Collateral Substitutions. Bank may accept substitutions of Collateral to the extent provided for in the applicable Securities Lending Agreement, provided that the market value of any Collateral so substituted shall equal or exceed the market value of any released Collateral.
Appears in 3 contracts
Sources: Assignment, Assumption and Consent (Federated U S Government Securities Fund 2-5 Years), Assignment, Assumption and Consent (Federated Government Income Trust), Assignment, Assumption and Consent (Federated MDT Equity Trust)