EX-99.(H)(26) 24 d479764dex99h26.htm FIRST AMENDMENT TO MASTER REPURCHASE AGREEMENT First Amendment to Master Repurchase Agreement

Exhibit (h)(26)

FIRST AMENDMENT TO

MASTER REPURCHASE AGREEMENT

BETWEEN EACH INVESTMENT COMPANY IDENTIFIED

ON SCHEDULE VII.A OF THE

MASTER REPURCHASE AGREEMENT

DATED AS OF JANUARY 1, 2008 AND

STATE STREET CORPORATION/

STATE STREET BANK AND TRUST COMPANY

This Amendment (this “Amendment”) dated as of November 25th 2014 is between each investment company identified on Schedule VII.A to the Master Repurchase Agreement dated as of January 1, 2008 (the “Funds”) and State Street Corporation and State Street Bank and Trust Company (collectively referred to as “State Street”), as in effect on the date hereof prior to giving effect to this Amendment (the “Master Repurchase Agreement”). The Funds would like to amend the Master Repurchase Agreement as set forth herein.

For value received, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties mutually agree to amend the Master Repurchase Agreement in the following respect:

 

  1. Definitions. All terms used herein and not otherwise defined shall have the meanings set forth in the Master Repurchase Agreement.

 

  2. Amendments. The Master Repurchase Agreement is hereby amended as follows: Annex I (Supplemental Terms and Conditions) of the Master Repurchase Agreement is amended by inserting the following as a new Section 13:

“13. Purchased Securities and Additional Purchased Securities. For purposes of this Agreement, for any Transaction in which an entity listed on Schedule VII.A hereto is acting as Buyer, “Purchased Securities” and “Additional Purchased Securities” shall consist only of those securities designated by the parties as Eligible Securities on Schedule I.A hereto, as may be amended from time to time.”

 

  3. Miscellaneous. Except to the extent specifically amended by this Amendment, the provisions of the Master Repurchase Agreement shall remain unmodified, and the Master Repurchase Agreement is ratified and affirmed as being in full force and effect. This Amendment, the Master Repurchase Agreement and the other documents and certificates referred to in the Master Repurchase Agreement constitute the entire understanding of the parties with respect to the subject matter thereof and supersede all prior and current understandings and agreements, whether written or oral. This Amendment shall be construed in accordance the laws of the State of New York.


  4. Effective Date. This Amendment shall be effective as of the date first written above.

IN WITNESS WHEREOF, the parties hereto execute this Amendment as an instrument under seal by their duly authorized officers by affixing their signatures below.

 

STATE STREET CORPORATION/

STATE STREET BANK AND TRUST COMPANY

   MASSMUTUAL SELECT FUNDS   

 

By:        /s/ Edward Novakoff                 

   By:        /s/ Nicholas Palmerino                   

 

Title:     Senior Vice President                

   Title:     CFO and Treasurer                        

 

Date:     December 10, 2014                    

   Date:     11/25/14                                          
MASSMUTUAL PREMIER FUNDS    MML SERIES INVESTMENT FUND   
By:        /s/ Nicholas Palmerino                    By:        /s/ Nicholas Palmerino                   
Title:     CFO and Treasurer                         Title:     CFO and Treasurer                        
Date:     11/25/14                                           Date:     11/25/14                                          
MML SERIES INVESTMENT FUND II      
By:        /s/ Nicholas Palmerino                      

Title:     CFO and Treasurer                     

     
Date:     11/25/14                                             


SCHEDULE I.A to the Master Repurchase Agreement (“MRA”) dated as of January 1, 2008 between each investment company identified on Schedule VII.A of the MRA acting on behalf of its respective series or portfolios, or in the case of those investment companies for which no separate series or portfolios are identified on such Schedule VII.A, acting for and on behalf of itself

SCHEDULE OF ELIGIBLE SECURITIES

 

