Placement Requirements. (a) Under the laws of some states, governmental units may submit deposits for placement through a deposit placement network only if the placing institution is located in the state and receives matching deposits of an equal maturity, if any, and an equal amount. (b) If you are a state governmental unit, or if you are otherwise subject to restrictions on the placement of deposits for you, you are responsible for determining whether deposit placement in accordance with this Agreement satisfies any applicable restrictions.
Appears in 5 contracts
Samples: Column Sweep Program Deposit Placement and Custodial Agreements, Ics Deposit Placement Agreement, Ics Deposit Placement Agreement
Placement Requirements. (a) Under the laws of some states, governmental units may submit deposits for placement through a deposit placement network only if the placing institution is located in the state and receives matching deposits of an equal maturity, if any, and an equal amount.
(b) If you are a state governmental unit, or if you are otherwise subject to restrictions on the placement of deposits for you, you are responsible for determining whether deposit placement in accordance with this Agreement satisfies any applicable restrictions.
Appears in 1 contract
Samples: Custody Agreement (New Mountain Guardian III BDC, L.L.C.)
