Recall of Loaned Securities Sample Clauses

Recall of Loaned Securities. Upon receiving a notice from the Advisor that Available Securities which have been lent to an Approved Borrower should no longer be considered Available Securities (whether because of the sale of such securities or otherwise), the Lending Agent shall notify promptly thereafter the Approved Borrower which has borrowed such securities that the loan of such securities is terminated and that such securities are to be returned within the time specified by the applicable SLA, provided that the Lending Agent may alternatively determine that it is in the best interests of another lending client of the Lending Agent to renew and restate such loan transaction on behalf, and in the name, of such other lending client and cause to be delivered to the Client an equivalent amount of such security from the assets of such other lending client (in which event such renewal and restatement of the loan shall constitute separate transactions between each lending client of the Lending Agent and the borrower and shall not be construed as a transaction between such lending clients).
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Recall of Loaned Securities. Upon receiving a notice from the Fund that Available Securities which have been lent to an Approved Borrower should no longer be considered Available Securities (whether because of the sale of such securities or otherwise), BBH&Co. shall (a) notify promptly thereafter the Approved Borrower which has borrowed such securities that the loan of such securities is terminated and that such securities are to be returned within the time specified by the applicable SLA, or (b) otherwise cause to be delivered to the Fund, at BBH&Co.’s discretion, an equivalent amount of such security if and to the extent available as a result of a loan of equivalent securities on behalf of other clients participating in BBH&Co.’s securities lending program (i.e., reallocation).
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Recall of Loaned Securities. Upon receiving a notice from Adviser that Available Securities that have been loaned to a Borrower should no longer be considered Available Securities or have been sold, Lending Agent shall notify promptly thereafter the Borrower that has borrowed such securities that the loan of such securities is terminated and that such securities are to be returned within the time specified by the applicable MSLA.
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Recall of Loaned Securities. Upon receiving a notice from the Fund that Available Securities which have been lent to an Approved Borrower should no longer be considered Available Securities (whether because of the sale of such securities or otherwise), BBH&Co. shall (a) notify promptly thereafter the Approved Borrower which has borrowed such securities that the loan of such securities is terminated and that such securities are to be returned within the time specified by the applicable SLA, or (b) otherwise cause to be delivered, at its discretion, an equivalent amount of such security if such amount is available to be loaned from assets of other clients participating in BBH&Co.'s securities lending program, to the Fund.
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Recall of Loaned Securities. Upon receiving a notice from the Adviser that Available Securities which have been lent to an Approved Borrower should no longer be considered Available Securities (whether because of the sale of such securities or otherwise), NFS shall either (a) notify promptly thereafter the Approved Borrower which has borrowed such securities that the loan of such securities is terminated and that such securities are to be returned within the time specified by the applicable SLA, or (b) determine that it is in the best interests of another lending client of NFS to renew and restate such loan transaction on behalf, and in the name, of such other lending client (in which event such renewal and restatement of the loan shall constitute separate transactions between each lending client of NFS and the borrower and shall not be construed as a transaction between such lending clients).
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Recall of Loaned Securities. In the event Xxxxxx desires to recall the securities, Xxxxxx shall notify his/her/its intention to the Investment Consultant on or before 12 noon. A recall of the securities after 12 noon may be deemed to constitute a recall thereof on the following business day. - In the event Xxxxxx recalls the securities, the Company will look for replacement securities from a new lender and then make a rematch thereof. Thereafter, it will return the securities to Lender. However, if the Company is not able to obtain the replacement securities, Xxxxxxxx must buy back the securities for Lender before noon of the business day following the date of their recall. However, the Company reserves the right to recall the securities and request a recall thereof immediately if so required and Borrower shall return them immediately. - In the event any privileges, such as XD, XR, XM etc., have been notified on the borrowed securities, the Company will at all events recall the securities, giving notice thereof at least 4 business days in advance of the posting of the mark. - In the event Xxxxxx recalls the securities or requests a withdrawal thereof, the party making such recall can sell the securities from the afternoon period of the following business day from the date of the recall or will at the latest receive the returned securities on or before business day T+3 counting from the date of the recall.
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Recall of Loaned Securities. In relation to any Borrowable Securities borrowed by Xxxxxx Xxxxxxx, the Lender may, upon giving Xxxxxx Xxxxxxx notice in accordance with the Agreement, only require redelivery of Loaned Securities to it where those Loaned Securities are required by the Lender to be delivered to satisfy any sale undertaken by the Lender. Further, should the Lender recall Loaned Securities in connection with such a sale, then Lender shall promptly make available substitute securities that are equivalent to the Borrowable Securities, as determined by Xxxxxx Xxxxxxx in its reasonable discretion, to lend to Xxxxxx Xxxxxxx pursuant to this Letter. Without prejudice to any other provision of this Letter, if: (i) any Borrowable Securities are recalled or otherwise made unavailable to Xxxxxx Xxxxxxx; and (ii) Lender is unable to provide acceptable substitute securities, in each case pursuant to the terms of this Letter, Xxxxxx Xxxxxxx may adjust the Fee to take account of the cost incurred by Xxxxxx Xxxxxxx in borrowing equivalent securities from third parties.
Sample 1
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Recall of Loaned Securities. Upon receiving a notice from the Adviser that Available Securities which have been lent to an Approved Borrower should no longer be considered Available Securities (whether because of the sale of such securities or otherwise), QA LLC shall notify promptly thereafter the Approved Borrower which has borrowed such securities that the loan of such securities is terminated and that such securities are to be returned within the time specified by the applicable SLA, provided that QA LLC may alternatively determine that it is in the best interests of another lending client of QA LLC to renew and restate such loan transaction on behalf, and in the name, of such other lending client and cause to be delivered to the Fund an equivalent amount of such security from the assets of such other lending client (in which event such renewal and restatement of the loan shall constitute separate transactions between each lending client of QA LLC and the borrower shall not be construed as a transaction between such clients.)
Sample 1

