Funding the Loans. If a Loan has been allocated to a Lender and Borrower pursuant to Section 3.1.2 hereof, and the Loan is otherwise in compliance with the requirements set forth herein, in the Order and the InterFund Lending Procedures, the Lender shall make such Loan to the Borrower. The proceeds of each Loan made by the Lender to the Borrower shall be wired (or transferred if Borrower and Lender have the same custodian) at the Borrower’s expense in accordance with the wiring instructions for each Fund, as in effect from time to time, to an account maintained on the Borrower’s behalf by its custodian.
Appears in 6 contracts
Samples: Master Interfund Lending Agreement (Bridge Builder Trust), Master Interfund Lending Agreement (JNL Investors Series Trust), Master Interfund Lending Agreement (JNL Strategic Income Fund LLC)
