Common use of Investment of Funds on Deposit in the Collateral Account Clause in Contracts

Investment of Funds on Deposit in the Collateral Account. (a) Funds deposited in the Collateral Account shall be invested and reinvested by the Indenture Trustee, subject to Section 17.02 of the Participation Agreement, at the risk of the Owner Trustee, in Specified Investments selected by the Lessee and approved by the Indenture Trustee for the account of the Owner Trustee in accordance with Section 2.14(b) below; provided, however, that if Specified Investments meeting the requirements of Section 2.14(b) are not available on any day on which funds are to be invested as contemplated by the preceding provisions of this Section 2.14(a), the Indenture Trustee may leave such funds in the Collateral Account uninvested until the earlier of (i) the date on which an appropriate Specified Investment becomes available and (ii) the date on which the Lien of this Indenture on the Collateral Account and the Liquid Collateral shall be terminated. The Indenture Trustee shall maintain possession of the negotiable instruments or securities, if any, evidencing such Specified Investments and, in the case of any Specified Investments in book-entry form, such Specified Investments shall be credited to an account of the Indenture Trustee or a financial intermediary with the applicable Federal Reserve Bank; provided, however, if the account is credited to the financial intermediary, the financial intermediary shall make written confirmation thereof to the Indenture Trustee and make an appropriate entry on its books identifying the Specified Investments as pledged to the Indenture Trustee. All proceeds of and any income, interest and other payments and distributions on or with respect to any Specified Investments shall be deposited in or credited to the Collateral Account and thereafter shall be held, invested and applied by the Indenture Trustee in accordance with this Indenture. The Indenture Trustee shall promptly notify the Owner Trustee and the Lessee of any Losses.

Investment of Funds on Deposit in the Collateral Account. (a) Funds deposited in the Collateral Account shall be invested and reinvested by the Indenture Trustee, subject to Section 17.02 18 of the Participation Agreement, at the risk of the Owner Trustee, in Specified Investments Cash Equivalents selected by the Lessee and approved by the Indenture Trustee for the account of the Owner Trustee in accordance with Section 2.14(b2.17(b) below; provided, however, that if Specified Investments Cash Equivalents meeting the requirements of Section 2.14(b2.17(b) are not available on any day on which funds are to be invested as contemplated by the preceding provisions of this Section 2.14(a2.17(a), the Indenture Trustee may leave such funds in the Collateral Account uninvested until the earlier earliest of (i) the date on which an appropriate Specified Investment Cash Equivalent becomes available and available, (ii) the Delivery Date, (iii) the date on which of assumption by Lessee of the Lien Secured Certificates and (iv) the date of this Indenture on redemption of the Collateral Account and the Liquid Collateral shall be terminatedSecured Certificates pursuant to Section 2.10(c), (d) or (e) hereof. The Indenture Trustee shall maintain possession of the negotiable instruments or securities, if any, evidencing such Specified Investments Cash Equivalents and, in the case of any Specified Investments Cash Equivalents in book-entry form, such Specified Investments Cash Equivalents shall be credited to an account of the Indenture Trustee or a financial intermediary with the applicable Federal Reserve Bank; provided, however, if the account is credited to the financial intermediary, the financial intermediary shall make written confirmation thereof to the Indenture Trustee and make an appropriate entry on its books identifying the Specified Investments Cash Equivalents as pledged to the Indenture Trustee. All proceeds of and any income, interest and other payments and distributions on or with respect to any Specified Investments Cash Equivalents shall be deposited in or credited to the Collateral Account and thereafter shall be held, invested and applied by the Indenture Trustee in accordance with this Trust Indenture. The Indenture Trustee shall promptly notify the Owner Trustee and the Lessee of any Losses.

