Common use of Investment of Funds in the Accounts Clause in Contracts

Investment of Funds in the Accounts. The Trustee shall invest all uninvested funds in the Certificate Account or any other segregated account the content of which is held for the benefit of the Trust (each, an "Account") in Eligible Investments (which Eligible Investment will be selected by the Trustee unless otherwise directed in writing by the Depositor) prior to the close of business on the Business Day such funds are deposited in any such Account. The Trustee or any such depository institution shall be required to hold such Eligible Investments to maturity unless any such investments shall (x) no longer qualify as Eligible Investments (as determined by the Administrative Agent) or (y) be payable on demand.

Appears in 2 contracts

Samples: Trust Agreement (Bond Trust Products LLC), Trust Agreement (Bond Trust Products LLC)

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Investment of Funds in the Accounts. The Trustee shall invest all uninvested funds in the Certificate Account or any other segregated account the content of which is held for the benefit of the Trust (each, an "Account") in Eligible Investments of the type specified in clause (which Eligible Investment will be selected by 2) of the Trustee unless otherwise directed in writing by the Depositor) definition thereof prior to the close of business on the Business Day such funds are deposited in any such Account. The Trustee or any such depository institution shall be required to hold such Eligible Investments to maturity unless any such investments shall (x) no longer qualify as Eligible Investments (as determined by the Administrative Agent) or (y) be payable on demand.

Appears in 2 contracts

Samples: Trust Agreement (Core Bond Products LLC), Trust Agreement (Core Bond Products LLC)

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