Interfund Lending Procedures definition

Interfund Lending Procedures means the procedures set forth in this Master Agreement and such other procedures as may be approved and adopted from time to time by the Board of Trustees of the applicable Trust, including a majority of the trustees who are not “interested persons” as that term is used in Section 2(a)(19) of the 1940 Act.
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Examples of Interfund Lending Procedures in a sentence

  • The proceeds of each Loan made hereunder with respect to any Fund shall be used only by such Fund in accordance with its Prospectus and Statement of Additional Information for temporary purposes to satisfy redemption requests, to cover unanticipated cash shortfalls such as a Sales Fail, or for other temporary purposes as permitted by the Interfund Lending Procedures.

  • The Credit Facility Team shall allocate the borrowing demand and lending needs among the Funds on what the Credit Facility Team deems to be an equitable basis and in accordance with the Interfund Lending Procedures.

  • If the Chief Investment Officer of the Adviser or an alternative person as specified in the Interfund Lending Procedures (the “CIO”) determines that a Fund has borrowing needs that are not first met by borrowings under any custody agreement between the Borrower and the Borrower’s custodian that are secured by such custodian’s lien on assets of the Borrower, then the CIO shall instruct the Credit Facility Team as to such Fund’s desire to have the Fund act as a Borrower (“Borrowing Instructions”).

  • Such individual or individuals may revoke or change Lending Instructions or Borrowing Instructions in accordance with the Interfund Lending Procedures with respect to a Fund by notifying the Credit Facility Team.

  • If the designated individual or individuals in the Interfund Lending Procedures determine that a Fund has borrowing needs in accordance with the Interfund Lending Procedures, then such individual or individuals shall instruct the Credit Facility Team as to such Fund’s desire to have the Fund act as a Borrower (“Borrowing Instructions”).

  • The Interfund Lending Team shall allocate the borrowing demand and lending needs among the Funds on what the Interfund Lending Team deems to be an equitable basis and in accordance with the Interfund Lending Procedures.

  • All loans shall be requested and funded in accordance with the Interfund Lending Procedures.

  • 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 in the Order and the Interfund Lending Procedures, the Lender shall make such Loan to the Borrower.

  • All loans shall be requested and funded in accordance with the procedures set forth herein and such other procedures as may be approved and adopted from time to time by the Board of Directors of the applicable Fund (the "Interfund Lending Procedures"), including a majority of the directors who are not "interested persons" as that term is used in Section 2(a)(19) of the ▇▇▇▇ ▇▇▇.

  • All loans shall be requested and funded in accordance with the procedures set forth herein and the Interfund Lending Procedures.