Examples of InterFund Program Team in a sentence
The InterFund Program Team will invest all amounts remaining after satisfaction of borrowing demand in accordance with the instructions of each relevant portfolio manager, or such remaining amounts will be invested directly by the portfolio managers of the Funds.
Any written statement maintained by the InterFund Program 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 Program Team to make such statement shall not impair the validity or binding nature of the Borrower’s Obligations with respect to such Loan.
These statements, along with this witness’s reticence to admit that the Department was entitled to direct how its funds are to be used and to expect a thorough accounting of their use, were unreasonable and undermined his credibility.
The InterFund Program Team shall not solicit cash for Loans from any Funds or publish or disseminate loan demand data to the portfolio managers of the Funds.
On each Business Day, the InterFund Program Team shall seek to collect data on the uninvested cash of each Lender.
The respective portfolio managers may revoke or change Lending Instructions or Borrowing Instructions with respect to a Fund by notifying the InterFund Program Team.
No portfolio managers of any Fund will serve as a member of the InterFund Program Team.
The portfolio managers for each participating Fund may provide the InterFund Program Team with standing instructions as to their desire to participate as a Borrower should the borrowing need arise (“Borrowing Instructions”).
The InterFund Program Team shall allocate the borrowing demand and lending needs among the Funds on what the InterFund Program Team deems to be an equitable basis and in accordance with the InterFund Lending Procedures.
Each Lender and each Borrower may terminate its participation in this Master Agreement at any time at the election of the portfolio manager by written notice to the InterFund Program Team; provided that on or before the date of any termination the relevant Lender or Borrower has no Loans outstanding.