BORROWERS' RELATIONSHIP TO FUNDS. The assets of each Fund for whose benefit Loans are borrowed by the applicable Borrower are subject to and liable for such Loans and are available to the applicable Borrower for the repayment of such Loans.
Appears in 8 contracts
Samples: Facility Agreement (Usaa State Tax Free Trust), Facility Agreement (Usaa State Tax Free Trust), Facility Agreement (Usaa Tax Exempt Fund Inc)
BORROWERS' RELATIONSHIP TO FUNDS. The assets of each Fund for whose benefit Loans are borrowed by the applicable Borrower are subject to and liable for such Loans and are available (except as subordinated to borrowings under the NationsBank committed facility) to the applicable Borrower for the repayment of such Loans.
Appears in 8 contracts
Samples: Facility Agreement (Usaa Tax Exempt Fund Inc), Facility Agreement (Usaa State Tax Free Trust), Facility Agreement (Usaa Investment Trust)
BORROWERS' RELATIONSHIP TO FUNDS. The assets of each Fund for whose benefit Loans are borrowed by the applicable Borrower are subject to and liable for such Loans and are available (except as subordinated to borrowings under the NationsBank committed facility) to the applicable Borrower for the repayment of such Loans.; and
Appears in 5 contracts
Samples: Facility Agreement (Usaa Tax Exempt Fund Inc), Facility Agreement (Usaa State Tax Free Trust), Facility Agreement (Usaa Investment Trust)
BORROWERS' RELATIONSHIP TO FUNDS. The assets of each Fund for whose benefit Loans are borrowed by the applicable Borrower are subject to and liable for such Loans and are available to the applicable Borrower for the repayment of such Loans.; and
Appears in 4 contracts
Samples: Facility Agreement (Usaa Tax Exempt Fund Inc), Facility Agreement (Usaa Investment Trust), Facility Agreement (Usaa State Tax Free Trust)
BORROWERS' RELATIONSHIP TO FUNDS. The assets of each Fund for whose benefit Loans are borrowed by the applicable Borrower are subject to and liable for such Loans and are available (except as subordinated to borrowings under the Bank of America committed facility) to the applicable Borrower for the repayment of such Loans.; and
Appears in 3 contracts
Samples: Facility Agreement (Usaa State Tax Free Trust), Facility Agreement (Usaa Tax Exempt Fund Inc), Facility Agreement (Usaa Investment Trust)
