Investment of Money. Any money held as a part of the Construction Fund or Debt Service Fund shall be invested or reinvested as directed by the City Representative in accordance with Article VI of the Resolution.
Investment of Money. Money held for the credit of all accounts and subaccounts established hereunder on deposit with the Trustee or the Purchaser shall be continuously invested and reinvested by the Trustee or the Purchaser, as applicable, in Investment Obligations to the extent practicable. Any such Investment Obligations shall mature not later than the respective dates when the money held for the credit of such subaccounts will be required for the purposes intended. No Investment Obligations in any such account or subaccount may mature beyond the final maturity date of the Series 2019 Bond at the time such Investment Obligations are deposited. Investment Obligations acquired with money in or credited to any account or subaccount established hereunder shall be deemed at all times to be part of such account or subaccount. Any loss realized upon the disposition or maturity of such Investment Obligations shall be charged against such account or subaccount. The interest accruing on any such Investment Obligations and any profit realized upon the disposition or maturity of such Investment Obligations shall be credited to such Accounts or subaccounts as follows: Funds, Accounts or Subaccounts Credited to Series 2019 Subaccount of the Interest Account Series 2019 Subaccount of the Interest Account Series 2019 Subaccount of the Principal Account Series 2019 Subaccount of the Principal Account Series 2019 Subaccount of the Redemption Account Series 2019 Subaccount of the Interest Account Series 2019 Project Account Series 2019 Project Account Any such interest accruing and any such profit realized shall be transferred upon the receipt thereof by the Town or the Trustee, as the case may be, pursuant to the provisions of the Trust Agreement and this Second Supplemental Agreement. An Authorized Officer shall give to the Trustee written directions respecting the investment of any money required to be invested hereunder, subject, however, to the provisions of this Section, and the Trustee shall then invest such money as so directed. The Trustee may request in writing additional direction or authorization from the Authorized Officer with respect to the proposed investment of money. Upon receipt of such directions, the Trustee shall invest, subject to the provisions of this Section, such money in accordance with such directions. The Trustee shall sell or reduce to cash in a commercially reasonable manner a sufficient amount of such Investment Obligations whenever it is necessary to do so in ...
Investment of Money. This prong of the test is almost always satisfied and often overlooked. When analyzing this prong, courts look to whether risk is an ingredient in the investment.108 This prong requires that the investor “commit his assets to the enterprise in such a manner as to subject himself to financial loss.”109 103 See id. at 297-98. 104 Id. at 299. Courts often apply the Xxxxx test using three prongs and explaining that “an investment contract is a security…if investors purchase with (1) an expectation of profits arising from (2) a common enterprise that (3) depends upon the efforts of others.” Life Partners IV, 87 F.3d 536, 542 (D.C. Cir. 1996). 105 Xxxxx, 328 U.S. at 298–99. 106 Id. at 299. 107 Id. at 299-300. 108 Xxxxxx x. Xxxxx, 533 F.2d 429, 432 (9th Cir. 1976). 109 Id.
Investment of Money. All the money the Trustee is entitled to invest pursuant to this deed, shall be invested by it at a bank/banks, in its name or to its order, in investments in which the laws of the State of Israel permit such moneys to be invested, as shall be found suitable, and all subject to the terms and conditions of this Deed of Trust, provided that any investment in securities shall be in securities that have been rated with a rating that is not less than an AA rating. Where the Trustee has done so, it will not be liable to the persons entitled in respect of such amounts, except for the proceeds received from the realization of the investments, less the expenses connected with the aforesaid investments and with maintaining and managing the trust accounts, the commissions and less the compulsory payments which are imposed on the trust accounts. Out of such moneys the Trustee shall transfer amounts to the debenture holders who are entitled thereto, as soon as possible after proof and confirmation have been furnished to the Trustee in regard to their right to such amount, to the Trustee’s full satisfaction, but less the Trustee’s expenses and its commission at a rate that is customary with it at such time.
Investment of Money. Money held as a part of the Project Fund and the Debt Service Fund to be established under the Bond Resolution shall be invested or reinvested as directed by the City in accordance with the Bond Resolution.
Investment of Money. Any money held as a part of the Funds shall be invested, reinvested and transferred to other Funds by the Trustee as provided in Article 6 of the Indenture and invested only in Permitted Investments.
Investment of Money. Except as otherwise provided in this Loan Agreement or the Indenture, any money held in any Funds or Accounts at any time held by the Trustee shall, in the manner provided in Article V of the Indenture, be invested or reinvested by the Trustee at the written request of and as directed by the Company, solely in Permitted Investments. Notwithstanding the foregoing, all monies on deposit in the Special Redemption Account if invested, shall be invested solely in obligations of a state, territory or possession of the United States or any political subdivision of the foregoing, the interest on which is exempt from federal income taxation under Section 103(a) of the Code, and all monies on deposit in the Bond Payment Account of the Bond Fund and the Purchase Fund shall be held as cash or invested in Government Obligations maturing at such time or times as said monies shall be needed for the purposes for which they were deposited, but in no event shall such Government Obligations have a maturity in excess of thirty (30) days.
Investment of Money. (A) Moneys held for the credit of the funds and accounts established hereunder shall be invested and reinvested at the written instruction of the Issuer in Investment Obligations. Such investments or reinvestments shall mature or become available not later than the respective dates, as estimated by the Issuer, that the moneys held for the credit of said funds and accounts will be needed for the purposes of such funds or accounts.
Investment of Money. All the money that the Trustee is entitled to invest according to the Trust Deed will be invested by it, in its name or to its order, in coordination with the Company, in Government Bonds or in daily bank deposits in one of the four largest banks in Israel, at the Company’s choice, subject to any law (which may not be conditioned upon) and the terms of this Trust Deed. By so doing, the Trustee will not be liable to the individuals entitled for those amounts but only for the consideration that will be received from realizing the investments, less its fees and expenses, the commissions and expenses relating to the aforesaid investment and the management of the Trust Accounts, the commissions and deductions of the compulsory payments that apply to the Trust Account, and the Trustee will act with the balance of the aforesaid money according to the provisions of this Deed, as applicable.
Investment of Money. Money held for the credit of all funds and accounts created under this Deposit Trust Agreement shall be held as Federal Deposit Insurance Corporation insured deposits. Monies in the Revenue Fund shall be invested in money market funds as may be approved by the Lessor and the City with all investments earnings accruing to the Revenue Fund. All money deposited with the Trustee or any other Depositary hereunder in excess of the amount guaranteed by the Federal Deposit Insurance Corporation or other federal agency shall be continuously secured, for the benefit of the City and the Lessor, either:
