Daily Statement. On each Business Day, Bank shall send to Borrower and Lender a statement describing the Collateral held in Lender's Account as of the close of the prior Business Day. Such statement shall include a statement of the Market Value of such securities and/or cash as of the prior Business Day. Notwithstanding the foregoing, no statement will be sent if there are no securities or cash in Lender's Account as of the close of the prior Business Day. Lender and Borrower shall promptly review all such statements and shall promptly advise Bank of any error, omission or inaccuracy in the cash or Collateral positions reported. Bank shall undertake to correct any errors, failures or omissions that are reported to Bank by Lender or Borrower to the extent possible. Any such corrections shall be reflected on subsequent statements.
Appears in 1 contract
Sources: Custodial Undertaking in Connection With Securities Loan Agreement (Amkor Technology Inc)
Daily Statement. On each Business Day, Bank shall send to Borrower and --------------- Lender a statement describing the Collateral held in Lender's Account as of the close of the prior Business Day. Such statement shall include a statement of the Market Value of such securities and/or cash as of the prior Business Day. Notwithstanding the foregoing, no statement will be sent if there are no not securities or cash in Lender's Account as of the close of the prior Business Day. Lender and Borrower shall promptly review all such statements and shall promptly advise Bank of any error, omission or inaccuracy in the cash or Collateral positions reported. Bank shall undertake to correct any errors, failures or omissions that are reported to Bank by Lender or Borrower to the extent possible. Any such corrections shall be reflected on subsequent statements.
Appears in 1 contract
Sources: Securities Lending Authorization Agreement (Pimco Funds Multi Manager Series)