CDARS Funding Time Sample Clauses

CDARS Funding Time. Except as we otherwise inform you, the CDARS Funding Time for a CDARS Order Date is the CDARS Placement Request Time.

CDARS Funding Time. Except as we otherwise inform you, the CDARS Funding Time for a CDARS Order Date is as follows: the CDARS Placement Request Time other: SCHEDULE 2 TO CDARS DEPOSIT PLACEMENT AGREEMENT Although we will not place your funds through CDARS at any one Destination Institution in an amount that exceeds the FDIC standard maximum deposit insurance amount (“SMDIA”) of $250,000, your balances on deposit with us may exceed the SMDIA. For example, when funds of yours in an account with us are awaiting placement through CDARS, they will be subject to a single SMDIA until they are placed through CDARS and become deposits at Destination Institutions after CDARS settlement. If you cannot accept the risk of having deposits with us that exceed the SMDIA in these or other circumstances, it will be your responsibility to make arrangements with us to have the funds collateralized, protected by a properly-executed repurchase sweep arrangement, or otherwise adequately protected, in a manner consistent with applicable law. You should consult your legal advisor to determine whether a particular collateralization arrangement is consistent with applicable law. SCHEDULE 3 TO CDARS DEPOSIT PLACEMENT AGREEMENT