Common use of Termination of Participation in the Interfund Program Clause in Contracts

Termination of Participation in the Interfund Program. Each Lender and each Borrower may terminate its participation in this Master Agreement at any time at the election of Touchstone by written notice to the Interfund Lending Team; provided that on or before the date of any termination the relevant Lender or Borrower has no Loans outstanding. The Advisor may at any time by delivery of a revised Schedule A or Schedule B, as applicable, to the Interfund Lending Team add additional Funds that are eligible to rely on the Order as parties to this Master Agreement, whereupon those additional Funds shall be treated for all purposes as a Borrower and as a Lender, as applicable.

Appears in 4 contracts

Samples: Master Interfund Lending Agreement (Touchstone ETF Trust), Master Interfund Lending Agreement (Touchstone Institutional Funds Trust), Master Interfund Lending Agreement (Touchstone Variable Series Trust)

AutoNDA by SimpleDocs

Termination of Participation in the Interfund Program. Each Lender and each Borrower may terminate its participation in this Master Agreement at any time at the election of Touchstone the portfolio manager by written notice to the Interfund Lending Team; provided that on or before the date of any termination the relevant Lender or Borrower has no Loans outstanding. The Advisor Advisers may at any time by delivery of a revised Schedule A or Schedule B, as applicable, to the Interfund Lending Team add additional Funds that are eligible to rely on the Order as parties to this Master Agreement, whereupon those additional Funds shall be treated for all purposes as a Borrower and as a Lender, as applicable.

Appears in 4 contracts

Samples: Master Interfund Lending Agreement (Ivy Variable Insurance Portfolios), Master Interfund Lending Agreement (Invested Portfolios), Master Interfund Lending Agreement (Waddell & Reed Advisors Funds)

AutoNDA by SimpleDocs

Termination of Participation in the Interfund Program. Each Lender Lending Fund and each Borrower Borrowing Fund may terminate its participation in this Master Agreement at any time at the election of Touchstone by written notice to the Interfund Lending Team; provided that on or before the date of any termination the relevant Lender Lending Fund or Borrower Borrowing Fund has no Interfund Loans outstanding. The Advisor Adviser may at any time by delivery of a revised Schedule A or Schedule B, as applicable, to the Interfund Lending Team add additional Funds that are eligible to rely on the Order as parties to this Master Agreement, whereupon those additional Funds shall be treated for all purposes as a Borrower Borrowing Fund and as a LenderLending Fund, as applicable.

Appears in 1 contract

Samples: Master Interfund Lending Agreement (Columbia Funds Series Trust II)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!