Related to Recall of Loaned Securities

  • LOANED SECURITIES Income due to each Portfolio on securities or other financial assets loaned shall be the responsibility of the applicable Fund. The Custodian will have no duty or responsibility in connection with loaned securities or other financial assets, other than to provide the Fund with such information or data as may be necessary to assist the Fund in arranging for the timely delivery to the Custodian of the income to which the Portfolio is entitled.

  • Legended Securities Each certificate for a Note will bear the legend contained in “Notice to Investors” in the Preliminary Offering Memorandum for the time period and upon the other terms stated in the Preliminary Offering Memorandum.

  • Issued Securities All issued and outstanding shares of Common Stock, Preferred Stock or any other securities of the Company have been duly authorized and validly issued and are fully paid and nonassessable. All outstanding shares of Common Stock, Preferred Stock and any other securities were issued in full compliance with all Federal and state securities laws. In addition:

  • Excluded Securities The rights of first refusal established by this Section 4 shall have no application to any of the following Equity Securities:

  • Restricted Securities Owners The Company agrees to advise in writing each of the persons or entities who, to the knowledge of the Company, holds Restricted Securities that such Restricted Securities are ineligible for deposit hereunder (except under the circumstances contemplated in Section 2.14) and, to the extent practicable, shall require each of such persons to represent in writing that such person will not deposit Restricted Securities hereunder (except under the circumstances contemplated in Section 2.14).

  • Agreement Not to Offer or Sell Additional Securities During the period commencing on the date hereof and ending on the Closing Date, the Company will not, without the prior written consent of the Representatives (which consent may be withheld at the sole discretion of the Representatives), directly or indirectly, sell, offer, contract or grant any option to sell, pledge, transfer or establish an open “put equivalent position” within the meaning of Rule 16a-1(h) under the Exchange Act, or otherwise dispose of or transfer, or announce the offering of, or file any registration statement under the Securities Act in respect of, any debt securities of the Company similar to the Notes or securities exchangeable for or convertible into debt securities similar to the Notes (other than as contemplated by this Agreement with respect to the Notes).

  • Notes and Warrants Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, the Company shall issue and sell to each Buyer, and each Buyer severally, but not jointly, shall purchase from the Company on the Closing Date (as defined below), a Note in the original principal amount as is set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers along with Warrants to acquire up to that aggregate number of Warrant Shares as is set forth opposite such Buyer’s name in column (4) on the Schedule of Buyers.

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