Allocation Procedures. On each Business Day, the Credit Facility Team shall seek to collect data on the uninvested cash of Funds listed on Schedule B hereto from such Funds’ custodian. On each occasion that a Fund delivers Borrowing Instructions to the Credit Facility Team, the Credit Facility Team will seek to match the amount and term of the Fund’s borrowing needs with the cash available from the Funds that have provided Lending Instructions in accordance with allocation and administrative procedures established by the Board of Trustees. The Credit Facility Team shall allocate the borrowing demand and lending needs among the Funds on what the Credit Facility Team deems to be an equitable basis and in accordance with the Interfund Lending Procedures. The Credit Facility Team shall not solicit cash for Loans from any Funds or publish or disseminate the amount of any current borrowing demand to the Adviser’s investment personnel. No Loan may be made unless the Interest Rate is more favorable for the Lender than both the OTD Rate and the Repo Rate and more favorable for the Borrower than the Bank Loan Rate.
Allocation Procedures. On each occasion that a Portfolio that has provided Borrowing Instructions to the Cash Management Team has borrowing needs, the Cash Management Team will seek to match the amount and term of the Portfolio's borrowing needs with the cash available from the Portfolios that have provided Lending Instructions in accordance with allocation and administrative procedures established by the Trustees. No Loan may be allocated to a Lender with respect to a Portfolio unless the Interest Rate is higher than the Repo Rate and, if applicable, the yield on LAP, and lower than the Bank Loan Rate.
Allocation Procedures. On each Business Day, the Credit Facility Team shall seek to collect data on the uninvested cash of Funds listed on Schedule B. The Credit Facility Team will seek to match the amount and term of the Fund’s borrowing needs with the cash available from the Funds that have provided Lending Instructions in accordance with allocation and administrative procedures established by the Board of Directors. The Credit Facility Team shall allocate the borrowing demand and lending needs among the Funds on what the Credit Facility Team deems to be an equitable basis and in accordance with the Interfund Lending Procedures. The Credit Facility Team shall not solicit cash for Loans from any Funds or publish or disseminate the amount of any current borrowing demand to the Funds’ portfolio managers. No Loan may be made unless the Interest Rate is more favorable for the Lender than the Repo Rate and more favorable for the Borrower than the Bank Loan Rate.
Allocation Procedures. 1. By 12:00 hours on the Day after the Day of Gas delivery, Sellers shall notify Buyer of the Allocated Quantity at the Delivery Point on such Day.
2. Buyer’s Allocated Quantity on any Day shall be calculated as the product of: (a) the Measured Quantity for such Day; and (b) the quotient of: (i) Buyer’s Scheduled Daily Quantity for the relevant Day; and (ii) the total of the scheduled daily quantities for all deliveries at the Delivery Point for the relevant Day.
3. Sellers and Buyer or Xxxxx’s designee shall countersign for each Day an acknowledgement of the Allocated Quantity of Gas delivered by Sellers and received by Buyer or Xxxxx’s designee on the previous Day at the Delivery Point.
Allocation Procedures. Short option Contracts may be subject to exercise at any time. Exercise notices received by UBS-S LLC with respect to option Contracts sold by Customer may be allocated to Customer pursuant to a random allocation procedure, and Customer shall be bound by any such allocation of exercise notices. Such notices may be allocated to Customer after the close of trading on the day on which such notices have been allocated to UBS-S LLC by the applicable contract market. In the event of any allocation to Customer, unless UBS-S LLC has previously received instructions from Customer, UBS-S LLC's sole responsibility shall be to use its best efforts to notify Customer by telephone of such allocation at any time before trading commences on the first day on which such option Contracts are traded on the applicable contract market following the day on which the applicable contract market has allocated such notices to UBS-S LLC.
Allocation Procedures. Within five business days after the Election Deadline, unless the Effective Time has not yet occurred, in which case as soon thereafter as practicable, FirstMerit shall cause the Exchange Agent to effect the allocation among the holders of CoBancorp Common Stock in accordance with the Election Forms as follows:
(a) Cash Elections Less Than Minimum Cash Consideration Amount. If the amount of cash that would be payable upon the conversion into cash of the Cash Election Shares is less than the Minimum Cash Consideration Amount (as determined by the Exchange Agent), then:
(i) all Cash Election Shares shall be converted into the right to receive the Per Share Cash Consideration.
