Common use of Maintenance of Collateral Margin Clause in Contracts

Maintenance of Collateral Margin. In respect of Loans entered into on behalf of the Fund, BBH&Co. shall value on a daily basis, in accordance with the terms of the applicable SLA, the Loaned Securities and all Collateral and, where applicable, BBH&Co., in accordance with the provisions of the applicable SLA, shall request the Approved Borrower to deliver sufficient additional Collateral to the Fund to satisfy the applicable margin requirement. If, as a result of marking-to-market, Collateral is required to be returned to the Approved Borrower under the SLA, BBH&Co. shall take such actions as are reasonably necessary to liquidate investments of cash Collateral and otherwise return said Collateral to the Approved Borrower. BBH&Co, in determining the market value of securities, including without limitation Collateral, may rely upon any recognized pricing service and shall not be liable for errors made by said service.

Maintenance of Collateral Margin. In respect of Loans loans of securities entered into on behalf of the Fund, BBH&Co. shall will value on a daily basis, in accordance with the terms of the applicable SLA, the Loaned Securities loaned securities and all Collateral and, where applicable, BBH&Co.. shall, in accordance with the provisions of the applicable SLA, shall request the Approved Borrower to deliver sufficient additional Collateral to the Fund to satisfy the applicable margin requirementCollateral Requirement. If, as a result of marking-to-market, Collateral is required to be returned to the Approved Borrower under the SLA, BBH&Co. shall will take such actions as are reasonably necessary to liquidate investments of cash Collateral and otherwise return said such Collateral to the Approved Borrower. BBH&Co, in determining the market value of securities, including without limitation Collateralcollateral, may rely upon any recognized pricing service and shall not be liable for errors made by said such service.