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

Investment of Funds in the Investment Accounts. (a) The Servicer may direct any depository institution maintaining the Collection Account, the Expense Account, the Distribution Account and the Servicing Accounts (each, for purposes of this Section 3.14, 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 next Payment Date, if a Person other than the Indenture Trustee is the obligor thereon, and (ii) no later than the next Payment Date, if the Indenture 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 Indenture Trustee (in its capacity as such) or in the name of a nominee of the Indenture Trustee. The Indenture Trustee on behalf of the Noteholders shall be entitled to sole possession over each such investment and the income thereon, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Indenture Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Indenture 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 Indenture Trustee shall at the direction of the Servicer:

Investment of Funds in the Investment Accounts. (a) The Servicer may direct any depository institution maintaining the Collection Account, the Expense Account, the Distribution Account and the Servicing Accounts (each, for purposes of this Section 3.143.12, 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 next Payment Distribution Date, if a Person other than the Indenture Trustee Trust Administrator is the obligor thereon, and (ii) no later than the next Payment Distribution Date, if the Indenture Trustee 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 Indenture Trustee (in its capacity as such) or in the name of the Trust Administrator on behalf of the Trustee or in the name of a nominee of the Indenture Trustee. The Indenture Trustee on behalf of the Noteholders Trust Administrator shall be entitled to sole possession over each such investment and the income thereon, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Indenture Trustee Trust Administrator or its agent, together with any document of transfer necessary to transfer title to such investment to the Indenture Trustee 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 Indenture Trustee Trust Administrator shall at the direction of the Servicer:

Investment of Funds in the Investment Accounts. (a) The Servicer may direct any depository institution maintaining the Collection Account, the Expense Account, the Distribution Account, the Servicing Accounts, the Redemption Account and the Servicing Accounts Pre-Funding Account (each, for purposes of this Section 3.14, 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 next Payment Date, if a Person other than the Indenture Trustee is the obligor thereon, and (ii) no later than the next Payment Date, if the Indenture 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 Indenture Trustee (in its capacity as such) or in the name of a nominee of the Indenture Trustee. The Indenture Trustee on behalf of the Noteholders shall be entitled to sole possession over each such investment and the income thereon, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Indenture Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Indenture 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 Indenture Trustee shall at the direction of the Servicer:

Investment of Funds in the Investment Accounts. (a) The Servicer may direct any depository institution maintaining the Collection Account, the Expense Account, the Distribution Account, the Servicing Accounts, the Redemption Account and the Servicing Accounts Pre-Funding Account, (each, for purposes of this Section 3.14, 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 next Payment Distribution Date, if a Person other than the Indenture Trustee is the obligor thereon, and (ii) no later than the next Payment Distribution Date, if the Indenture 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 Indenture Trustee (in its capacity as such) or in the name of a nominee of the Indenture Trustee. The Indenture Trustee on behalf of the Noteholders shall be entitled to sole possession over each such investment and the income thereon, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Indenture Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Indenture 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 Indenture Trustee shall at the direction of the Servicer:

Investment of Funds in the Investment Accounts. (a) The Servicer may direct any depository institution maintaining the Collection Account, the Expense Account, the Distribution Account and the Servicing Accounts Distribution Account, (each, for purposes of this Section 3.143.12, 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 next Payment Datedate on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Indenture Trustee is the obligor thereon, and (ii) no later than the next Payment Datedate on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Indenture 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 Indenture Trustee (in its capacity as such) or in the name of a nominee of the Indenture Trustee. The Indenture Trustee on behalf of the Noteholders shall be entitled to sole possession over each such investment and the income thereon, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Indenture Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Indenture 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 Indenture Trustee shall at the direction of the Servicer: