Investment of Principal Subaccount Sample Clauses

Investment of Principal Subaccount. The Investment Manager shall invest and reinvest moneys to the credit of the Principal Subaccount of each Locality for the benefit of such Locality in accordance with the provisions of the Information Statement, this Agreement and the Related Tax Agreements. TheInvestment Manager shall credit to the Locality's Income Subaccount all income and profits from the investment and reinvestment of moneys to the credit of its respective Principal Subaccount.