Lending Agents definition
Examples of Lending Agents in a sentence
Except as specifically provided in Section 9, the Lending Agent shall not be liable with respect to any losses incurred by any Fund in connection with the Program, except to the extent that such losses result from the Lending Agent's negligence, bad faith or willful misconduct in its administration of the Program.
Each Client on behalf of each of its Funds hereby indemnifies and agrees to defend, hold and save harmless the Lending Agent from any and all claims, actions, demands or lawsuits of any kind whatsoever arising in any way out of the performance of the Lending Agent's duties under this Agreement, except to the extent caused by the negligence, bad faith or willful misconduct of the Lending Agent in its administration of the Program.
Notwithstanding the foregoing, each Client acknowledges and agrees that the non-material provisions of the Lending Agent's agreement with any Borrower may differ from the Lending Agent's then current master form of Borrower Agreement (as attached hereto) as a result of the customary negotiation process between the Lending Agent and the Borrowers.
Adviser shall monitor and supervise the Lending Agent's performance of its duties and obligations under this Agreement.
Further, the Client on behalf of each Fund hereby indemnifies and agrees to defend, hold and save harmless the Lending Agent from any and all claims, actions, demands or lawsuits of any kind whatsoever arising in any way out of the performance of the Lending Agents duties under this Agreement, except to the extent caused by the negligence or willful misconduct of the Lending Agent in its administration of the Program.
The basis of Lending Agent's compensation for its activities hereunder and in respect of any loan of securities hereunder is set forth in Schedule 5, as the same may be amended from time to time upon the written agreement of the parties.
The Client authorizes and empowers the Lending Agent to execute in the Client's name all agreements and documents as may be necessary or appropriate in the Lending Agent's judgment to carry out the purposes of this Agreement.
The Bursa SBL Participants and Lending Agents must furnish to the Clearing House or the Commission any information or Documents in relation to any Bursa SBL Transaction as required by the Clearing House or the Commission from time to time.
Notwithstanding the foregoing, the Client acknowledges and agrees that the non-material provisions of the Lending Agent's agreement with any Borrower may differ from the Lending Agent's then current master form of borrower agreement (as attached hereto) as a result of the customary negotiation process between the Lending Agent and the Borrowers.
Except as otherwise set forth herein, and subject to the requirements of applicable law, the Lending Agent shall not be liable with respect to any losses incurred by the Client in connection with this securities lending program or under any provision hereof, except to the extent that such losses result from the Lending Agent's willful misfeasance, bad faith, negligence or reckless disregard in the performance of its duties under this Agreement.