(ii) the Exchange Agent shall select first from among the No Election Shares on a pro rata basis and then (if necessary) from among the Stock Election Shares on a pro rata basis, a sufficient number of shares ("Cash Designated Shares") on a pro rata basis such that the aggregate amount of the Per Share Cash Consideration that will be payable pursuant to the Merger equals as closely as practicable the Minimum Cash Consideration Amount, and all Cash Designated Shares shall be converted into the right to receive the Per Share Cash Consideration, and
(iii) the No Election Shares and the Stock Election Shares which are not Cash Designated Shares shall be converted into the right to receive the Per Share Stock Consideration; or
(b) Cash Elections More Than Maximum Cash Consideration Amount. If the amount of cash that would be payable upon the conversion into cash of the Cash Election Shares is greater than the Maximum Cash Consideration Amount (as determined by the Exchange Agent), then:
(i) all Stock Election Shares and No Election Shares shall be converted into the right to receive FirstMerit Common Stock,
(ii) the Exchange Agent shall select from among the Cash Election Shares on a pro rata basis, a sufficient number shares ("Stock Designated Shares") such that the amount of cash that will be payable pursuant to the Merger equals as closely as practicable, but not in excess of, the Maximum Cash Consideration Amount, and all Stock Designated Shares shall be converted into the right to receive the Per Share Stock Consideration, and
(iii) the Cash Election Shares which are not Stock Designated Shares shall be converted into the right to receive the Per Share Stock Consideration; or
(c) Cash Elections At Least Equal to Minimum Cash Consideration Amount and No More Than Maximum Cash Considerati...
Allocation Procedures. On each Business Day, the InterFund Program Team shall seek to collect data on the uninvested cash of each Lender. The InterFund Program Team will seek to match the amount and term of a Fund’s borrowing needs with the cash available from the Funds that have provided Lending Instructions in accordance with allocation and administrative procedures established by the Board of Trustees. The InterFund Program Team shall allocate the borrowing demand and lending needs among the Funds on what the InterFund Program Team deems to be an equitable basis and in accordance with the InterFund Lending Procedures. The InterFund Program Team shall not solicit cash for Loans from any Funds or publish or disseminate loan demand data to the portfolio managers of the Funds. The InterFund Program Team will invest all amounts remaining after satisfaction of borrowing demand in accordance with the instructions of each relevant portfolio manager, or such remaining amounts will be invested directly by the portfolio managers of the Funds. No Loan may be made unless the Interest Rate is more favorable for the Lender than the Repo Rate and more favorable for the Borrower than the Bank Loan Rate.
Allocation Procedures. At least annually, within 60 days of the Trust’s fiscal year end, or more frequently at the request of the Board, Administrator will submit to the Board for review and approval at the Board’s next regularly-scheduled meeting, the allocations of all charges and expenses covered by this Section 4 and the methodology and rationale therefor, including all such allocations between the Trust and Administrator and between and among the Funds.
Allocation Procedures. The Company shall make allocations of Profit and Loss and items thereof annually as of the end of the Fiscal Year within ninety (90) days after the end of the year. Items of income and deduction shall be allocated among the Members before Profit or Loss is allocated.
Allocation Procedures. On each Business Day, the Interfund Lending Team shall seek to collect data on the uninvested cash of Funds listed on Schedule B. The Interfund Lending Team will seek to match the amount and term of a Fund’s borrowing needs with the cash available from the Funds that have provided Lending Instructions in accordance with allocation and administrative procedures established by the applicable Board of Trustees. The Interfund Lending Team shall allocate the borrowing demand and lending needs among the Funds on what the Interfund Lending Team deems to be an equitable basis and in accordance with the Interfund Lending Procedures. The Interfund Lending Team shall not solicit cash for Loans from any Funds or publish or disseminate loan demand data to the portfolio managers of the Funds. The Interfund Lending Team will invest all amounts remaining after satisfaction of borrowing demand in accordance with the instructions of Touchstone, or such remaining amounts will be invested directly by Touchstone. No Loan may be made unless the Interest Rate is more favorable for the Lender than the Repo Rate and more favorable for the Borrower than the Bank Loan Rate.
