Investment of Certain Funds. The Department instructs the Trustee and the Trust Company to invest funds relating to the 2022 Series A Bonds held in the 2022 A Mortgage Loan Account, the 2022 A Costs of Issuance Account, the 2022 A Revenue Account and the 2022 A Redemption Subaccount, in accordance with the Department’s written instructions to the Trustee and the Trust Company. EXECUTED as of the date first above written. TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS By: Manager of Single Family Finance THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee By: Authorized Signatory TEXAS TREASURY SAFEKEEPING TRUST COMPANY By: Authorized Officer EXHIBIT “A” FUNDS, ACCOUNTS AND SUBACCOUNTS MORTGAGE LOAN FUND [§502(1), Ind.] (Moneys in all Accounts and Subaccounts held by the Trustee and maintained and invested by the Trust Company pursuant to the Depository Agreement) 2022 A Mortgage Loan Account [§2.12(a), 72nd Supp.] 2022 A Proceeds Account [§2.12(a)(i)(A)(1), 72nd Supp.] [temporary] 2022 A Costs of Issuance Account [§2.12(a)(i)(A)(2), 72nd Supp.] [temporary] 2022 A Down Payment Assistance Subaccount, within the 2022 A Mortgage Loan Account [§2.12(a)(i)(B)(1), 72nd Supp.] 2022 A Administrative Subaccount, within the 2022 A Mortgage Loan Account [§2.12(a)(i)(B)(2), 72nd Supp.] REVENUE FUND [§502(2), Ind.)] (Moneys in all Accounts and Subaccounts held by the Trustee and maintained and invested by the Trust Company pursuant to Depository Agreement) 2022 A Revenue Account [§2.12(a), 72nd Supp.] 2022 A Capitalized Interest Subaccount, within the 2022 A Revenue Account [§2.12(a)(ii), 72nd Supp.] DEBT SERVICE FUND [§502(3), Ind.)] (Moneys in the following Subaccounts held by the Trustee and maintained and invested by the Trust Company) 2022 A Principal Subaccount [§2.12(a), 72nd Supp.] 2022 A Interest Subaccount [§2.12(a), 72nd Supp.] 2022 A Redemption Subaccount [§2.12(a), 72nd Supp.] EXPENSE FUND [§502(5), Ind.] (Moneys in all Accounts held by the Department and maintained and invested by the Trust Company) 2022 A Expense Account [§2.12(a), 72nd Supp.] 2022 A Rebate Account [§2.12(a)(iii), 72nd Supp.] 80 SFI Expense Fund/Operating Reserve [Already Established - §505(1), Ind.] NOTE: Not shown above are:
Investment of Certain Funds. Amounts held in the accounts and subaccounts created pursuant to this Agreement shall be invested and reinvested by the Collateral Trustee in Authorized Investments as directed in writing (i) by Citizens or (ii) if a Notice of Default Distribution is effective, jointly by all Bank Agents or, if no Credit Agreement is in effect, by the Indenture Trustee. If, at any time, the Collateral Trustee does not receive such directions, then the Collateral Trustee shall invest and reinvest all such amounts in securities of the type described in clause (iv) of the definition of “Authorized Investments”; provided that such securities represent an interest or interests in money market funds that invest solely in direct obligations of, or obligations the timely payment of the principal and interest on which are unconditionally guaranteed by, the United States of America. Earnings from any Collateral Account (other than the Suspense Account) shall be either retained in such Collateral Account or, at the option of Citizens (or, if a Notice of Default Distribution is effective, pursuant to the joint instructions of all Bank Agents or, if no Credit Agreement is in effect, the Indenture Trustee), transferred to one or more other Collateral Accounts (including any separate account established for such purpose with the Collateral Trustee for the benefit of the Secured Parties) and, in either case, applied in accordance with Section 11. Earnings from the Suspense Account shall be retained in the Suspense Account and shall be credited to the appropriate earnings account, if any, or other Collateral Account or remitted to Citizens, as the case may be, upon a determination pursuant to Section 8 of the appropriate application of the underlying amounts in the Suspense Account that gave rise to such earnings. In directing the Collateral Trustee to make investments hereunder, Citizens shall select investments such that such investments shall mature on such dates as are necessary to make distributions hereunder as and when required hereby; it being understood and agreed that, at any time of a distribution hereunder, the Collateral Trustee may liquidate investments prior to maturity to the extent necessary do make such distribution and the Collateral Trustee shall not be responsible for any losses incurred as a result of any such liquidation.