Investment of Funds on Deposit in the Collateral Account. (a) Funds deposited in the Collateral Account shall be invested and reinvested by the Indenture Trustee, subject to Section 17.02 of the Participation Agreement, at the risk of the Owner Trustee, in Specified Investments selected by the Lessee and approved by the Indenture Trustee for the account of the Owner Trustee in accordance with Section 2.14(b) below; provided, however, that if Specified Investments meeting the requirements of Section 2.14(b) are not available on any day on which funds are to be invested as contemplated by the preceding provisions of this Section 2.14(a), the Indenture Trustee may leave such funds in the Collateral Account uninvested until the earlier earliest of (i) the date on which an appropriate Specified Investment becomes available and available, (ii) the date on which Delivery Date and (iii) the Lien of this Indenture on the Collateral Account and the Liquid Collateral shall be terminatedCut-Off Date. The Indenture Trustee shall maintain possession of the negotiable instruments or securities, if any, evidencing such Specified Investments and, in the case of any Specified Investments in book-entry form, such Specified Investments shall be credited to an account of the Indenture Trustee or a financial intermediary with the applicable Federal Reserve Bank; provided, however, if the account is credited to the financial intermediary, the financial intermediary shall make written confirmation thereof to the Indenture Trustee and make an appropriate entry on its books identifying the Specified Investments as pledged to the Indenture Trustee. All proceeds of and any income, interest and other payments and distributions on or with respect to any Specified Investments shall be deposited in or credited to the Collateral Account and thereafter shall be held, invested and applied by the Indenture Trustee in accordance with this Indenture. The Indenture Trustee shall promptly notify the Owner Trustee and the Lessee of any Losses.

Investment of Funds on Deposit in the Collateral Account. (a) Funds deposited in the Collateral Account shall be invested and reinvested by the Indenture Trustee, subject to Section 17.02 of the Participation Agreement, at the risk of the Owner Trustee, in Specified Investments selected by the Lessee and approved by the Indenture Trustee for the account of the Owner Trustee in accordance with Section 2.14(b) below; provided, however, that if Specified Investments meeting the requirements of Section 2.14(b) are not available on any day on which funds are to be invested as contemplated by the preceding provisions of this Section 2.14(a), the Indenture Trustee may leave such funds in the Collateral Account uninvested until the earlier earliest of (i) the date on which an appropriate Specified Investment becomes available and available, (ii) the date on which Delivery Date and (iii) the Lien of this Indenture on the Collateral Account and the Liquid Collateral shall be terminatedCut-Off Date. The Indenture Trustee shall maintain possession of the negotiable instruments or securities, if any, evidencing such Specified Investments and, in the case of any Specified Investments in book-entry form, such Specified Investments shall be credited to an account of the Indenture Trustee or a financial intermediary with the applicable Federal Reserve Bank; provided, however, if the account is Specified Investments are credited to an account of the financial intermediary, the financial intermediary shall make written confirmation thereof to the Indenture Trustee and make an appropriate entry on its books identifying the Specified Investments as pledged to the Indenture Trustee. All proceeds of and any income, interest and other payments and distributions on or with respect to any Specified Investments shall be deposited in or credited to the Collateral Account and thereafter shall be held, invested and applied by the Indenture Trustee in accordance with this Indenture. The Indenture Trustee shall promptly notify the Owner Trustee and the Lessee of any Losses.

Investment of Funds on Deposit in the Collateral Account. (a) Funds deposited in the Collateral Account shall be invested and reinvested by the Indenture Trustee, subject to Section 17.02 of the Participation Agreement, at the risk of the Owner Trustee, in Specified Investments selected by the Lessee and approved by the Indenture Trustee for the account of the Owner Trustee in accordance with Section 2.14(b) below; provided, however, that if Specified Investments meeting the requirements of Section 2.14(b) are not available on any day on which funds are to be invested as contemplated by the preceding provisions of this Section 2.14(a), the Indenture Trustee may leave such funds in the Collateral Account uninvested until the earlier earliest of (i) the date on which an appropriate Specified Investment becomes available and available, (ii) the date on which Delivery Date and (iii) the Lien of this Indenture on the Collateral Account and the Liquid Collateral shall be terminatedCut-Off Date. The Indenture Trustee shall maintain possession of the negotiable instruments or securities, if any, evidencing such Specified Investments and, in the case of any Specified Investments in book-entry form, such Specified Investments shall be credited to an account of the Indenture Trustee or a financial intermediary with the applicable Federal Reserve Bank; provided, however, if the account is credited to the financial intermediary, the financial intermediary shall make written confirmation thereof to the Indenture Trustee and make an appropriate entry on its books identifying the Specified Investments as pledged to the Indenture Trustee. All proceeds of and any income, interest and other payments and distributions on or with respect to any Specified Investments shall be deposited in or credited to the Collateral Account and thereafter shall be held, invested and applied by the Indenture Trustee in accordance with this Indenture. The Indenture Trustee shall promptly notify the Owner Trustee and the Lessee of any Losses.