Investment of Funds definition

Investment of Funds. All Subscription Payments shall be cleared and held in a U.S. Bank Money Market Account, which is FDIC insured.
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Investment of Funds. All funds which the Trustee may invest under this Deed of Trust, shall be invested by it, in accounts of one of the four leading banks in Israel, provided the bank’s rating does not drop below AA, in its name or to its order, provided it invests the funds in bank deposits, treasury bills issued by the Bank of Israel and/or government bonds issued by the Bank of Israel. If the Trustee did same it will owe the holders, in respect of said amounts, only the proceeds from the disposal of the investments less its fees and expenses, less the fees and expenses related to the said investment and the management of the trust accounts and less the mandatory payments that apply to the Trust Account, and with respect to the remainder of said funds, the Trustee shall act in accordance with the provisions of Sections 12 and/or 14 above, as the case may be. 18. The Company’s undertakings to the Trustee The Company hereby undertakes to the Trustee, and the Debenture Holders so long as the Debentures (Series B) have not been repaid in full, as follows: 18.1. To continue to conduct the Company’s business in an efficient and appropriate manner. 18.2. To maintain orderly books of account in accordance with accepted accounting principles, to maintain the books and documents used as their references (including deeds of pledge, mortgage, accounts, and receipts) in its offices, and to allow the Trustee and any authorized representative of the Trustee to review, no later than 5 business days from the date of request of the Trustee, to be coordinated in advance with the Company, any book and/or document, as aforesaid, which the Trustee requests to review. In this context, an authorized representative of the Trustee means a person designated by the Trustee for the purpose of such review, by means of a written notice on the part of the Trustee, to be given to the Company prior to the review as aforesaid, subject to an undertaking of confidentiality as specified in the provisions of Section 31.12
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Investment of Funds in the Class C Reserve Account. Funds on deposit in the Class C Reserve Account shall be invested, by the Trustee (or, at the direction of the Trustee, by the Servicer on behalf of the Trustee) at the direction of the Servicer, in Cash Equivalents that will mature so that such funds will be available for withdrawal on or prior to the following Business Day. The interest and other investment income (net of investment expenses and losses) earned on such investments will be retained in the Class C Reserve Account (to the extent that the amount on deposit in the Class C Reserve Account is less than the Specified Class C Reserve Amount)or applied on each Business Day as Available Series 1998-3 Finance Charge Collections.
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Examples of Investment of Funds in a sentence

  • The District’s cash management policies are governed by state statutes, School Board policy DFA Investment of Funds, and the related School Board Administrative rule.


More Definitions of Investment of Funds

Investment of Funds. Funds held in escrow pursuant to this Contract shall be invested in accordance with Sections 7302 of the Michigan Complied Laws, as set forth in the statutes governing pre-paid funeral contracts. Partial Payment: If at the time of performance, Contract Buyer has not paid the full contract price, the specified services and merchandise will be performed or provided upon payment of an additional amount equal to the unpaid principal balance. Alternatively, the amount paid can be applied toward the purchase of other merchandise and services.
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Investment of Funds. All deposits received from Subscribers in connection with the Offering, which must be paid by check or wire only (the “Subscription Payments”) shall be cleared and held in a separate U.S. Bank FDIC — Insured Money Market Account. The Escrow Agent may invest the subscription payments only in such accounts or investments as the Company may specify by written notice. The Company may only specify investment in (i) bank accounts, (ii) bank money-market accounts, (iii) short time certificates of deposit issued by a bank or (iv) short term securities issued or guaranteed by the U.S. Government.
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Investment of Funds. All Subscription Payments shall be deposited in a X.X.Xxxx Money Market account and shall upon clearance earn per diem interest at a rate provided by U.S. Bank for such account.
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Investment of Funds in the Servicing Accounts, Reserve Accounts, Collection Accounts, Interest Reserve Account, Distribution Account, SLC Custodial Accounts, Gain-on-Sale Reserve Account, Additional Interest Account, and REO Accounts.
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Related to Investment of Funds

  • Eligible Investment means any investment that at the time of its acquisition is one or more of the following:

  • Authorized Investments means: any investment which may be authorized by the Commission but does not include restricted investments as specified in the Offering Documents from time to time.

  • Investment Strategy is the processes and policies implemented by the Investment Manager for pursuing a particular investment objective managed by an Investment Team.

  • Investment is any beneficial ownership interest in any Person (including stock, partnership interest or other securities), and any loan, advance or capital contribution to any Person.

  • Cost of Funds means, with respect to any Interest Accrual Period, the amount of interest accrued during such Interest Accrual Period on the outstanding Advances at the Cost of Funds Rate.

  • Mutual Funds means (i) all open-end mutual funds; and (ii) similar pooled investment vehicles established in non-U.S. jurisdictions, such as registered investment trusts in Japan. For purposes of the Code, Mutual Fund does not include shares of open-end money market mutual funds (unless otherwise advised by Compliance).