Holding and Administration of Collateral Clause Samples

The holding-and-administration-of-collateral clause defines how collateral provided under an agreement is to be managed and safeguarded by the receiving party. It typically outlines the responsibilities for holding the collateral, such as maintaining it in a segregated account, ensuring its value is preserved, and possibly investing it according to agreed guidelines. This clause ensures that the collateral is properly protected and administered, reducing the risk of loss or misuse and providing assurance to the party providing the collateral that their interests are safeguarded.
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Holding and Administration of Collateral. All Collateral consisting of cash and securities shall be received, held and administered by BBH&CO (as set forth in Operational Procedures) for the benefit of the Fund in the applicable Custody Account or other account established for the purpose of holding Collateral. Collateral consisting of cash shall be placed in an investment listed in the attached Schedule 5 ("Permitted Investments") in accordance with Section 7 hereof. Collateral consisting of letters of credit shall be received, held and administered by BBH&CO for the benefit of the Fund in accordance with the terms of this Agreement and particularly of this Section 5.2.
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Holding and Administration of Collateral. All Collateral consisting of cash and securities shall be received (including, if applicable, upon transfer from the Fund’s custodian to BBH&Co. following a loan of US Securities delivered by the Fund’s custodian against receipt of cash Collateral from the Borrower), held and administered by BBH&Co. (as set forth in Operational Procedures) for the benefit of the applicable Fund in the applicable Custody Account or other account established for the purpose of holding Collateral. Collateral consisting of cash shall be placed in an investment listed in the attached Schedule 5 (“Permitted Investments”) in accordance with Section 7 hereof. Collateral consisting of letters of credit shall be received, held and administered by BBH&Co. for the benefit of the applicable Fund in accordance with the terms of this Agreement and particularly of this Section 5.2.
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Holding and Administration of Collateral. All Collateral consisting of cash and securities shall be received, held and administered by Lending Agent for the benefit of a Participating Fund in the applicable Custody Account or other account established for the purpose of holding Collateral. Collateral consisting of cash shall be placed in an investment listed in the attached Schedule 4 ("Permitted Investments") in accordance with Section 8 herein. To the extent permitted under the Investment Company Act of 1940, and as interpreted by the staff of the Securities and Exchange Commission, or pursuant to any exemptive order thereunder, cash Collateral may be commingled for investment purposes. Collateral consisting of letters of credit shall be received, held and administered by Lending Agent for the benefit of a Participating Fund in accordance with the terms of this Agreement.
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Holding and Administration of Collateral. All Collateral consisting of cash and securities shall be received (including, if applicable, upon transfer from the Fund’s custodian to BBH&Co. following a loan of US Securities delivered by the Fund’s custodian against receipt of U.S. dollar cash Collateral from the Approved Borrower), held and administered by BBH&Co. (as set forth in Operational Procedures) for the benefit of the Fund in the applicable Custody Account or other account established for the purpose of holding Collateral. Collateral consisting of cash shall be placed in an investment listed in the attached Schedule 4 (“Permitted Investments”) in accordance with Section 7 hereof.
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Holding and Administration of Collateral. All Collateral shall be received (including, if applicable, upon transfer from the Fund’s custodian to BBH&Co. following a loan of US Securities delivered by the Fund’s custodian against receipt of cash Collateral from the Borrower), held and administered by BBH&Co. (as set forth in Operational Procedures) for the benefit of the Fund in the applicable Custody Account or other account established for the purpose of holding Collateral. Collateral consisting of cash shall be placed in an investment listed in the attached Schedule 4 (“Permitted Investments”) in accordance with Section 7 hereof.
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Holding and Administration of Collateral 
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Holding and Administration of Collateral 
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Related to Holding and Administration of Collateral

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