           Yes/No              Margin                   Yes/No               Margin                     Yes/No            Margin   
US Treasuries          GNMA          Private Label MBS & CMOs      
BILLS             Yes                    102           Trust Receipts              No                                             MBS Pass Throughs             No                              
BONDS             Yes                    102           GNMA I/II - Single Family              Yes                        102              CMO Types:      
NOTES             Yes                    102           GNMA I/II - Others-Fixed Rate              No                                            

Residuals

            No                              
STRIPS             Yes                    102           GNMA I/II - Others-Adjust. Rate              Yes                        102             

Inverse IO Floaters

            No                              
SYNTHETIC TREASURIES             Yes                    102                   

IOetts

            No                              

(e.g. CATS, COUGRS, TIGRS)

         Agency* Mortgage Backs         

Interest Only (IO)

            No                              
         Trust Receipts              No                                            

Principal Only (PO)

            No                              
Agency Debentures          Pass Throughs-Fixed Rate             Yes                        102             

Inverse Floaters

            No                              
FAMC (Fed Agriculture Mtge Corp)             No                                    Pass Throughs -Adjust. Rate             Yes                        102             

Companion Floaters

            No                              
FCFAC (Farm Credit Finan. Asst.)             No                                    MBS Strips (IO, PO, Recomb)              No                                            

Sequential Floaters

            No                              
FFCB (Farm Credit System Banks)             Yes                    102                   

PAC & Other Sequential

Floaters

            No                              
FmHA (Farmers Home Admin.)             No                                      Agency* REMICS/CMOs         

Z Bonds

            No                              
FHLB (Federal Home Loan Banks)             Yes                    102           REMIC Types:         

Companion Bonds

            No                              
FHLMC (Federal Home Loan Mtge)             Yes                    102          

Residuals

             No                                            

Sequential Bonds

            No                              
FICO (Financing Corporation)             Yes                    102          

Inverse IO Floaters

             No                                            

TAC Bonds

            No                              
FLBB (Federal Land Bank Bonds)             No                                   

IOetts

             No                                            

PAC & Other Scheduled Bonds

            No                              
FNMA (Federal Nat’l Mtge Corp)             Yes                    102          

Interest Only (IO)

             No                                                  
REFCO (Resolution Funding Corp)             No                                   

Principal Only (PO)

             No                                             Asset Backed Securities      
SLMA (Student Loan Mtge Corp)             Yes                    102          

Inverse Floaters

             No                                             Credit Card & Other Asset Backs             No                              
TVA (Tennessee Valley Authority)             No                                   

Companion Floaters

             No                                                  
USPS (United States Postal Service)             No                                   

Sequential Floaters

            Yes                        102              Corporates      
AGENCY STRUCTURED NOTES             No                                   

PAC & Other Sequential

Floaters

            Yes                        102              Investment Grade (>BBB-)             No                              
        

Z Bonds

             No                                             Non-Investment Grade (<BB+)             No                              
International Agencies                             

Companion Bonds

             No                                             Medium-Term Note (>BBB-)             No                              
ADBB (Asian Development Bank)             No                                   

Sequential Bonds

            Yes                        102              Medium Term Note (<BB+)             No                              
AFDB (African Development Bank)             No                                   

TAC Bonds

            Yes                        102                   
IADB (Inter-American Dev. Bank)             No                                   

PAC & Other

Scheduled Bonds

            Yes                        102              Money Markets      
IFCO (International Finance Corp)             No                                             Commercial Paper (>A1/P1)             No                              
WLDB (World Bank)             No                                    Equities          Commercial Paper (<A2/P2)             No                              
         Common              No                                             Bankers Acceptance             No                              
Cash             Yes                    100           Preferred              No                                             CD (Domestic & Euro)             No                              
                  Bank Notes             No                              
               *Agency refers to GNMA, FNMA and FHLMC                 
Institution:    Each Investment Company
identified on Schedule VII.A to the
Master Repurchase
Agreement, as amended from time
to time
             Institution:      State Street Corporation and/or
State Street Bank and Trust
Company
         
Signature of Authorized Signor:              /s/ Nicholas Palmerino                 Signature of Authorized Signor:     

          /s/ Edward Novakoff          

     
Date:                      11/25/2014                                 Date:                 December 10, 2014