CONCENTRATION GUIDELINES. A maximum of 25% of the Cash Collateral in the Cash Collateral Account may be invested with a single counterparty; provided that there is no concentration limit with respect to U.S. Government Securities; provided further that this concentration limit shall apply only if the Cash Collateral in the Cash Collateral Account exceeds USD 1,000,000.
Appears in 2 contracts
Sources: Securities Lending Authorization Agreement (Highland Funds I), Securities Lending Authorization Agreement (Chou America Mutual Funds)
CONCENTRATION GUIDELINES. β A maximum of 25% of the Cash Collateral in the Cash Collateral Account may be invested with a single counterparty; provided that there is no concentration limit with respect to U.S. Government Securities; provided further that this concentration limit shall apply only if the Cash Collateral in the Cash Collateral Account exceeds USD 1,000,000.
Appears in 1 contract
Sources: Securities Lending Authorization Agreement (Highland Funds Ii)