Investment of Funds in the Reserve Account. Seller may direct the Bank to invest amounts on deposit in the Reserve Account in Eligible Investments that mature not later than the Business Day next preceding the first Distribution Date occurring after the date of the investment except that if the investment is an obligation of the Bank it may mature on the Distribution Date. Any Eligible Investment shall not be sold or disposed of before its maturity. Any gain or loss on such investments shall be taxed to Seller.
Appears in 7 contracts
Samples: Flow and Bulk Purchase Agreement, Acquisition and Recapture Agreement (Cherry Hill Mortgage Investment Corp), Acquisition and Recapture Agreement (Cherry Hill Mortgage Investment Corp)
