Loaned Securities definition

Loaned Securities means Securities which are the subject of an outstanding Loan;

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Loaned Securities shall be those Securities which are loaned to the Borrower(s) by the Bank, securities identical to such Securities, or securities equivalent to such loaned securities in the event of a reorganization, recapitalization or merger affecting the originally loaned securities.

Loaned Securities means all securities loaned to the Borrower hereunder or an equal principal amount of the same issue or series and any securities issued in exchange therefor.

Examples of Loaned Securities in a sentence

• Lender may similarly apply the Collateral and any proceeds thereof to any other obligation of Borrower under this Agreement, including Borrower’s obligations with respect to Distributions paid to Borrower (and not forwarded to Lender) in respect of Loaned Securities.

• In the event that Lender shall exercise such rights, ▇▇▇▇▇▇▇▇’s obligation to return a like amount of the Loaned Securities shall terminate.

• Lender hereby waives the right to vote, or to provide any consent or to take any similar action with respect to, the Loaned Securities in the event that the record date or deadline for such vote, consent or other action falls during the term of the Loan.

• Non-cash Distributions that Lender is entitled to receive pursuant to Section 9.1 shall be added to the Loaned Securities on the date of distribution and shall be considered such for all purposes, except that if the Loan has terminated, Borrower shall forthwith transfer the same to Lender.

• Such agreement shall be confirmed (a) by a schedule and receipt listing the Loaned Securities provided by Borrower to Lender in accordance with Section 3.1, (b) through any system that compares Loans and in which Borrower and Lender are participants, or (c) in such other manner as may be agreed by ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇ in writing.

More Definitions of Loaned Securities

Loaned Securities means any Security transferred in a Loan hereunder until such Security (or an identical Security) is transferred back to Lender hereunder, except that, if any new or different Security shall be exchanged for any Loaned Security by recapitalization, merger, consolidation or other corporate action, such new or different Security shall, effective upon such exchange, be deemed to become a Loaned Security in substitution for the former Loaned Security for which such exchange is made. For purposes of return of Loaned Securities by Borrower or purchase or sale of Securities pursuant to Section 13, such term shall include Securities of the same issuer, class and quantity as the Loaned Securities, as adjusted pursuant to the preceding sentence.

Loaned Securities means securities subject to a Loan.

Loaned Securities has the meaning set forth in Section 13.5 hereof.

Loaned Securities. The Eligible Securities that are lent or borrowed.

Loaned Securities means, with respect to any Loan, the securities loaned by PFPC hereunder on behalf of Customer; and

Loaned Securities means, with respect to any Loan, the securities loaned by UBS on behalf of a Lending Client.

Loaned Securities means any security (as defined in the Exchange Act) that is transferred in a Loan until such security (or an identical security) is transferred back to Lender hereunder, except that if any new or different security shall be exchanged for any Loaned Security by recapitalization, merger, consolidation or other corporate action, such new or different security shall, effective upon such exchange, be deemed to become a Loaned Security in substitution for the former Loaned Security for which such exchange is made. For purposes of the return of Loaned Securities by Borrower or purchase or sale of securities in connection with the exercise of Lender's or Borrower's remedies hereunder, such term shall include securities of the same issuer, class and quantity as the Loaned Securities, as adjusted pursuant to the preceding sentence.