Investment of Funds in the Collateral Accounts Sample Clauses

Investment of Funds in the Collateral Accounts. (a) So long as no Indenture Default shall have occurred and be continuing, all funds in the Collateral Accounts shall be invested and reinvested by the Collateral Agent in Dollar Permitted Investments in accordance with written instructions given to the Collateral Agent by the Company or, in the absence of such instructions, in the types of obligations as set forth in clause (a) of the definition of "Dollar Permitted Investments" in the Indenture, provided, however, that if any Indenture Default shall have occurred and be continuing, the Collateral Agent shall invest funds in the Collateral Accounts in Dollar Permitted Investments only in accordance with the written instructions of the Trustee. If no written direction with respect to the Collateral Accounts is received by the Collateral Agent during any period in which an Indenture Default has occurred and is continuing, investment of funds in the Collateral Accounts shall be made in the types of Dollar Permitted Investments that were held by the Collateral Agent immediately prior to the occurrence of such Indenture Default. All income or other gain from the investment of moneys deposited in each Collateral Account shall be deposited in such Collateral Account immediately upon receipt, and any loss resulting from the investment of moneys deposited in either Collateral Account shall be charged to such Collateral Account. Each investment made in the Debt Service Reserve Account pursuant to this Section 3.04(a) on any date shall mature not later than the Payment Date next succeeding the day such investment is made; provided, that if, on the date of any investment, the Collateral Agent holds in the Debt Service Reserve Account Dollar Permitted Investments maturing not later than the next succeeding Payment Date ("Maturing Securities") and the aggregate principal and interest payable on such Maturing Securities would be sufficient to pay all amounts due on the Secured Obligations on such Payment Date, the Collateral Agent shall invest any remaining funds in the Debt Service Reserve Account in Dollar Permitted Investments which mature not later than the next succeeding Payment Date for which Maturing Securities are insufficient to pay all amounts then due on the Secured Obligations.
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Investment of Funds in the Collateral Accounts 
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Related to Investment of Funds in the Collateral Accounts

  • Investment of Funds in the Accounts The Trustee may direct any depository institution maintaining the Certificate Account or the Reserve Account, if any, for the Series and any other segregated Eligible Account, which Eligible Account shall be a Securities Account the contents of which are held for the benefit of Certificateholders of such applicable Series (each, an "Account"), to invest the funds therein at the specific written direction of the Depositor in one or more Eligible Investments bearing interest or sold at a discount, which shall be held to maturity unless payable on demand and which funds shall not be reinvested upon the maturity or demand for payment of such Eligible Investment. If the Depositor does not provide any investment directions by 10:00 a.m. on any Business Day, funds held in any Account will be invested in the Eligible Investments specified in clause (iv) of the definition thereof until receipt of investment directions to the contrary. Investments of such funds shall be invested in Eligible Investments that will mature so that such funds will be available for distribution on the next Distribution Date. Except as otherwise provided in the applicable Supplement, any earnings with respect to such Eligible Investments shall be paid to, and any losses with respect to such Eligible Investments shall be solely for the account of, the Certificateholders in proportion to their interest in the invested funds. In the event amounts on deposit in an Account are at any time invested in an Eligible Investment payable on demand, the Securities Intermediary, on behalf of the Trustee and the Trust, shall:

  • Investment of Funds in the Collection Account and the Distribution Account (a) The Master Servicer may direct any depository institution maintaining the Collection Account (for purposes of this Section 3.12, an "Investment Account"), and the Trustee, in its individual capacity, may direct any depository institution maintaining the Distribution Account (for purposes of this Section 3.12, also an "Investment Account"), to invest the funds in such Investment Account in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trustee is the obligor thereon, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trustee is the obligor thereon. 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 (in its capacity as such) or in the name of a nominee of the Trustee. The Trustee shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and any income and gain realized thereon) over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trustee or its nominee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trustee shall:

  • Application of Funds in the Collection Account The Master Servicer may, from time to time, make, or cause to be made, withdrawals from the Collection Account for the following purposes:

  • Collateral Accounts Evidence that the Collateral Accounts have been established;

  • Collateral Account and Security Interest At any time when Fund’s assets are below $15 million, the Advisor, for value received, hereby pledges, assigns, sets over and grants to the Trust a continuing security interest in and to an account to be established and maintained by the Advisor with the Securities Intermediary and designated as a collateral account (the “Collateral Account”), including any replacement account established with any successor, together with all dividends, interest, stock-splits, distributions, profits and all cash and non-cash proceeds thereof and any and all other rights as may now or hereafter derive or accrue therefrom (collectively, the “Collateral”) to secure the payment of any required Fund Reimbursement Payment or Liquidation Expenses (as defined in Paragraph 5 of this Agreement). For so long as this Agreement is in effect, any transfers or conveyances of Collateral to any party shall require the approval of the Board of Trustees of the Trust (the “Board”), except as specified in Section 7(a)(ii) of this Agreement, below. In addition, the Trust will not issue entitlement orders, redeem or otherwise take any action with respect to the Collateral or Collateral Account unless a Collateral Event (defined below under Section 5 of this Agreement) has occurred or is continuing.

  • Investment of Funds NCPS will not commingle Escrow Funds received by it in escrow with funds of others and shall not invest such Escrow Funds. The Escrow Funds will be held in a non-interest bearing account.

  • Establishment of Collateral Accounts The Custodian hereby confirms and agrees that:

  • 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:

  • Establishment of Collateral Account The Securities Intermediary hereby confirms that:

  • Deposit of Fund Assets in U.S. Securities Systems The Custodian may deposit and/or maintain securities owned by a Portfolio in a U.S. Securities System in compliance with the conditions of Rule 17f-4 under the 1940 Act, as amended from time to time.

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