Discretionary Facility. It is acknowledged and agreed by each Borrower that each Lender has no obligation to make any Loan hereunder unless it has issued Lending Instructions, and that the decision whether or not to issue Lending Instructions under this Master Agreement is within the sole and exclusive discretion of each Lender. It is acknowledged and agreed by each Lender that no Borrower is obligated to borrow money hereunder unless it has issued Borrowing Instructions.
Appears in 40 contracts
Samples: Master Interfund Lending Agreement (Putnam Sustainable Leaders Fund), Master Interfund Lending Agreement (Putnam Funds Trust), Master Interfund Lending Agreement (Putnam Income Fund)
Discretionary Facility. It is acknowledged and agreed by each Borrower that each Lender has no obligation to make any Loan hereunder unless it has issued Lending Instructions, and that the decision whether or not to issue Lending Instructions under this Master Agreement is within the sole and exclusive discretion of each Lender. It is acknowledged and agreed by each Lender that no Borrower is obligated to borrow money hereunder unless it has issued Borrowing Instructions.
Appears in 37 contracts
Samples: Interfund Lending Agreement (Principal Funds, Inc.), Interfund Lending Agreement (Principal Variable Contracts Funds Inc), Interfund Lending Agreement (Principal Funds, Inc.)
Discretionary Facility. It is acknowledged and agreed by each Borrower that each Lender has no obligation to make any Loan hereunder unless it has issued Lending Instructions, and that the decision whether or not to issue Lending Instructions under this Master Agreement is within the sole and exclusive discretion of each LenderLender and may be changed at any time. It is acknowledged and agreed by each Lender that no Borrower is obligated to borrow money hereunder unless it has issued Borrowing Instructions.
Appears in 6 contracts
Samples: Master Interfund Lending Agreement (Bridge Builder Trust), Collateral Security Agreement (JNL Variable Fund LLC), Collateral Security Agreement (JNL Series Trust)
