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.
Appears in 13 contracts
Samples: Interfund Loan Agreement (Aim Investment Securities Funds), Interfund Loan Agreement (Aim Special Opportunities Funds), Interfund Loan Agreement (Tax Free Investments Trust)
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 ’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.
Appears in 6 contracts
Samples: Interfund Loan Agreement (Aim Counselor Series Trust (Invesco Counselor Series Trust)), Interfund Loan Agreement (Aim Sector Funds (Invesco Sector Funds)), Interfund Loan Agreement (Aim Tax Exempt Funds (Invesco Tax-Exempt Funds))
