Interfund Lending definition

Interfund Lending lending by a series advised by Columbia Management to one or more other series advised by Columbia Management, or borrowing by a series advised by Columbia Management from one or more other series advised by Columbia Management, in either case pursuant to an Interfund Lending Exemptive Order, or otherwise allowed by any Applicable Law.

Interfund Lending means lending by a registered investment company or a series thereof advised by the Investment Adviser to one or more other registered investment companies or series thereof advised by the Investment Adviser, or borrowing by a registered investment company or a series thereof advised by the Investment Adviser from one or more other registered investment companies or series thereof advised by the Investment Adviser, in either case pursuant to the Interfund Lending Exemptive Order issued by the Securities and Exchange Commission.

Interfund Lending means lending by an investment company or a series or portfolio of an investment company advised by the Investment Adviser or an Affiliate thereof to one or more other investment companies or series or portfolios of an investment company advised by the Investment Adviser or an Affiliate thereof, or borrowing by an investment company or a series or portfolio of an investment company advised by the Investment Adviser or an Affiliate thereof from one or more other investment companies or series or portfolios of an investment company advised by the Investment Adviser or an Affiliate thereof, in either case pursuant to an Interfund Lending Exemptive Order, or otherwise allowed by any applicable law.

Examples of Interfund Lending in a sentence

• Interfund Lending:The Trust and Adviser rely on an exemptive order granted by the SEC in March 2017 (the “Order”), permitting the establishment and operation of an Interfund Lending Facility (the “Facility”).

• The board of trustees is responsible for overseeing the Interfund Lending Program.

• A borrowing BlackRock fund may not borrow through the Interfund Lending Program or from any other source more than 33 1/3% of its total assets (or any lower threshold provided for by the fund’s investment restrictions).

• Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group ("Vanguard") participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard.

• Each Portfolio is currently permitted to borrow under the Interfund Lending Program.

• A lending portfolio may lend in aggregate up to 15% of its current net assets at the time of the interfund loan, but may not lend more than 5% of its net assets to any one borrowing portfolio through the Interfund Lending Program.

• A borrowing portfolio may not borrow through the Interfund Lending Program or from any other source if its total outstanding borrowings immediately after the borrowing would be more than 33 1/3% of its total assets (or any lower threshold provided for by the portfolio’s investment restrictions).

• The Interfund Lending Committee will monitor the Interfund Loan Rate and the other terms and conditions of the Interfund Loans and will make a quarterly report to the Trustees of each Fund concerning the participation of the Funds in the proposed credit facility and the terms and other conditions of any extensions of credit under the credit facility.

• The Fund is currently permitted to borrow and lend under the Interfund Lending Program.A lending BlackRock fund may lend in aggregate up to 15% of its net assets but may not lend more than 5% of its net assets to any one borrowing fund through the Interfund Lending Program.

• Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group (“Vanguard”) participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard.

More Definitions of Interfund Lending

Interfund Lending means lending by a registered investment company or a series thereof advised by the Investment Adviser to one or more other registered investment companies or series thereof advised by the Investment Adviser, or borrowing by a registered investment company or a series thereof advised by the Investment Adviser from one or more other registered investment companies or series thereof advised by the Investment Adviser, in either case pursuant to the Interfund Lending Exemptive Order.

Interfund Lending lending by a series or portfolio advised by the Investment Adviser to one or more other series or portfolio advised by the Investment Adviser, or borrowing by a series or portfolio advised by the Investment Adviser from one or more other series or portfolio advised by the Investment Adviser, in either case pursuant to an Interfund Lending Exemptive Order, or otherwise allowed by any Applicable Law.

Interfund Lending means lending by a registered investment company or an investment portfolio thereof advised by the Investment Adviser to one or more other registered investment companies or investment portfolios thereof advised by the Investment Adviser, or borrowing by a registered investment company or an investment portfolio thereof advised by the Investment Adviser from one or more other registered investment companies or investment portfolios thereof advised by the Investment Adviser, in either case pursuant to an Interfund Lending Exemptive Order issued by the Securities and Exchange Commission, or otherwise allowed by Applicable Law.

Interfund Lending lending by a registered investment company or an investment portfolio thereof advised by Deutsche IMA to one or more other registered investment companies or investment portfolios thereof advised by Deutsche IMA, or borrowing by a registered investment company or an investment portfolio thereof advised by Deutsche IMA from one or more other registered investment companies or investment portfolios thereof advised by Deutsche IMA, in either case pursuant to an Interfund Lending Exemptive Order issued by the Securities and Exchange Commission, or otherwise allowed by any Applicable Law.