Daily Allocation; Review and Consent. (a) The process for allocating Program Deposits, Program Withdrawals, and funds already on deposit reflects various considerations, including the need for certain Destination Institutions to receive deposits in amounts that they have placed for their own customers and possible limits on the amounts that an institution is authorized to place or a Destination Institution has agreed to receive. Applicable deposit amounts may change from day to day. Accordingly, the allocation of funds takes place each Business Day.
Appears in 5 contracts
Samples: Custody Agreement (New Mountain Guardian III BDC, L.L.C.), Banking Services Agreement, Ics Deposit Placement Agreement
