Collateral Substitutions. The Bank shall accept substitutions of ------------------------ Collateral in accordance with the applicable Securities Borrowing Agreement and shall credit all such substitutions to the Collateral Account, provided however that unless other Collateral has been mutually agreed upon in writing by the Bank and the Lender, no other Collateral may be substituted for Cash Collateral. Any substitutions of Collateral under this Section 4.5 shall be reported to the Lender as part of the Bank's daily reporting schedule.
Appears in 2 contracts
Sources: Securities Lending Agency Agreement (Allmerica Investment Trust), Securities Lending Agency Agreement (Allmerica Investment Trust)
Collateral Substitutions. The Bank shall accept substitutions of ------------------------ Collateral in accordance with the applicable Securities Borrowing Agreement and shall credit all such substitutions to the Collateral Account, provided however that unless other Collateral has been mutually agreed upon in writing by the Bank and the Lender, no other Collateral may be substituted for Cash Collateral. Any substitutions of Collateral under this Section 4.5 shall be reported to the Lender as part of the Bank's daily reporting schedule.
Appears in 1 contract
Sources: Securities Lending Agency Agreement (Allmerica Investment Trust)