MAINTENANCE OF ELIGIBLE INVESTMENTS Sample Clauses

MAINTENANCE OF ELIGIBLE INVESTMENTS. Section 5A.3 Termination of Reserve Account; Release of Funds.
Sample 1
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MAINTENANCE OF ELIGIBLE INVESTMENTS. Eligible Investments shall be maintained by the Reserve Account Agent in such manner as may be necessary to maintain the first priority perfected security interest in favor of the Reserve Account Agent, as the secured party on behalf of the Collateral Agent on behalf of the Secured Parties. The Securities Intermediary agrees that it shall not agree to comply with Entitlement Orders (as defined in Section 8-102(a)(8) of the Relevant UCC State) with respect to the Reserve Account given to it by any Person other than the Reserve Account Agent. All amounts or property credited to the Reserve Account shall be subject to the lien of the Reserve Account Agent, for the Collateral Agent on behalf of the Secured Parties, until released or withdrawn from the Reserve Account.
Sample 1
MAINTENANCE OF ELIGIBLE INVESTMENTS. Eligible Investments shall be maintained by the Reserve Account Agent in such manner as may be necessary to maintain the first priority perfected security interest in favor of the Reserve Account Agent, as the secured party on behalf of the Collateral Agent on behalf of the Secured Parties. NationsBank, N.A. agrees (and any other Financial Intermediary holding the Reserve Account shall so agree) that it shall not agree to comply with Entitlement Orders (as defined in Section 8-102(a)(8) of the 1994 version of the Official Text of Article 8 of the Uniform Commercial Code and the Texas UCC) with respect to the Reserve Account given to it by any Person other than the Reserve Account Agent. All amounts or property credited to the Reserve Account shall be subject to the lien of the Reserve Account Agent, for the Collateral Agent on behalf of the Secured Parties, until released or withdrawn from the Reserve Account.
Sample 1
MAINTENANCE OF ELIGIBLE INVESTMENTS. Eligible Investments shall be maintained in such manner as may be necessary to maintain the first priority perfected security interest in favor of the Collateral Agent on behalf of the Secured Party. All amounts or property credited to the Reserve Account shall be subject to the lien of the Collateral Agent on behalf of the Secured Party, until released or withdrawn from the Reserve Account.
Sample 1

Related to MAINTENANCE OF ELIGIBLE INVESTMENTS

  • The Investment Account; Eligible Investments (a) Not later than the Withdrawal Date, the Master Servicer shall withdraw or direct the withdrawal of funds in the Custodial Accounts for P&I, for deposit in the Investment Account, in an amount representing:

  • Maintenance of Collateral Accounts Maintain any Collateral Account except pursuant to the terms of Section 6.6(b) hereof.

  • Eligible Investments Reports The Servicer shall, at any time provide such information and reports regarding its Eligible Investments under this Agreement as the Master Servicer may request.

  • Eligible Investments The following are Eligible Investments:

  • Permitted Investments At any time, any one or more of the following obligations and securities:

  • MAINTENANCE OF DEPOSIT ACCOUNTS PSC shall maintain on behalf of Customer such deposit accounts as are necessary or desirable from time to time to enable PSC to carry out the provisions of this Agreement.

  • Establishment of Collateral Accounts The Custodian hereby confirms and agrees that:

  • Establishment of Collateral Account The Securities Intermediary hereby confirms that:

  • Trust Account Investments The Company shall cause the proceeds of the Offering and the sale of the Private Placement Warrants to be held in the Trust Account to be invested only in United States government treasury bills with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act as set forth in the Trust Agreement and disclosed in the Pricing Disclosure Package and the Prospectus. The Company will otherwise conduct its business in a manner so that it will not become subject to the Investment Company Act. Furthermore, once the Company consummates an initial Business Combination, it will not be required to register as an investment company under the Investment Company Act.

  • Investment of Balance in Collateral Account Amounts on deposit in the Collateral Account shall be invested from time to time in such Permitted Investments as the respective Pledgor through the Company (or, after the occurrence and during the continuance of a Default, the Agent) shall determine, which Permitted Investments shall be held in the name and be under the control of the Agent, PROVIDED that (i) at any time after the occurrence and during the continuance of an Event of Default, the Agent may (and, if instructed by the Banks as specified in Section 11.03 of the Second Amended and Restated Credit Agreement, shall) in its (or their) discretion at any time and from time to time elect to liquidate any such Permitted Investments and to apply or cause to be applied the proceeds thereof to the payment of the Secured Obligations in the manner specified in Section 5.09 hereof and (ii) if requested by the respective Pledgor through the Company, such Permitted Investments may be held in the name and under the control of one or more of the Banks (and in that connection each Bank, pursuant to Section 11.10 of the Second Amended and Restated Credit Agreement) has agreed that such Permitted Investments shall be held by such Bank as a collateral sub-agent for the Agent hereunder).

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