Common use of Investment of Moneys Clause in Contracts

Investment of Moneys. If the amount of the moneys at any time available for payment of principal and interest in respect of the Current Issuer Notes under Clause 8.1 (Application of Moneys) shall be less than a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer Notes then outstanding, the Note Trustee may, at its discretion, invest such moneys upon some or one of the investments hereinafter authorised with power from time to time, with like discretion, to vary such investments; and such investment with the resulting income thereof may be accumulated until the accumulations together with any other funds for the time being under the control of the Note Trustee and available for the purpose shall amount to a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer Notes then outstanding and such accumulation and funds (after deduction of any taxes and any other deductibles applicable thereto) shall then be applied in the manner aforesaid.

Appears in 17 contracts

Samples: Granite Finance Trustees LTD, Granite Mortgages 03-3 PLC, Granite Mortgages 03-2 PLC

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Investment of Moneys. If the amount of the moneys at any time available for payment of principal and interest in respect of the Current any Series and Class of Issuer Notes under Clause 8.1 (Application of Moneys) shall be less than a sum sufficient to pay at least one-tenth of the principal amount of the Current such Issuer Notes then outstanding, the Note Trustee may, at its discretion, invest such moneys upon some or one of the investments hereinafter authorised with power from time to time, with like discretion, to vary such investments; and such investment with the resulting income thereof may be accumulated until the accumulations together with any other funds for the time being under the control of the Note Trustee and available for the purpose shall amount to a sum sufficient to pay at least one-tenth of the principal amount of the Current such Issuer Notes then outstanding and such accumulation and funds (after deduction of any taxes and any other deductibles applicable thereto) shall then be applied in the manner aforesaid.

Appears in 3 contracts

Samples: Granite Finance Funding 2 LTD, Granite Finance Trustees LTD, Granite Finance Trustees LTD

Investment of Moneys. If the amount of the moneys at any time available for payment of principal and interest in respect of the Current Issuer Notes under Clause 8.1 (Application of Moneys) shall be less than a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer Notes then outstanding, the Note Trustee may, at its discretion, invest such moneys upon some or one of the investments hereinafter authorised with power from time to time, with like discretion, to vary such investments; and such investment with the resulting income thereof may be accumulated until the accumulations together with any other funds for the time being under the control of the Note Trustee and available for the purpose shall amount to a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer Notes then outstanding and such accumulation and funds (after deduction of any taxes and any other deductibles applicable thereto) shall then be applied in the manner aforesaid.

Appears in 2 contracts

Samples: Bema Gold Corp /Can/, BMB Munai Inc

Investment of Moneys. If the amount of the moneys at any time available for payment of principal and interest in respect of the Current Issuer Notes of any Series under Clause 8.1 12.1 (Application of Moneysmoneys) shall be less than a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer Notes of such Series then outstanding, the Note Trustee may, at its discretion, invest such moneys upon some or one of the investments hereinafter authorised with power from time to time, with like discretion, to vary such investments; and such investment with the resulting income thereof may be accumulated until the accumulations together with any other funds for the time being under the control of the Note Trustee and available for the purpose shall amount to a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer Notes of such Series then outstanding and such accumulation and funds (after deduction of any taxes and any other deductibles applicable thereto) shall then be applied in the manner aforesaid.

Appears in 1 contract

Samples: Intercontinental Hotels Group PLC /New/

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Investment of Moneys. If the amount of the moneys at any time available for payment of principal and interest in respect of the Current Issuer any series of Notes under Clause 8.1 9.1 (Application of Moneys) shall be less than a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer such series of Notes then outstanding, the Note Trustee may, at its discretion, invest such moneys upon some or one of the investments hereinafter authorised with power from time to time, with like discretion, to vary such investments; and such investment investments with the resulting income thereof may be accumulated until the accumulations together with any other funds for the time being under the control of the Note Trustee and available for the purpose shall amount to a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer such series of Notes then outstanding and such accumulation and funds (after deduction of any taxes and any other deductibles applicable thereto) shall then be applied in the manner aforesaid.

Appears in 1 contract

Samples: Syngenta Ag

Investment of Moneys. If the amount of the moneys at any time available for payment of principal and interest in respect of the Current Issuer Notes of any Series under Clause 8.1 10.1 (Application of Moneysmoneys) shall be less than a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer Notes of such Series then outstanding, the Note Trustee may, at its absolute discretion, invest such moneys upon some or one of the investments hereinafter authorised with power from time to time, with like absolute discretion, to vary such investments; and such investment with the resulting income thereof may be accumulated until the accumulations together with any other funds for the time being under the control of the Note Trustee and available for the purpose shall amount to a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer Notes of such Series then outstanding and such accumulation and funds (after deduction of any taxes and any other deductibles applicable thereto) shall then be applied in the manner aforesaid.

Appears in 1 contract

Samples: Paying Agency Agreement (Upm Kymmene Corp)

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