Common use of Excess Collateral Clause in Contracts

Excess Collateral. If marking-to-market results in an amount of Collateral that is in excess of the margin amount that is required to be maintained pursuant to the SLA, NFS will reallocate or return such amount of excess Collateral pursuant to the terms of the SLA.

Appears in 3 contracts

Sources: Securities Lending Agency Agreement (Fidelity Rutland Square Trust II), Securities Lending Agency Agreement (Fidelity Cherry Street Trust), Securities Lending Agency Agreement (Fidelity Devonshire Trust)