Common use of Investment of Funds in the Collection Account and the Distribution Account Clause in Contracts

Investment of Funds in the Collection Account and the Distribution Account. (a) The Master Servicer may direct any depository institution maintaining the Collection Account and the Distribution Account (each, for purposes of this Section 3.12, an "Investment Account") to invest the funds (other than the Initial Deposit) 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on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trust Administrator is the obligor thereon, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trust Administrator is the obligor thereon.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 Trust Administrator (in its capacity as such), as agent for the Trustee, or in the name of a nominee of the Trust Administrator. The Trust Administrator shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and the Distribution 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 Trust Administrator or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator 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 Trust Administrator 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 and the Distribution Account (each, for purposes of this Section 3.12, an "Investment Account") to invest the funds (other than the Initial Deposit) 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 Trust Administrator 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 Trust Administrator Trustee is the obligor thereon. Amounts in the Distribution Account may be held uninvested. 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 Trust Administrator (in its capacity as such), as agent Trustee for the Trustee, or in the name of a nominee benefit of the Trust AdministratorCertificateholders. The Trust Administrator Trustee shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and the Distribution 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 Trust Administrator Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator 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 Trust Administrator party with investment discretion over such Investment Account 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 and the Distribution Account (each, for purposes of this Section 3.12, an "Investment Account") to invest the funds (other than the Initial Deposit) 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 Trust Administrator 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 Trust Administrator Trustee is the obligor thereon. Amounts in the Distribution Account may be held uninvested. 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 Trust Administrator (in its capacity as such), as agent Trustee for the Trustee, or in the name of a nominee benefit of the Trust AdministratorCertificateholders. The Trust Administrator Trustee shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and the Distribution 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 Trust Administrator Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator 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 Trust Administrator party with investment discretion over such Investment Account 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 and the Distribution Account (each, for purposes of this Section 3.12, an "“Investment Account"”) to invest the funds (other than the Initial Deposit) 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 Trust Administrator 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 Trust Administrator Trustee is the obligor thereon. Amounts in the Distribution Account shall be held uninvested. 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 Trust Administrator (in its capacity as such), as agent Trustee for the Trustee, or in the name of a nominee benefit of the Trust AdministratorCertificateholders. The Trust Administrator Trustee shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and the Distribution 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 Trust Administrator Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator 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 Trust Administrator party with investment discretion over such Investment Account 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 and the Distribution Account (each, for purposes of this Section 3.12, an "Investment Account") to invest the funds (other than the Initial Deposit) 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 Trust Administrator 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 Trust Administrator Trustee is the obligor thereon. Amounts in the Distribution Account shall be held uninvested. 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 Trust Administrator (in its capacity as such), as agent Trustee for the Trustee, or in the name of a nominee benefit of the Trust AdministratorCertificateholders. The Trust Administrator Trustee shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and the Distribution 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 Trust Administrator Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator 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 Trust Administrator party with investment discretion over such Investment Account shall:

Investment of Funds in the Collection Account and the Distribution Account. (a) The Master Servicer may direct any depository institution maintaining invest the funds in the Collection Account and the Trustee may invest funds in the Distribution Account during the Trustee Float Period, and shall (eachexcept during the Trustee Float Period), invest such funds in the Distribution Account at the direction of the Depositor (for purposes of this Section 3.12, each of the Collection Account and the Distribution Accounts are referred to as an "“Investment Account") to invest the funds (other than the Initial Deposit) 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 AgreementAgreement (except for investments made at the Depositor’s direction, if a Person other than the Trust Administrator is the obligor thereon, and (ii) which shall mature no later than the Business Day immediately preceding the date on which such funds are of required to be withdrawn from such account pursuant to this Agreement, if the Trust Administrator is the obligor thereonwithdrawal). 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 Trust Administrator (in its capacity as such), as agent for the Trustee, or in the name of a nominee of the Trust Administrator. The Trust Administrator Trustee shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and the Distribution Account and any income and gain realized thereonthereon in any Account other than the Distribution Account during the Trustee Float Period) over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trust Administrator Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator or its nomineeTrustee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trust Administrator shallTrustee may:

