Common use of Temporary Investments Clause in Contracts

Temporary Investments. The Manager shall, in its sole discretion, temporarily place proceeds from offerings by the Company into short term, highly liquid assets which may include obligations of, or obligations guaranteed by, the U.S. government or bank money-market accounts or certificates of deposit of national or state banks that have deposits insured by the Federal Deposit Insurance Corporation (including certificates of deposit of any bank acting as a depository or custodian for any such funds) that can be readily sold, with appropriate safety of principal.