Treasury Policies Applicable to Advances. Each of the Borrower and RUS understands and consents to the following Treasury financial management policies generally applicable to all advances of funds:
Treasury Policies Applicable to Advances. Each of the Borrower and RUS understands and consents to the following Treasury financial management policies generally applicable to all advances of funds: (a) each Advance will be requested by the Borrower, and each Advance Request will be approved by RUS, only at such time and in such amount as shall be necessary to meet the immediate payment or disbursing need of the Borrower; (b) Advances for investment purposes, other than to make loans permitted by the Guarantee Authority, will not be requested by the Borrower or approved by RUS; and (c) all interest earned on any lawful and permitted investment of Advances, other than loans permitted by the Guarantee Authority to be made, in excess of the interest accrued on such Advances, the fee payable under paragraph 9 of the Bond accrued on such Advances, and the guarantee fee payable on such Advances under article IV of the Bond Guarantee Agreement, will be remitted to FFB. Section 7.3
Treasury Policies Applicable to Advances. Each of the Borrower and the Secretary understands and consents to the following Treasury financial management policy applicable to all Advances under this Agreement: each Advance will be requested by the Borrower, and each Advance Request will be approved by the Secretary, only to reimburse the Borrower for expenditures that it has made from its own working capital.
Treasury Policies Applicable to Advances. Each of the Qualified Issuer and the CDFI Fund understands and consents to the following Treasury financial management policies generally applicable to all advances of funds:
