Common use of Investment of Balance in Collateral Account Clause in Contracts

Investment of Balance in Collateral Account. The cash balance standing to the credit of the Collateral Account shall be invested from time to time in such Permitted Investments as the Borrower (or, after the occurrence and during the continuance of a Default or during a Standstill Period, the Lender) shall determine, which Permitted Investments shall be held in the name and be under the control of the Lender (and, if the Collateral Account is a securities account, credited to the Collateral Account), provided that at any time after the occurrence and during the continuance of an Event of Default, the Lender may in its discretion at any time and from time to time elect to liquidate any such Permitted Investments and to apply or cause to be applied the proceeds thereof to the payment of the Secured Obligations in the manner specified in Section 5.08. Security and Assignment Agreement

Investment of Balance in Collateral Account. The cash balance standing to the credit of the Collateral Account shall be invested from time to time in such Permitted Investments as the Borrower respective Grantor Party through the Company (or, after the occurrence and during the continuance of a Default or during a Standstill PeriodDefault, the LenderTrustee) shall determine, which Permitted Investments shall be held in the name and be under the control of the Lender Trustee (and, if the Collateral Account is a securities account, credited to the Collateral AccountTrustee), provided that at any time after the occurrence and during the continuance of an Event of Default, the Lender Trustee may in its discretion at any time and from time to time elect to liquidate any such Permitted Investments and to apply or cause to be applied the proceeds thereof to the payment of the Secured Obligations then due and payable in the manner specified in Section 5.08. Security and Assignment Agreement5.09.

Investment of Balance in Collateral Account. The cash balance standing to the credit of Amounts on deposit in the Collateral Account shall be invested from time to time in such Permitted Investments as the Borrower Company (or, after the occurrence and during the continuance of a Default or during a Standstill PeriodDefault, the LenderAgent) shall determine, which Permitted Investments shall be held in the name and be under the control of the Lender (and, if the Collateral Account is a securities account, credited to the Collateral Account)Agent, provided that at any time after the occurrence and during the continuance of an Event of Default, the Lender Agent may (and, if instructed by the Banks as specified in Section 10.03 of the Credit Agreement, shall) in its (or their) discretion at any time and from time to time elect to liquidate any such Permitted Investments and to apply or cause to be applied the proceeds thereof to the payment of the Secured Obligations in the manner specified in Section 5.085.08 hereof. Security and Assignment Enhance Pledge Agreement