 Term: : One year Interest rate: : 10% per annum Repayment terms: : The Borrower shall repay in full the outstanding principal amount of Entrusted Loan II upon expiry of the Entrusted Loan II Security : The Entrusted Loan II is secured by the Properties The aggregate amount of the Entrusted Loans in the principal amount of RMB300,000,000 is financed by the internal resources of the Company.