Common use of Cash Processing Clause in Contracts

Cash Processing. 1) Prepare wires for payment of the Funds’ operating expenses and other miscellaneous Fund expenses. 2) Provide Manager with current day spendable cash and review cash projections for reasonability.

Cash Processing. 1) Prepare wires for payment of the Funds’ Fund’s operating expenses and other miscellaneous Fund expenses. 2) Provide Manager the Fund’s Sponsor with current day spendable cash and review cash projections for reasonability.