Interfund Lending Team definition

Interfund Lending Team means the investment professionals and administrative personnel from the Advisers and/or their affiliates who are responsible for administering the Interfund Program.
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Examples of Interfund Lending Team in a sentence

  • The Interfund Lending Team shall allocate the borrowing demand and lending needs among the Funds on what the Interfund Lending Team deems to be an equitable basis and in accordance with the Interfund Lending Procedures.

  • Promptly after a Loan has been made, the Interfund Lending Team shall note on its records for the Borrower and Lender, confirming (a) the principal amount of such Loan, (b) the Interest Rate applicable thereto and (c) the maturity thereof.

  • On each Business Day, the Interfund Lending Team shall seek to collect data on the uninvested cash of Funds listed on Schedule B.

  • Any written statement maintained by the Interfund Lending Team regarding the Loan shall, in the absence of manifest error, constitute conclusive evidence of the indebtedness of the Borrower to the Lender as of the date of such statement, provided, however, that the failure of the Interfund Lending Team to make such statement shall not impair the validity or binding nature of the Borrower’s Obligations with respect to such Loan.

  • No portfolio managers of any Fund will serve as a member of the Interfund Lending Team.

  • On a quarterly basis, the Interfund Lending Team will prepare a report for the applicable Board of Trustees (i) concerning the participation of the Funds of the applicable Trusts in the Interfund Program and the terms and other conditions of any extensions of credit under the Interfund Program and (ii) reporting on the operations of the Interfund Program.

  • The Interfund Lending Team shall not solicit cash for Loans from any Funds or publish or disseminate loan demand data to the portfolio managers of the Funds.

  • The Interfund Lending Team will seek to match the amount and term of a Fund’s borrowing needs with the cash available from the Funds that have provided Lending Instructions in accordance with allocation and administrative procedures established by the applicable Board of Trustees.

  • The Interfund Lending Team will maintain a separate account on its books for each Lender and Borrower (a “Loan Account”) on which will be recorded, in accordance with the Advisers’ customary accounting practice, (a) all Loans made by a Lender to a Borrower, (b) all payments of such Loans made to a Lender, and (c) all other charges and expenses properly chargeable to the Borrower.

  • The Interfund Lending Team will invest all amounts remaining after satisfaction of borrowing demand in accordance with the instructions of Touchstone, or such remaining amounts will be invested directly by Touchstone.

Related to Interfund Lending Team

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  • Management Team means Xxxxxx X. X’Xxxxxxx, Xxxxxxx X. Xxxxxx, Xx. and Xxxxx X. Xxxxxxxxxx.

  • Team Leader means an employee who is in a set or team and who is generally responsible for the work executed by the employees comprising such set or team;

  • Joint Development Committee or “JDC” has the meaning set forth in Section 3.10.

  • Development Team means the entities and professionals assembled to develop and manage the Project, typically including the Applicant, Owner, Developer(s), Co-Developer(s) and general partner or any other related entities in which the Developer or Co-Developer has an identity of interest or a Controlling Interest.

  • Management Group means at any time, the Chairman of the board of directors, the Chief Executive Officer, the President, any Managing Director, Executive Vice President, Senior Vice President or Vice President, any Treasurer and any Secretary of Holdings or other executive officer of Holdings or any Subsidiary of Holdings at such time.

  • Academy means the academy named at the beginning of this Disciplinary Policy and Procedure and includes all sites upon which the academy undertaking is, from time to time, being carried out.

  • Leader means the person vested from time to time (in accordance with law and the applicable constitutional arrangements) with the political leadership, for the purposes of this Agreement, of each of the London Local Authorities listed in Part 1 of Schedule 1

  • Project Developer means Bidding Company or a Bidding Consortium submitting the Bid. Any reference to the Bidder includes Bidding Company / Bidding Consortium/ Consortium, Member of a Bidding Consortium including its successors, executors and permitted assigns and Lead Member of the Bidding Consortium jointly and severally, as the context may require”;