Direction of Investments. The Manager in its sole discretion and in accordance with its normal business practices shall direct the Indenture Trustee, in accordance with the terms of the Indenture, as to which Eligible Investments it shall invest funds on deposit in the Trust Account, the Restricted Cash Account and each Series Account.
Direction of Investments. Except during the continuance of an Event of Default, the Company shall have the right during the Term of this Lease to direct the Trustee to invest or reinvest all monies held for the credit of Funds established by Article VI of the Indenture, in such securities as are authorized by law, for such funds, subject, however, to the further conditions of Article VIII of the Indenture.
Direction of Investments. Except during the continuance of an Event of Default, the Borrower shall have the right during the Term of Loan Agreement to direct the Trustee to invest or reinvest all money held for the credit of funds established by Article 5 of the Indenture in such securities as are authorized by law for such funds, subject, however, to the further conditions of Article 6 of the Indenture and Section 7.7 hereof. The Borrower acknowledges that regulations of the Comptroller of the Currency grant the Borrower the right to receive brokerage confirmations of security transactions as they occur. The Borrower specifically waives such right to notification to the extent permitted by law and acknowledges that they will receive periodic transaction statements that will detail all investment transactions.
Direction of Investments. The Depositor shall have no right to direct the investment of the escrow account funds. Investments shall be directed by the Escrow Agent, subject to the provisions of the Act, the Regulations and the determination of DEP, as set forth in this Agreement.
Direction of Investments. Except during the continuance of an Event of Default, the City shall have the right during the Term of this Loan Agreement to direct the Trustee to invest or reinvest all monies held for the credit of the Funds established by Article VI of the Indenture and held by the Trustee, in Investment Securities, subject, however, to the further conditions of Article VIII of the Indenture.
Direction of Investments. (a) Investments will be determined in the discretion of the (choose one): (1) Trustee; (2) Employer; or (3) Participants. The Trustee shall invest in accordance with the provisions of the Trust Agreement attached hereto.
Direction of Investments. Each Participant shall have the right to direct the investment of his Accounts other than his Employer Contributions Account among the Investment Funds available under the Plan, subject to subsections 7(b), 7(d) and 7(e). The Participant shall designate whether he wishes to invest his Accounts in each Investment Fund in increments of 1%, up to a total of 100% in all such Investment Funds. The percentage the Participant chooses to invest his Accounts in each Investment Fund shall apply equally to all his Pre-Tax Contributions, After-Tax Contributions and Qualified Non-Elective Contributions. The directions of each Participant as to the investment of his Pre-Tax Contributions, After-Tax Contributions and Qualified Non-Elective Contributions (if any) shall be made in such written, electronic or telephonic form as is prescribed by the Administrator. Such directions may be changed in respect to future Pre-Tax Contributions, and After-Tax Contributions and Qualified Non-Elective Contributions. A properly given direction shall generally take effect no later than the first day of each calendar quarter following receipt by the Administrator. Unless and until a Participant makes a specific investment election in accordance with this Section 7, such Participant’s Accounts shall be invested in such Investment Fund as the Administrator selects as the default Investment Fund. The Trust shall consist of separate Investment Funds: the Stability Funds (which shall include the “Cash Reserves Fund” and the “Stable Value Fund”), the Income Funds (which shall include the “Inflation-Protected Securities Fund” and the “Bond Index Fund”), the Growth Funds (which shall include the “Equity Income Fund,” the “Institutional Index Fund,” the “Select International Equity Commingled Pool Fund,” the “Small-Cap Stock Fund,” the “Stock Investment Fund,” “Growth Stock Fund” and the “Real Estate Fund), the Risk Adjusted Funds (which shall include the Personal Strategy Balanced Fund,” the “Personal Strategy Growth Fund” and the “Personal Strategy Income Fund”), the “Retirement Date Funds” and the “Brokerage Window.”
Direction of Investments. The Employer shall have the right to select the investment alternatives provided in Section 6.1(b) of the Trust Agreement and to modify them from time to time, provided however, that to the extent that the Trust shall be holding life insurance policies or contracts that are eligible for any significant advantages or benefits with respect to transitional rules and grandfathering protection under the Tax Reform Act of 1986 or other tax legislation, such contract or policy shall not be assigned, transferred, surrendered, exchanged or cancelled without the prior advice and consent of an independent insurance advisor mutually designated by the Trustee and the Company.
Direction of Investments. (a) Each Participant shall direct the Custodian with respect to the investment of all of his or her contributions and earnings thereon. In the absence of specific Participant direction, the Custodian shall have no investment responsibility. The Custodian retains the discretion to refuse to accept an investment direction for any reason. The Custodian may condition its acceptance or continued holding of an investment to be held in or already held by the Custodial Account upon the receipt of an agreement from the Participant or Beneficiary containing such terms, conditions and representations and warranties as the Custodian shall determine. The Custodian's decision to permit the acceptance or continued holding of any investment in the Custodial Account shall constitute neither approval of the investment merits of the investment nor a judgement as to the prudence or advisability of the investment. The Custodian reserves the absolute right to revoke its decision to permit the holding in the Custodial Account of any investment at any time and for any reason (or to condition the continued holding of an investment upon the receipt of an agreement from the Participant or Beneficiary containing such terms, conditions and representations and warranties as the Custodian shall determine), and the Custodian shall have no liability for any loss, damage or expense suffered or incurred by the Participant or Beneficiary by reason of the revocation of the Custodian's decision (or imposition of such condition). If the Custodian notifies the Participant or Beneficiary that it revokes its decision or that it desires to condition its prior acceptance as aforesaid, then, within 30 days after such notice is given to the Participant or Beneficiary, the Participant or Beneficiary shall instruct the Custodian as to the liquidation, distribution, transfer, or other disposition of the investment to which the revocation of the Custodian's decision or conditioning applies or as to the acceptance of conditions, as applicable. If the Participant or Beneficiary fails to provide the Custodian with instructions or fails to satisfy the condition(s) required by the Custodian within such 30-day period, the Participant or Beneficiary shall be deemed to have elected to receive an in-kind distribution of such investment or, if the Custodian is imposing a condition to its continued holding of any investment and the condition solely is the payment of an additional administration fee to the Custodian,...
Direction of Investments. A Participant's Account will be invested among the investments selected by the Employer as investment options under the Plan as directed by the Participant. To the extent a Participant fails to exercise investment control over his Account when such control is given to him above, the assets in the Participant's Account will be invested in the "default investment vehicle" which is ___ Money Market __________. (NOTE: Plan fiduciaries are not afforded protection under the Department of Labor's regulations under section 404(c) of the Employee Retirement Income Security Act of 1974, as amended, for investments made pursuant to a default investment provision of an employee benefit plan.)
