Substitution of Collateral. The Fund acknowledges and agrees that, pursuant to any SLA, BBH&Co. may permit an Approved Borrower to substitute Collateral, which is of the type specified in Section 5 hereto, during the term of any loan so long as the required margin in respect of such loan continues to be satisfied at the time of such substitution.
Appears in 8 contracts
Samples: Lending Agency Agreement (Pointbreak ETF Trust), Securities Lending Agency Agreement (Heartland Group Inc), Securities Lending Agency Agreement (USCF ETF Trust)
Substitution of Collateral. The Fund acknowledges and agrees that, pursuant to any SLA, BBH&Co. BBH&CO may permit an Approved Borrower to substitute Collateral, which is of the type specified in Section 5 hereto, during the term of any loan so long as the required margin in respect of such loan continues to be satisfied at the time of such substitution.
Appears in 5 contracts
Samples: Securities Lending Agency Agreement (Touchstone Variable Series Trust), Securities Lending Agency Agreement (Touchstone Strategic Trust), Securities Lending Agency Agreement (Nicholas Applegate Institutional Funds)
Substitution of Collateral. The Fund acknowledges and agrees that, pursuant to any SLA, BBH&Co. may permit an Approved Borrower to substitute Collateral, which is of the type specified in Section 5 heretohereof, during the term of any loan so long as Loan. Any said substitution of Collateral shall not reduce the required total value of Collateral held, unless said reduction is consistent with the margin in respect requirements of such loan continues to be satisfied at the time of such substitutionLoan.
Appears in 1 contract
Samples: Securities Lending Agency Agreement (Catholic Responsible Investments Funds)
Substitution of Collateral. The Fund acknowledges and agrees that, pursuant to any SLA, BBH&Co. may permit an Approved Borrower to substitute Collateral, which is of the type specified in Section 5 heretothe Operational Procedures, during the term of any loan so long as the required margin in respect of such loan continues to be satisfied at the time of such substitution.
Appears in 1 contract
Samples: Securities Lending Agency Agreement (American Beacon Funds)
Substitution of Collateral. The Fund acknowledges and agrees that, pursuant to any SLA, BBH&Co. may permit an the Approved Borrower to substitute Collateral, which is of the type specified in Section 5 hereto, during the term of any loan so long as the required margin in respect of such loan continues to be satisfied at the time of such substitution.
Appears in 1 contract
Substitution of Collateral. The Fund acknowledges and agrees that, pursuant to any SLA, BBH&Co. may permit an Approved Borrower to substitute Collateral, which is of the type specified in Section 5 heretohereof, during the term of any loan so long as the required margin Collateral Requirement in respect of such loan continues to be satisfied at the time of such substitution.
Appears in 1 contract
Samples: Securities Lending Agency Agreement (Krane Shares Trust)
