Loan of Securities. During the term of any securities loan, each Participating Fund shall permit the loaned securities to be transferred, pursuant to an MSLA, into the name of and voted (where applicable) by an Approved Borrower. Lending Agent is authorized in its discretion to terminate any securities loan entered into with a Borrower without notice to the Participating Fund or Adviser, subject to the conditions of the relevant MSLA. Adviser may instruct Lending Agent to terminate any loan on any date, subject to the conditions of the relevant MSLA. Lending Agent shall promptly comply with any such instruction.
Appears in 6 contracts
Samples: Securities Lending Agency Agreement (Wells Fargo Master Trust), Securities Lending Agency Agreement (Wells Fargo Funds Trust), Securities Lending Agency Agreement (Wells Fargo Funds Trust)
