Common use of Allocation Procedures Clause in Contracts

Allocation Procedures. On each Business Day, the InterFund Program Team shall seek to collect data on the uninvested cash of each Lender. The InterFund Program Team will seek to match the amount and term of a Fund’s borrowing needs with the cash available from the Funds that have provided Lending Instructions in accordance with allocation and administrative procedures established by the Board of Trustees. The InterFund Program Team shall allocate the borrowing demand and lending needs among the Funds on what the InterFund Program Team deems to be an equitable basis and in accordance with the InterFund Lending Procedures. The InterFund Program Team shall not solicit cash for Loans from any Funds or publish or disseminate loan demand data to the portfolio managers of the Funds. The InterFund Program Team will invest all amounts remaining after satisfaction of borrowing demand in accordance with the instructions of each relevant portfolio manager, or such remaining amounts will be invested directly by the portfolio managers of the Funds. No Loan may be made unless the Interest Rate is more favorable for the Lender than the Repo Rate and more favorable for the Borrower than the Bank Loan Rate.

Allocation Procedures. On each Business Day, the InterFund Program Team shall seek to collect data on the uninvested cash of each Lender. The InterFund Program Team will seek to match the amount and term of a Fund’s borrowing needs with the cash available from the Funds that have provided Lending Instructions in accordance with the allocation and administrative procedures established by set forth in the Board of TrusteesInterFund Lending Procedures. The InterFund Program Team shall allocate the borrowing demand and lending needs among the Funds on what the InterFund Program Team deems to be an equitable basis and in accordance with the InterFund Lending Procedures. The InterFund Program Team shall not solicit cash for Loans from any Funds or publish or disseminate loan demand data to the portfolio managers of the Funds. The InterFund Program Team will invest all amounts remaining after satisfaction of borrowing demand in accordance with the instructions of each relevant portfolio manager, or such remaining amounts will be invested directly by the portfolio managers of the Funds. No Loan may be made unless the Interest Rate is more favorable for the Lender than the Repo Rate and more favorable for the Borrower than the Bank Loan Rate.