Appointment of Lending Agent Sample Clauses

The Appointment of Lending Agent clause designates a specific party to act as the agent responsible for managing lending activities on behalf of another party or group. Typically, this clause outlines the agent’s authority to negotiate, execute, and administer loan agreements, as well as to communicate with borrowers and handle related documentation. By formally appointing a lending agent, the clause centralizes responsibility and streamlines the administration of lending transactions, ensuring efficiency and reducing the risk of miscommunication or procedural errors.
Appointment of Lending Agent. Each Client hereby authorizes the Lending Agent, as agent for its Funds, to lend US Securities and Foreign Securities, if any, (as hereinafter defined) held by the Lending Agent as custodian for its Funds to such borrowers as may be selected by the Lending Agent for the Program (each a “Borrower”) on a fully disclosed basis. Each Client hereby acknowledges that it is independent of the Lending Agent and that it has authority to execute this Agreement with the Lending Agent on behalf of its Funds. Each Client and the Lending Agent may mutually agree to add or delete one or more series funds covered by this Agreement by amending Schedule 1 attached hereto in writing signed by such Client and the Lending Agent.
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Appointment of Lending Agent. Each Client hereby authorizes the Lending Agent, as agent for its Funds, to lend US Securities and Foreign Securities, if any, (as hereinafter defined) held by the Lending Agent as custodian for its Funds to such borrowers as may be selected by the Lending Agent for the Program (each a "Borrower") on a fully disclosed basis. Each Client hereby acknowledges that it is independent of the Lending Agent and that it has authority to execute this Agreement with the Lending Agent on behalf of its Funds. Each Client and the Lending Agent may mutually agree to add or delete one or more series funds covered by this Agreement by amending Schedule 1 attached hereto in writing signed by such Client and the Lending Agent. The Lending Agent shall from time to time provide each Client with a list of the Borrowers in the Program but in no event less than ten (10) days prior to making any loan of its Funds' securities to any Borrower not previously disclosed. Each Client may, with written notice to the Lending Agent, restrict one or more Borrowers from borrowing securities from its Funds. Exhibit A attached hereto lists the Borrowers in the Program as of the date hereof.
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Appointment of Lending Agent. The Client hereby authorizes and appoints the Lending Agent, as the exclusive agent for each Fund to lend U.S. Securities and Foreign Securities (each as hereinafter defined) held by each such Fund to such borrowers as may be selected by the Lending Agent and approved in writing by the Client, for the Program (each a “Borrower”). An entity shall cease to be a Borrower for all purposes upon delivery by Client to Lending Agent of a notice to that effect. In addition, Lending Agent may terminate a Borrower’s status as such at any time. The Lending Agent shall provide the Client with a list of the Borrowers in the Program on at least a quarterly basis; provided, however, that any changes in the status of Borrowers shall be reflected on a revised list of Borrowers which will be provided by Lending Agent to Client promptly upon request. Exhibit A attached hereto lists the Borrowers in the Program as of the date hereof. Lending Agent shall use reasonable efforts to monitor the financial condition of each Borrower.
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Appointment of Lending Agent. The Client hereby authorizes the Lending Agent, as agent for the Funds, to lend US Securities and Foreign Securities, if any, (as hereinafter defined) held by the Lending Agent as custodian for the Funds to such borrowers as may be selected by the Lending Agent for the Program (each a "Borrower") on a fully disclosed basis. The Client hereby acknowledges that it is independent of the Lending Agent and that it has authority to execute this Agreement with the Lending Agent on behalf of the Funds. The Lending Agent shall from time to time provide the Client with a list of the Borrowers in the Program but in no event less than ten (10) days prior to making any loan of the Fund's securities to any Borrower not previously disclosed. The Client may, with written notice to the Lending Agent, restrict one or more Borrowers from borrowing securities from the Funds. Exhibit A attached hereto lists the Borrowers in the Program as of the date hereof. For purposes hereof and unless otherwise specified by the Lending Agent, (i) "U.S Securities" shall mean securities which are cleared and principally settled in the United States; and (ii) "Foreign Securities" shall mean securities which are cleared and principally settled outside of the United States.
