Investment of Cash. In connection with this Agreement, Customer may issue standing Instructions to invest Cash in one or more sweep investment vehicles. Such investment vehicles may be offered by a BNY Mellon Affiliate or by a client of BNY Mellon, and BNY Mellon may receive compensation therefrom. By making investment vehicles available, BNY Mellon and its Affiliates will not be deemed to have recommended, endorsed or guaranteed any such investment vehicle in any way or otherwise to have acted as a fiduciary or agent for, or on behalf of, Customer, its investment manager or any Account. BNY Mellon will have no liability for any loss incurred on any such investments. Customer understands that Cash may be uninvested if it is received or reconciled to an Account after the applicable deadline to be swept into Customer’s selected investment vehicle.
Investment of Cash. The Managing Member shall invest and reinvest any monies of the Company, and manage the Company’s short-term investments, including the acquisition and sale of money market instruments, provided such instruments are consistent with the Company’s policies and are only those instruments in which a real estate investment trust is permitted to invest under the Code from time to time.
Investment of Cash. Prior to a Change in Control, the Trustee shall keep any cash held hereunder from time to time on deposit in its own banking department or elsewhere as the Trustee elects, consistent with instructions provided by the Investment Officer of the Company regarding specific types of permissible investments and permissible depositories. Prior to a Change in Control, in the absence of contrary instructions from the Investment Officer, and following a Change in Control, in the absence of contrary instructions from the Independent Plan Administrator regarding insurance, retirement income or annuity policies or contracts, and anything herein to the contrary notwithstanding, the Trustee, without obtaining any prior approvals, may at its discretion invest cash balances held by the Trustee from time to time in deposits in its own banking department, in short-term cash equivalents having ready marketability, including but not limited to U.S. Treasury bills, commercial paper rated not less than A1/P1 (including such forms thereof as may be available through the Trustee's own trust department), certificates of deposit, and similar type securities, having a maturity of 18 months or less, including participation in common or collective funds composed thereof. Prior to a Change in Control, the Trustee may sell any such short-term investments as may be necessary to carry out the instructions of the Investment Officer of the Company regarding more permanent type investments or to permit any distributions or transfers directed hereunder. The Trustee may make any such sales it deems appropriate following a Change in Control, including sales necessary to carry out the instructions of the Independent Plan Administrator.
Investment of Cash. In connection with this Agreement, Customer may issue standing Instructions to invest Cash in one or more sweep investment vehicles. Such investment vehicles may be offered by a BNY Mellon Affiliate or by a client of BNY Mellon, and BNY Mellon may receive compensation therefrom. By making investment vehicles available, BNY Mellon and its Affiliates will not be deemed to have recommended, endorsed or guaranteed any such investment vehicle in any way or otherwise to have acted as a fiduciary or agent for, or on behalf of, Customer, its investment manager or any Account. Provided BNY Mellon has implemented the Instructions to invest in one or more sweep vehicles in accordance with the Standard of Care, BNY Mellon will have no liability for any investment loss incurred on any such investments while invested in such vehicles. Customer understands that Cash may be uninvested if it is received or reconciled to an Account after the applicable deadline to be swept into Customer’s selected investment vehicle.
Investment of Cash. The Escrow Agent shall invest cash included in the Escrow Share Property in The BNY Mellon Cash Reserve. All income from such investment shall be distributed to the Sellers’ Representative upon and in accordance with the written direction of the Sellers’ Representative and shall not constitute Escrow Share Property. The Escrow Agent will not be liable for any losses resulting from any investment made in accordance with the terms of this Section I.3(f). The Escrow Agent will have the right to liquidate any investments held in accordance with the terms of this Section in order to provide funds necessary to make required payments under this Agreement. The Escrow Agent will not be liable for any loss incurred at such liquidation which is due to fluctuations in market rates, depreciation in the value of the investment or penalties incurred in connection with any such liquidation. In addition, the Escrow Agent shall not be responsible for assuring that the cash is sufficient for the disbursements contemplated hereunder.
