Investment of Special Payment Moneys. Any money received by ------------------------------------ the Certificate Trustee pursuant to Section 4.01(a) representing a Special Payment (or Swap Revenue) which is not to be promptly distributed, to the extent practicable, shall be invested in Eligible Investments by the Certificate Trustee pending distribution of such Special Payment pursuant to Section 4.02. Any investment made pursuant to this Section 4.04 shall be in such Eligible Investments maturing in not more than 60 days or such lesser time as is required for the distribution of any such funds on a Special Payment Date pending the distribution of such funds to Certificateholders as described herein. The Certificate Trustee shall hold any such Eligible Investments until maturity. The Certificate Trustee shall have no liability with respect to any investment made pursuant to this Section 4.04 (including any losses on such investments), other than by reason of the willful misconduct or negligence of the Certificate Trustee. All income and earnings from such investments shall be distributed on such Special Payment Date as part of such Special Payment and shall be treated as payments of interest on the Certificates.
Appears in 3 contracts
Samples: Trust Agreement (Pg&e Funding LLC), Declaration and Agreement (Sce Funding LLC), Declaration and Agreement (Sdg&e Funding LLC a De Limited Liability Co)
Investment of Special Payment Moneys. Any money received by ------------------------------------ the Certificate Trustee pursuant to Section 4.01(a) representing a Special Payment (or Swap Revenue) which that is not to be promptly distributed, to the extent practicable, shall be invested in Eligible Investments by the Certificate Trustee pending distribution of such Special Payment pursuant to Section 4.02. Any investment made pursuant to this Section 4.04 shall be in such Eligible Investments maturing in not more than 60 days or such lesser time as is required for the distribution of any such funds on a Special Payment Date pending the distribution of such funds to Certificateholders as described herein. The Certificate Trustee shall hold any such Eligible Investments until maturity. The Certificate Trustee shall have no liability with respect to any investment made pursuant to this Section 4.04 (including any losses on such investments), other than by reason of the willful misconduct or negligence of the Certificate Trustee. All income and earnings from such investments shall be distributed on such Special Payment Distribution Date as part of such Special Payment and shall be treated as payments of interest on the Certificates.
Appears in 3 contracts
Samples: Declaration and Agreement (Sce Funding LLC), Declaration and Agreement (Pg&e Funding LLC), Declaration and Agreement (Sdg&e Funding LLC a De Limited Liability Co)