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Appointment of Lending Agent. The Client, on behalf of each Fund, hereby authorizes and appoints the Lending Agent, as the exclusive agent for each Fund to lend U.S. Securities and Foreign Securities (each as hereinafter defined) held by each such Fund to such borrowers as may be selected by the Lending Agent for the Program (each a “Borrower”). The Client hereby acknowledges that it is independent of the Lending Agent and that it has authority to execute this Agreement with the Lending Agent on behalf of the Funds. The Lending Agent shall provide the Client with a list of the Borrowers in the Program from time to time but in no event less than five days prior to making any loan of a Fund’s securities to any borrower not previously disclosed. Exhibit A attached hereto lists the Borrowers which have been approved, as of the date hereof by the Client for the Funds. Exhibit A may be revised from time to time by the Lending Agent (i) to remove Borrowers;: or (ii) to add Borrowers with the prior written approval of the Client. In addition, the Client may, with written notice to the Lending Agent, restrict one or more Borrowers from borrowing securities from some or all of the Funds. For purposes hereof and unless otherwise specified by the Lending Agent, (i) “U.S. Securities” shall mean securities which are cleared and principally settled in the United States; and (ii) “Foreign Securities” shall mean securities which are cleared and principally settled outside of the United States. The Lending Agent shall evaluate and monitor the creditworthiness of Borrowers based upon credit quality standards and limits established by the Lending Agent for Borrowers in the Program from time to time.
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Appointment of Lending Agent. The Client hereby authorizes and appoints the Lending Agent, as the exclusive agent for each Fund to lend U.S. Securities and Foreign Securities (each as hereinafter defined) held by each such Fund to such borrowers as may be selected by the Lending Agent for the Program (each a “Borrower”). The Client hereby acknowledges that it is independent of the Lending Agent and that it has authority to execute this Agreement with the Lending Agent on behalf of the Funds. The Lending Agent shall provide the Client with a list of the Borrowers in the Program from time to time but in no event less than five days prior to making any loan of a Fund’s securities to any borrower not previously disclosed. Exhibit A attached hereto lists
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Appointment of Lending Agent. The Treasurer hereby authorizes and appoints securities lending agent as agent for the Fund, to lend securities of United States issuers and non-United States issuers held by the Fund to such borrowers as may be selected by Firm for the Program (each a “Borrower”). The Treasurer hereby acknowledges that it is independent of Firm and that the Treasurer has authority to execute this Agreement with Firm on behalf of the Fund. Firm shall, on a quarterly basis, provide the Treasurer with a list of the Borrowers in the Program. The Treasurer may, with written notice to Firm, restrict one or more Borrowers from borrowing securities from the Fund. Exhibit A attached hereto lists the Borrowers in the Program as of the date hereof.
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Appointment of Lending Agent. The Fund hereby appoints the Lending Agent as its agent to act as set forth in this Agreement and the Lending Agent hereby accepts the appointment as the Fund's agent and agrees to so act. The Fund agrees that the Lending Agent is acting as a fully disclosed agent and not as principal in connection with the loan of Securities. The Lending Agent shall have the right to disclose the identity of the Fund of any Portfolios to any Borrower or give notice that such identity is available upon request. The Lending Agent shall have the right to appoint agents to facilitate the performance of its duties hereunder, and to discharge any such agent, in each case without prior notice to the Fund, provided that any such agent shall be bound by the terms of this Agreement and provided further that the Lending Agent shall not delegate any of its substantive securities lending duties hereunder to an agent without the prior written approval of the Fund. Any reference to Lender in this Agreement shall be deemed a reference solely to the particular Portfolio to which a given lending transaction under this Agreement relates. Under no circumstances shall the rights, obligations, or remedies with respect to a particular Portfolio constitute a right, obligation or remedy applicable to any other Portfolio. In particular and without limiting the generality of the foregoing, the parties hereto agree that: (a) any event of default regarding one Portfolio shall not create any right or obligation with respect to any other Portfolio, (b) the Lending Agent shall not have any right to set off claims of a Portfolio by applying property of any other Portfolio, and (c) no Portfolio shall have the right to set off against assets or property held by a Borrower or the Custodian for any other Portfolio.
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Related to Appointment of Lending Agent

  • Appointment of Administrative Agent (a) Each Lender irrevocably appoints SunTrust Bank as the Administrative Agent and authorizes it to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent under this Agreement and the other Loan Documents, together with all such actions and powers that are reasonably incidental thereto. The Administrative Agent may perform any of its duties hereunder or under the other Loan Documents by or through any one or more sub-agents or attorneys-in-fact appointed by the Administrative Agent. The Administrative Agent and any such sub-agent or attorney-in-fact may perform any and all of its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions set forth in this Article shall apply to any such sub-agent or attorney-in-fact and the Related Parties of the Administrative Agent, any such sub-agent and any such attorney-in-fact and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. (b) The Issuing Bank shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents associated therewith until such time and except for so long as the Administrative Agent may agree at the request of the Required Lenders to act for the Issuing Bank with respect thereto; provided, that the Issuing Bank shall have all the benefits and immunities (i) provided to the Administrative Agent in this Article with respect to any acts taken or omissions suffered by the Issuing Bank in connection with Letters of Credit issued by it or proposed to be issued by it and the application and agreements for letters of credit pertaining to the Letters of Credit as fully as if the term “Administrative Agent” as used in this Article included the Issuing Bank with respect to such acts or omissions and (ii) as additionally provided in this Agreement with respect to the Issuing Bank.

  • Notification of Lenders Within five (5) Business Days after receiving any notice under this §7.5, the Agent will forward a copy thereof to each of the Lenders, together with copies of any certificates or other written information that accompanied such notice.

  • Replacement of Lender If (a) any Borrower is required pursuant to Section 3.1, 3.2 or 3.5 to pay any Indemnified Taxes or make any additional payment to any Lender or any Governmental Authority for the account of any Lender, (b) any Lender’s obligation to make or continue, or to convert Alternate Base Rate Advances into, Term SOFR Advances or to make Eurocurrency Advances shall be suspended pursuant to Section 3.3, (c) any Lender is a Defaulting Lender or (d) any Lender is a Non-Consenting Lender (any Lender so affected, an “Affected Lender”), the Borrower Representative may elect, if such amounts continue to be charged or such suspension or status as a Defaulting Lender or Non-Consenting Lender is still effective, to replace such Affected Lender as a Lender party to this Agreement, provided that no Default or Unmatured Default shall have occurred and be continuing at the time of such replacement, and provided further that, concurrently with such replacement, (i) another bank or other entity which is an Eligible Assignee shall agree, as of such date, to purchase for cash the Advances at par and other Obligations due to the Affected Lender pursuant to an assignment substantially in the form of Exhibit C and to become a Lender for all purposes under this Agreement and to assume all obligations of the Affected Lender to be terminated as of such date and to comply with the requirements of Section 12.2 applicable to assignments, and (ii) the Borrowers and/or the assignee shall pay to such Affected Lender in same day funds on the day of such replacement (A) all interest, fees and other amounts then accrued but unpaid to such Affected Lender by the Borrowers hereunder to and including the date of termination, including without limitation payments due to such Affected Lender under Sections 3.1, 3.2 and 3.5, and (B) an amount, if any, equal to the payment which would have been due to such Lender on the day of such replacement under Section 3.4 had the Loans of such Affected Lender been prepaid on such date rather than sold to the replacement Lender.

  • APPOINTMENT OF THE CALCULATION AGENT The Calculation Agent is appointed, and the Calculation Agent agrees to act, as Calculation Agent in respect of each Series of Notes described in the Schedule (the Relevant Notes) for the purposes set out in clause 2 and on the terms of this Agreement. The agreement of the parties that this Agreement is to apply to each Series of Relevant Notes shall be evidenced by the manuscript annotation and signature in counterpart of the Schedule.

  • Replacement of Lenders If any Lender requests compensation under Section 3.04, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, the Borrower may replace such Lender in accordance with Section 10.13.