Borrowing and Lending Instructions Sample Clauses
The 'Borrowing and Lending Instructions' clause sets out the procedures and requirements for how parties may borrow or lend assets under the agreement. It typically details the steps for initiating a borrowing or lending transaction, the types of assets covered, and any necessary approvals or documentation. By clearly outlining these processes, the clause ensures that both parties understand their obligations and helps prevent disputes or confusion regarding the movement of assets.
Borrowing and Lending Instructions. The Adviser’s investment personnel for each participating Fund shall provide the Credit Facility Team with standing instructions as to their desire to have the Fund act as a Lender when such Fund has uninvested cash balances (“Lending Instructions”). 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”). The Adviser’s investment personnel may revoke or change Lending Instructions, and the CIO may revoke or change Borrowing Instructions, with respect to a Fund by notifying the Credit Facility Team.
Borrowing and Lending Instructions. The Portfolios, other than the Money Market Funds, shall provide the Cash Management Team with standing instructions as to their desire to act as a Borrower when and if such Portfolio has borrowing needs ("Borrowing Instructions") and/or as a Lender when such Portfolio has uninvested cash balances ("Lending Instructions"). The Money Market Funds shall provide daily Borrowing and/or Lending Instructions to the Cash Management Team as to the amount of cash, if any, any such Portfolio of such Fund desires to borrow or lend. The Portfolios may revoke or change Borrowing or Lending Instructions by notifying the Cash Management Team.
Borrowing and Lending Instructions. The applicable Adviser’s investment personnel for each participating Fund shall provide the Credit Facility Team with standing instructions as to their desire to have the Fund act as a Lender when such Fund has uninvested cash balances (“Lending Instructions”). 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”). 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.
Borrowing and Lending Instructions. The portfolio managers for each participating Fund shall provide the Credit Facility Team with standing instructions as to their desire to have the Fund act as a Lender when such Fund has uninvested cash balances (“Lending Instructions”). The portfolio managers for each participating Fund shall provide the Credit Facility Team with standing instructions as their desire to participate as a Borrower should the borrowing need arise (“Borrowing Instructions”). The respective portfolio managers may revoke or change Lending Instructions and Borrowing Instructions with respect to a Fund by notifying the Credit Facility Team.
Borrowing and Lending Instructions. The portfolio managers for each participating Fund shall provide the InterFund Program Team with standing instructions as to their desire to have the Fund act as a Lender when such Fund has uninvested cash balances (“Lending Instructions”). The portfolio managers for each participating Fund may provide the InterFund Program Team with standing instructions as to their desire to participate as a Borrower should the borrowing need arise (“Borrowing Instructions”). The respective portfolio managers may revoke or change Lending Instructions or Borrowing Instructions with respect to a Fund by notifying the InterFund Program Team. No portfolio managers of any Fund will serve as a member of the InterFund Program Team.
Borrowing and Lending Instructions. Touchstone shall provide the Interfund Lending Team with standing instructions as to their desire to have the Fund act as a Lender when such Fund has uninvested cash balances (“Lending Instructions”). Touchstone shall provide the Interfund Lending Team with standing instructions as to their desire to participate as a Borrower should the borrowing need arise (“Borrowing Instructions”). Touchstone may revoke or change Lending Instructions or Borrowing Instructions with respect to a Fund by notifying the Interfund Lending Team. No portfolio managers of any Fund will serve as a member of the Interfund Lending Team.
Borrowing and Lending Instructions. Each Fund shall provide the Interfund Lending Committee with standing instructions as to its desire to act as a Borrower when and if such Fund has borrowing needs (“Borrowing Instructions”) and each Invesco Fund shall provide the Interfund Lending Committee with standing instructions as to its desire to act as a Lender when such Invesco Fund has uninvested cash balances (“Lending Instructions”). A Fund may not be a Borrower and a Lender at the same time. The Funds may revoke or change Borrowing or Lending Instructions by notifying the Interfund Lending Committee.
Borrowing and Lending Instructions. The Adviser’s chief investment officer or investment personnel for each participating Fund shall provide the Interfund Lending Team with standing instructions as to their desire to have the Fund act as a Lending Fund when such Fund has uninvested cash balances (“Lending Instructions”) or a Borrowing Fund when such Fund has the need to borrow under the program (“Borrowing Instructions”). The Adviser’s chief investment officer and investment personnel for each participating Fund may revoke or change Lending and Borrowing Instructions with respect to a Fund by notifying the Interfund Lending Team. No portfolio managers of any Fund may serve as a member of the Interfund Lending Team.