Investment of Funds in the Collection Account and the Distribution Account. (a) The Master Servicer may direct any depository institution maintaining invest the funds in the Collection Account and the Trust Administrator may invest funds in the Distribution Account (each, for purposes of this Section 3.12, each such Account is referred to as an "“Investment Account") to invest the funds (other than the Initial Deposit) 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 AgreementAgreement (or, if a Person other than in the case of investments not managed or advised by the Trust Administrator is or an affiliate thereof, the obligor thereon, and (ii) no later than the date on which Business Day prior to such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trust Administrator is the obligor thereondate). 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 Trust Administrator (in its capacity as such), as agent for the Trustee, or in the name of a nominee of the Trust Administrator. The Trust Administrator shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and the Distribution 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 Trust Administrator or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator or its nomineeAdministrator. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trust Administrator shallmay:

Investment of Funds in the Collection Account and the Distribution Account. (a) The Servicer may invest the funds in the Collection Account and the Master Servicer may direct any depository institution maintaining invest funds in the Distribution Account during the Securities Administrator Float Period, and shall (except during the Securities Administrator Float Period), invest such funds in the Distribution Account at the direction of the Depositor (for purposes of this Section 3.12, each of the Collection Account and the Distribution Account (each, for purposes of this Section 3.12, are referred to as an "Investment Account") to invest the funds (other than the Initial Deposit) 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 AgreementAgreement (except for investments made at the Depositor's direction, if a Person other than the Trust Administrator is the obligor thereon, and (ii) which shall mature no later than the Business Day immediately preceding the date on which such funds are of required to be withdrawn from such account pursuant to this Agreement, if the Trust Administrator is the obligor thereonwithdrawal). 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 Trust Administrator (in its capacity as such)Servicer or the Master Servicer, as agent for the Trustee, or in the name of a nominee of the Trust Administratorapplicable. The Trust Administrator Servicer or the Master Servicer, as applicable, shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and the Distribution related Account and any income and gain realized thereonthereon in any Account other than the Distribution Account during the Securities Administrator Float Period) over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trust Administrator Servicer, the Master Servicer or its their respective agent, as applicable, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator Servicer, the Master Servicer or its nomineetheir respective agent, as applicable. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trust Administrator shallServicer or the Master Servicer, as applicable, may:

Investment of Funds in the Collection Account and the Distribution Account. (a) The Master Servicer may direct any depository institution maintaining the Collection Account and the Distribution Account (each, for purposes of this Section 3.12, an "Investment Account") to invest the funds (other than the Initial Deposit) 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 Trust Administrator Trustee is the obligor thereonthereon or if such investment is managed or advised by a Person other than the Trustee or an Affiliate of the Trustee, 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 Trust Administrator Trustee is the obligor thereonthereon or if such investment is managed or advised by the Trustee or any Affiliate. Amounts in the Distribution Account may be held uninvested. 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 Trust Administrator Trustee for the benefit of the Certificateholders (in its capacity as such), as agent for the Trustee, or in the name of a nominee of the Trust AdministratorTrustee. The Trust Administrator Trustee shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and the Distribution 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 Trust Administrator Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator 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 Trust Administrator party with investment discretion over such Investment Account 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 and the Trustee may direct any depository institution maintaining the Distribution Account (each, for purposes of this Section 3.123.25, an "Investment Account") ), to invest the funds (other than the Initial Deposit) 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 Trust Administrator 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 Trust Administrator 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 Trust Administrator Trustee (in its capacity as such), as agent for the Trustee, ) or in the name of a nominee of the Trust AdministratorTrustee. The Trust Administrator Trustee shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and the Distribution Account and any income and gain realized thereonAccount) over each such investmentinvestment and (except as otherwise provided herein) the income thereon, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trust Administrator Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator Trustee or its nominee. In the event amounts on deposit in an Investment the Distribution Account are at any time invested in a Permitted Investment payable on demand, the Trust Administrator Trustee shall: