Common use of Investment of Project Fund Clause in Contracts

Investment of Project Fund. Any moneys held as a part of the Project Fund or any other fund created pursuant to the Indenture shall, at the facsimile request of an Authorized Company Representative, confirmed in writing within two (2) Business Days, be invested or reinvested by the Trustee as provided in Article VII of the Indenture.

Appears in 2 contracts

Samples: Loan Agreement (Boardwalk Pipeline Partners, LP), Loan Agreement (Simpson Manufacturing Co Inc /Ca/)

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Investment of Project Fund. Any moneys held as a part of the Project Fund or any other fund created pursuant to the Indenture shall, at the facsimile request of an Authorized Company Representative, confirmed in writing within two (2) Business Days, be invested Invested or reinvested by the Trustee as provided in Article VII of the Indenture. The Trustee shall invest any moneys only at the direction of the Company, and the Trustee shall not be liable for any loss incurred as a result of complying with the directions of the Company.

Appears in 1 contract

Samples: Loan Agreement (Helen of Troy LTD)

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Investment of Project Fund. Any moneys held as a part of the Project Fund or any other fund created pursuant to the this Indenture shall, at the facsimile request of an Authorized Company Representative, confirmed in writing within two (2) Business Days, be invested or reinvested by the Trustee as provided in Article VII of the this Indenture.

Appears in 1 contract

Samples: Indenture (Boardwalk Pipeline Partners, LP)

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