Investment of Cash. Upon receipt of a specific written investment instruction executed jointly by the AP and the Trust (the "Investment Instruction"), State Street shall facilitate the investment of any cash in the Collateral Accounts, by means mutually agreed to by the parties hereto, as specified in such Investment Instruction, which Investment Instruction shall include, inter alia, any allocation percentages and additional documentation (including any amendments or supplements to this Agreement) which may be necessary to effect such investment transactions as agreed to by the parties. Investments in securities shall be credited to the Securities Account. Absent its timely receipt of an Investment Instruction, State Street shall have no obligation or duty to invest the cash in the Deposit Account. State Street shall have no liability for any investment losses, including, but not limited to, any losses on any investment required to be liquidated prior to maturity in order to deliver cash held as Collateral to either the AP or the Trust at the instruction of the Trust or at the instruction of the AP and the Trust. For the avoidance of doubt, the provisions of Section 4(iv) shall apply hereto.
Investment of Cash. Cash received by Bank in connection with reverse repurchase agreement transactions hereunder shall be held by Bank separate and apart from Bank's own funds and securities. The amount of the Purchase Price or any amount with respect to a Margin Excess (as such terms are defined in the Master Repurchase Agreements) transferred to Bank by any Buyer at any time may be an amount calculated to meet the obligations of such Buyer in respect of any or all sales to Buyer by Principal and any one or more other clients of Bank, whether entered into pursuant to the same reverse repurchase agreement transaction or Master Repurchase Agreement, and may be an amount calculated net of amounts of the Repurchase Price (as such term is defined in the Master Repurchase Agreement) required at the time to be delivered by Principal and any one or more such other clients to such Buyer pursuant to any such Master Repurchase Agreements. In addition, the amount of the Repurchase Price or any amount with respect to a Margin Deficit (as such term is defined in the Master Repurchase Agreement) transferred by Bank to any Buyer at any time may be an amount calculated to meet the obligations of Principal and any one or more other clients of Bank to such Buyer in respect of any or all sales to such Buyer, whether entered into pursuant to the same Master Repurchase Agreement or more than one such agreement, and may be an amount calculated net of amounts of the Purchase Price required at the time to be delivered by such Buyer to Principal or one or more such other clients pursuant to any such Master Repurchase Agreements. Bank shall in good faith allocate or reallocate (including without limitation in respect of any payment of any Repurchase Price to any Buyer) any Purchase Price and any amount with respect to a Margin Excess held by it or received by it from any Buyer among Principal and Bank's clients and in respect of any or all of such reverse repurchase agreement transactions in such manner and on such bases as Bank in its discretion may from time to time determine, and shall be fully indemnified by Principal with respect to such allocations and reallocations. As a result of the foregoing, the nature or amount of the Purchase Price and any amount with respect to a Margin Excess credited to the account of Principal in respect of any Buyer or any reverse repurchase agreement transaction or transactions will vary and may be different from or less than the nature or amount of the Purchase Pri...
Investment of Cash. Any available cash of the Trust shall be invested with Sasol Financing (Proprietary) Limited or its successors-in-title as the financier member of the Group, for the benefit of the Trust, provided that the interest rates payable to the Trust in respect of such investment is at least market-related rates.
Investment of Cash. All cash received and retained by the Escrow Agent under Section 10.05 of the Indenture shall, at the specific written direction of the Company, be invested in securities issued or guaranteed by the United States of America or any agency or instrumentality thereof, PROVIDED that such obligations shall mature by their terms within 12 months following their purchase.
Investment of Cash. The Litigation Trustee may, upon approval of the Litigation Trust Advisory Board, invest any Cash (including any earnings thereon or proceeds therefrom) held by the Litigation Trust in United States Treasury bills and notes, institutional money market funds, commercial paper and time deposits and certificates of deposit with commercial banks, in each case, with a maturity of twelve months or less; provided, however, that the scope of any such investments shall be limited to investments permitted to be made by a liquidating trust within the meaning of Treasury Regulation section 301.7701-4(d) or under applicable IRS guidelines, rulings or other controlling authorities; provided, further, however, that sections 11-2.3, 11-2.3-A and 11-2.4 of the Estates, Powers and Trusts Law of New York shall be inapplicable to the Litigation Trust herein.
