Investment of Deposited Cash Sample Clauses

Investment of Deposited Cash a. Any Deposited Cash held by the Fiscal Agent, until required for payment to Bondholders in accordance with this Agreement or required to be remitted to other Paying Agents in accordance with Section 7.3.b, including, without limitation, Deposited Cash covered by outstanding checks that were issued by the Fiscal Agent to Bondholders and not yet cashed, shall be held in trust for the benefit of the State by the Fiscal Agent and be invested or reinvested in a Trust Account of the Fiscal Agent unless the Fiscal Agent is otherwise directed, as evidenced by a Direction of the State, to invest such funds in direct obligations of the United States of America ("Government Securities") or in time deposits with the Fiscal Agent.
Sample 1
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Investment of Deposited Cash a. Any Deposited Cash, until required for payment to Bondholders in accordance with this Agreement or required to be remitted to other Paying Agents in accordance with Section 7.3.b, including, without limitation, Deposited Cash covered by outstanding checks that were issued by the Fiscal Agent to Bondholders and not yet cashed, shall be received and held in trust for the benefit of the State by Computershare (or its Affiliate, Computershare Trust Company of Canada), and be invested or reinvested in accordance with Section 7.1.a, in the External Bank Accounts designated for such purposes unless the Fiscal Agent is otherwise directed, as evidenced by a Direction of the State, to invest such funds on the State’s behalf in direct obligations of the United States of America (“Government Securities”) or in bank deposits with such Approved External Bank as may be determined by the State (“Approved Bank Deposits”). The investment in Government Securities and Approved Bank Deposits is subject to additional fees not covered in the Fee Letter, including but not limited to custody fees, overdraft charges and transaction charges, that shall be paid to the Fiscal Agent by the State. Any such Government Securities or Approved Bank Deposits shall be purchased by the Fiscal Agent in the name of the Fiscal Agent in trust for the State, and the Fiscal Agent shall ensure that Computershare (or its Affiliate, Computershare Trust Company of Canada) in trust for the State is identified as the beneficial owner of such Government Securities or Approved Bank Deposits in the records of, and securities account or bank deposit statements issued by, the securities intermediary or issuer in respect of such Government Securities or Approved Bank Deposits, provided that the name of such purchaser or beneficial owner may also include information identifying the issue of Bonds to which such Government Securities or Approved Bank Deposits relate. The State shall bear the risk of and be responsible for any loss resulting from the investment in Government Securities or Approved Bank Deposits. Any interest or profit realized on any sale of Government Securities or Approved Bank Deposits, including the proceeds of any sale thereof, not immediately required to effect payment to Bondholders or for remittance to other Paying Agents in accordance with Section 7.2.b shall be immediately deposited by the Fiscal Agent into the relevant External Bank Account.
Sample 1

Related to Investment of Deposited Cash

  • Deposited Cash and Property You should familiarize yourself with the protections accorded money or other property you deposit for domestic and foreign transactions, particularly in the event of a firm insolvency or bankruptcy. The extent to which you may recover your money or property may be governed by specific legislation or local rules. In some jurisdictions, property which had been specifically identifiable as your own will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall.

  • Payment of Deposits In the event any depositor does not accept the obligation of the Assuming Institution to pay any Deposit liability of the Failed Bank assumed by the Assuming Institution pursuant to this Agreement and asserts a claim against the Receiver for all or any portion of any such Deposit liability, the Assuming Institution agrees on demand to provide to the Receiver funds sufficient to pay such claim in an amount not in excess of the Deposit liability reflected on the books of the Assuming Institution at the time such claim is made. Upon payment by the Assuming Institution to the Receiver of such amount, the Assuming Institution shall be discharged from any further obligation under this Agreement to pay to any such depositor the amount of such Deposit liability paid to the Receiver.

  • Revenue Account The Borrower and each other Loan Party acknowledges and confirms that, on or before the Effective Date and pursuant to the terms of this Agreement, Timberlands II has established and will maintain one or more accounts or InvestLine Related Loan Party Subaccounts at one or more Account Bank for the benefit of the Administrative Agent, as first priority secured party for the benefit of the Lender Parties, to serve as the “Revenue Account” (said account or accounts and any account or accounts replacing the same in accordance with this Agreement, collectively, the “Revenue Account”). Timberlands II shall cause and direct all amounts that are payable to it under the Master Stumpage Agreement from the harvesting of Timber to the Revenue Account. CatchMark TRS Subsidiary shall pay or credit directly into the Revenue Account, as and when due, all amounts owing by it to Timberlands II pursuant to the Master Stumpage Agreement. Each of the Borrower, CatchMark TRS Subsidiary and each other Loan Party acknowledges and confirms that, pursuant to the terms of this Agreement and the Master Stumpage Agreement, each of Timberlands II and CatchMark TRS Subsidiary and the other Loan Parties has and will give proper notice of the Revenue Account to the parties to the Master Stumpage Agreement.

  • Payment of Deposit The Buyer must pay the Deposit to the Developer. The Developer agrees to accept the payment of the Deposit in 2 instalments as follows:

  • Limited Distributions of Income from Trust Account (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit C, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the Company.

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto;

  • The Investment Account; Eligible Investments (a) Not later than the Withdrawal Date, the Master Servicer shall withdraw or direct the withdrawal of funds in the Custodial Accounts for P&I, for deposit in the Investment Account, in an amount representing:

  • Distributions on Deposited Securities Subject to paragraphs (4) and (5), to the extent practicable, the Depositary will distribute to each Holder entitled thereto on the record date set by the Depositary therefor at such Holder's address shown on the ADR Register, in proportion to the number of Deposited Securities (on which the following distributions on Deposited Securities are received by the Custodian) represented by ADSs evidenced by such Holder's ADRs: (a)

  • Targeted Deposits to the Accumulation Reserve Account The deposit targeted to be made to the Accumulation Reserve Subaccount for the Class A(2018-5) Notes for any Due Period during the Accumulation Reserve Funding Period will be an amount equal to the Targeted Accumulation Reserve Subaccount Deposit minus any amount on deposit in the Accumulation Reserve Subaccount for the Class A(2018-5) Notes.

  • Investment of Account Assets a. All contributions to the custodial account shall be invested in the shares of the Provident Trust Mutual Funds, Inc. or, if available, any other series of Provident Trust Mutual Funds, Inc. or other regulated investment companies for which Provident Trust Company serves as Investment Advisor or designates as being eligible for investment. Shares of stock of an Investment Company shall be referred to as “Investment Company Shares”. To the extent that two or more funds are available for investment, contributions shall be invested in accordance with the depositor’s investment election.

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