Uninsured Deposits. (a) Although we will not place a deposit for you through ICS at any one Destination Institution in an amount that exceeds the SMDIA, a deposit that we place for you will not be eligible for FDIC insurance coverage at a Destination Institution before it becomes a deposit at the Destination Institution or after it is withdrawn from the Destination Institution.
Appears in 5 contracts
Samples: Custody Agreement (New Mountain Guardian III BDC, L.L.C.), Banking Services Agreement, Ics Deposit Placement Agreement
