Pooled Funds. The Company uses a cash pooling structure in Europe whereby excess funds are pooled into a master account in Brussels. Rather than allow these funds to sit idle in the master bank account, cash may be swept into a single bank deposit or any other investment allowed under this policy. These pooled funds shall be subject to all provisions of this Investment Policy.
Appears in 3 contracts
Sources: Term Loan Agreement (St Jude Medical Inc), Credit Agreement (St Jude Medical Inc), Term Loan Agreement (St Jude Medical Inc)