Investing of Amounts in the Account. If requested by the Pledgor, the Collateral Agent will, subject to the provisions of Section 6 and Section 13, from time to time (a) invest amounts on deposit in the Account in such Permitted Investments as the Pledgor may select and the Collateral Agent may approve and (b) invest interest paid on the Permitted Investments referred to in clause (a) above, and reinvest other proceeds of any such Permitted Investments which may mature or be sold, in each case in such Permitted Investments as the Pledgor may select and the Collateral Agent may approve (the Permitted Investments referred to in clauses (a) and (b) above, being collectively "INVESTMENTS"). Interest and proceeds that are not invested or reinvested in Investments as provided above shall be deposited and held in the Account.
Appears in 3 contracts
Samples: Credit Agreement (Consumers Energy Co), Credit Agreement (CMS Energy Corp), Credit Agreement (CMS Energy Corp)
Investing of Amounts in the Account. If requested by the Pledgor, the Collateral Agent will, subject to the provisions of Section 6 and Section 13, from time to time (a) invest amounts on deposit in the Account in such Permitted Investments as the Pledgor may select and the Collateral Administrative Agent may approve and (b) invest interest paid on the Permitted Investments referred to in clause (a) above, and reinvest other proceeds of any such Permitted Investments which may mature or be sold, in each case in such Permitted Investments as the Pledgor may select and the Collateral Administrative Agent may approve (the Permitted Investments referred to in clauses (a) and (b) above, being collectively "INVESTMENTS"“Investments”). Interest and proceeds that are not invested or reinvested in Investments as provided above shall be deposited and held in the Account.
Appears in 1 contract
Investing of Amounts in the Account. If requested by the Pledgor, the Collateral Agent will, subject to the provisions of Section 6 and Section 13, from time to time (a) invest amounts on deposit in the Account in such Permitted Investments as the Pledgor may select and the Collateral Administrative Agent may approve and (b) invest interest paid on the Permitted Investments referred to in clause (a) above, and reinvest other proceeds of any such Permitted Investments which may mature or be sold, in each case in such Permitted Investments as the Pledgor may ma}’ select and the Collateral Administrative Agent may approve (the Permitted Investments referred to in clauses (a) and (b) above, being collectively "INVESTMENTS"“Investments”). Interest and proceeds that are not invested or reinvested in Investments as provided above shall be deposited and held in the Account.
Appears in 1 contract
Samples: Credit Agreement (CMS Energy Corp)
Investing of Amounts in the Account. If requested by the Pledgor, the Collateral Agent will, subject to the provisions of Section 6 and Section 13, from time to time (a) invest amounts on deposit in the Account in such Permitted Investments as the Pledgor may select and the Collateral Administrative Agent may approve and (b) invest interest paid on the Permitted Investments referred to in clause (a) above, and reinvest other proceeds of any such Permitted Investments which may mature or be sold, in each case in such Permitted Investments as the Pledgor may select and the Collateral Administrative Agent may approve (the Permitted Investments referred to in clauses (a) and (b) above, being collectively "INVESTMENTS"). Interest and proceeds that are not invested or reinvested in Investments as provided above shall be deposited and held in the Account.
Appears in 1 contract
Investing of Amounts in the Account. If requested by the Pledgor, the Collateral Agent will, subject to the provisions of Section 6 and Section 13, from time to time (a) invest amounts on deposit in the Account in such Permitted Investments as the Pledgor may select and the Collateral Agent may approve and (b) invest interest paid on the Permitted Investments referred to in clause (a) above, and reinvest other proceeds of any such Permitted Investments which may mature or be sold, in each case in such Permitted Investments as the Pledgor may select and the Collateral Agent may approve (the Permitted Investments referred to in clauses (a) and (b) above, being collectively "INVESTMENTSInvestments"). Interest and proceeds that are not invested or reinvested in Investments as provided above shall be deposited and held in the Account.
Appears in 1 contract
Samples: Credit Agreement (CMS Energy Corp)