Investment of Sample Clauses

Investment of proceeds Prior to the application of the proceeds of the Recoveries in accordance with Clause 28.1 (Order of application) the Lender may, in its discretion, hold all or part of those proceeds in a suspense or impersonal account(s) in the name of the Lender with such financial institution (including itself) and for so long as the Lender shall think fit pending the application from time to time of those moneys in the Lender’s discretion in accordance with the provisions of this Clause 28.

Investment of. Amounts in the ▇▇▇▇▇▇▇▇▇ ESA – The responsible individual has exclusive responsibility for and control over the investment of the assets of this ▇▇▇▇▇▇▇▇▇ ESA. All transactions will be subject to any and all restrictions or limitations, direct or indirect, that are imposed by the custodian’s charter, articles of incorporation, or bylaws; any and all applicable federal and state laws and regulations; the rules, regulations, customs, and usages of any exchange, market, or clearinghouse where the transaction is executed; the custodian’s policies and practices; and this agreement. The custodian will have no discretion to direct any investment in this ▇▇▇▇▇▇▇▇▇ ESA. The custodian assumes no responsibility for rendering investment advice with respect to this ▇▇▇▇▇▇▇▇▇ ESA, nor will the custodian offer any opinion or judgment to the responsible individual or depositor on matters concerning the value or suitability of any investment or proposed investment for this ▇▇▇▇▇▇▇▇▇ ESA. In the absence of instructions from the responsible individual or depositor, or if the instructions are not in a form acceptable to the custodian, the custodian will have the right to hold any uninvested amounts in cash, and the custodian will have no responsibility to invest uninvested cash unless and until directed by the responsible individual. The custodian shall forward to the Responsible Individual any FAM Funds notices, prospectuses, Form 5305-EA under section 530 of the Internal Revenue Code. financial statements, proxies and proxy soliciting materials relating to the FAM Funds held in the ▇▇▇▇▇▇▇▇▇ ESA. Except as provided below, the Custodian will not vote any FAM Funds shares held in the ▇▇▇▇▇▇▇▇▇ ESA except in accordance with the written instructions given by the responsible individual. However, the Custodian may, in its sole discretion, vote in any manner deemed appropriate, FAM Funds shares for which the Custodian does not receive written instructions from the responsible individual. The responsible individual shall direct all investment transactions, including earnings and the proceeds from securities sales. The selection of investments, however, shall be limited to full and fractional shares of FAM Funds. All dividends and capital gains distributions received on FAM Funds held in the ▇▇▇▇▇▇▇▇▇ ESA shall, unless received in additional shares, be reinvested in shares of the FAM Funds that pays such dividends and distributions and credited to the ▇▇▇▇▇▇▇▇▇ ESA.

Investment of. Funds in the Certificate Account, the Distribution Account, the Interest Reserve Account and the REO Account. (i) The Master Servicer may direct any depository institution maintaining the Certificate Account, any Lock-Box Account or any Cash Collateral Account to invest, (ii) the Special Servicer may direct any depository institution maintaining the REO Account to invest, or if it is a depository institution, may itself invest, and (iii) the Trustee may direct the depository institution maintaining the Distribution Account or the Interest Reserve Account to invest, or if it

Investment of. Surplus Funds in the Utility ------------------------------------------ Money Pool. Funds not required to meet Utility Money Pool loans ---------- (with the exception of funds required to satisfy the Utility Money Pool's liquidity requirements) will ordinarily be invested in one or more short-term investments, including: (i) interest- bearing accounts with banks; (ii) obligations issued or guaranteed by the U.S. government and/or its agencies and instrumentalities, including obligations under repurchase agreements; (iii) obligations issued or guaranteed by any state or political subdivision thereof, provided that such obligations are rated not less than A by a nationally recognized rating agency; (iv) commercial paper rated not less than A-1 or P-1 or their equivalent by a nationally recognized rating agency; (v) money market funds; (vi) bank certificates of deposit and bankers acceptances; (vii) Eurodollar certificates of deposit or time deposits; (viii) investment grade medium term notes, variable rate demand notes and variable rate preferred stock; and (ix) such other investments as are permitted by Section 9(c) of the Act and Rule 40 thereunder.

Investment of proceeds Prior to the application of the proceeds of the Recoveries in accordance with Clause 31.1 (Order of application), the Security Agent may, in its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the application from time to time of those moneys in the Security Agent’s discretion in accordance with the provisions of this Clause 31.

Investment of. Funds in the Servicing Accounts, Reserve Accounts, Certificate Account, Interest Reserve Account, Distribution Account, Companion Distribution Account, Additional Interest Account, Gain-on-Sale Reserve Account and REO Account. (a) The Master Servicer may direct in writing any depository institution maintaining a Servicing Account, a Reserve Account or the Certificate Account (each, for purposes of this Section 3.06, an "Investment Account"); the Companion Paying Agent may direct in writing any depository institution maintaining the Companion Distribution Account (also, for purposes of this Section 3.06, an "Investment Account"); the Special Servicer may direct in writing any depository institution maintaining the REO Account (also, for purposes of this Section 3.06, an "Investment Account"); and the Trustee may direct in writing any depository institution maintaining the Distribution Account, the Gain-on-Sale Reserve Account, the Interest Reserve Account or the Additional Interest Account (also, for purposes of this Section 3.06, an "Investment Account") to invest, or if it is such depository institution, may itself invest, the funds held therein only in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, no later than the Business Day immediately preceding the next succeeding date on which such funds are required to be withdrawn from such account pursuant to this Agreement. Funds held in the Distribution Account, the Companion Distribution Account, the Additional Interest Account, the Interest Reserve Account and the Gain-on-Sale Reserve Account may remain uninvested. In the event that the Master Servicer shall have failed to give investment directions for any Servicing Account, any Reserve Account or the Certificate Account (exclusive of any accounts as are held by the Master Servicer) or the Special Servicer shall have failed to give investment directions for the REO Account by 11:00 a.m. New York time on any Business Day on which there may be uninvested cash, such funds held in the REO Account shall be invested in securities described in clause (i) of the definition of the term "Permitted Investments"; and such funds held in such other accounts shall be invested in securities described in clause (v) of such definition. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trustee (...

Investment of. PROCEEDS Prior to the application of the proceeds of the Transaction Security in accordance with Clause 34.1 (Order of Application) the Security Trustee may, at its discretion, hold all or part of those proceeds in an interest bearing suspense or impersonal account(s) in the 135 name of the Security Trustee or Agent with any financial institution (including itself) and for so long as the Security Trustee thinks fit (the interest being credited to the relevant account) pending the application from time to time of those monies at the Security Trustee's discretion in accordance with the provisions of this Clause 34.