Investment of Certain Funds. (A) Subject to the right of the Agency to direct the investment or deposit of funds hereunder, moneys in any Fund or Account shall be continuously invested and reinvested and/or deposited and redeposited by the Trustee in the highest yield Investment Securities that may be reasonably known to the Trustee, with a view toward maximizing yield (with proper preservation of principal) and minimizing the instances of uninvested funds. The Agency shall consult with the Trustee from time to time as to the investment of amounts in the Fund and Accounts established or confirmed by this Indenture. Except as otherwise provided herein, the Agency may direct the Trustee to or, in the absence of direction, the Trustee shall invest and reinvest the moneys in said Fund or any Account in Investment Securities so that the maturity date or date of redemption at the option of the holder thereof shall coincide as nearly as practicable with the times at which moneys are needed by the Agency to be so expended. The Investment Securities purchased shall be held by the Trustee in its own facilities or in a segregated account with a Depositary and shall be deemed at all times to be part of such Fund or Account, and the Trustee shall keep the Agency advised as to the details of all such investments. Except as otherwise provided herein, the Trustee shall sell at the best price obtainable, or present for redemption, any Investment Securities purchased by it as an investment whenever it shall be necessary in order to meet any payment from such Fund or Account.
Investment of Certain Funds. The Department instructs the Trustee and the Trust Company to invest funds relating to the Bonds in accordance with the Department’s written instructions to the Trustee and the Trust Company. (SIGNATURE PAGES FOLLOW) EXECUTED as of the date first above written. TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS By: Director of Bond Finance and Chief Investment Officer THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee By: Authorized Officer TEXAS TREASURY SAFEKEEPING TRUST COMPANY By: Xxxx Xxxxxxx, Chief Executive Officer EXHIBIT “A” Accounts
Investment of Certain Funds. 1. Moneys held in the Debt Service Fund shall be invested and reinvested by the Trustee to the fullest extent practicable in Investment Obligations which mature no later than one (1) business day prior to such time as shall be necessary to provide moneys when needed for payments to be made from such Fund. Moneys held in the Construction Fund may be invested and reinvested in Investment Obligations which mature not later than such times as shall be necessary to provide moneys when needed for payments to be made from such Fund. The Trustee shall make all such investments of moneys held by it in accordance with written instructions received from any Authority Officer.
Investment of Certain Funds. The Department instructs the Trustee and the Trust Company to invest funds relating to the 2022 Series B Bonds held in the 2022 B Mortgage Loan Account, the 2022 B Costs of Issuance Account, the 2022 B Revenue Account and the 2022 B Redemption Subaccount, in accordance with the Department’s written instructions to the Trustee and the Trust Company. EXECUTED as of the date first above written. TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS By: Interim Director of Bond Finance Department Signature Page to 2022B Supplement to Depository Agreement THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee By: Authorized Signatory Trustee Signature Page to 2022B Supplement to Depository Agreement TEXAS TREASURY SAFEKEEPING TRUST COMPANY By: Authorized Officer Trust Company Signature Page to 2022B Supplement to Depository Agreement EXHIBIT “A” FUNDS, ACCOUNTS AND SUBACCOUNTS MORTGAGE LOAN FUND [§502(1), Ind.] (Moneys in all Accounts and Subaccounts held by the Trustee and maintained and invested by the Trust Company pursuant to the Depository Agreement) 2022 B Mortgage Loan Account [§2.12(a), 73rd Supp.]
Investment of Certain Funds. (A) Moneys in any Account shall be continuously invested and reinvested or deposited and redeposited by the Trustee in Investment Securities at the written direction of the Issuer. The Issuer shall direct the Trustee to invest and reinvest the moneys in any Account in Investment Securities so that the maturity date or date of redemption at the option of the owner thereof shall coincide as nearly as practicable with the times at which moneys are needed to be so expended In the absence of direction from the Issuer the Trustee shall invest the moneys in the Pegasus Treasury MMF Fund or a comparable AAA rated fund invested in Treasury Securities backed by the full faith and credit of the United States government and shall immediately notify the Issuer of such action The Investment Securities purchased shall be held by the Trustee in trust for the benefit of the Note Owners (or the counter-party or provider of any Exchange Agreement or the owners of any Junior Subordinate Obligations to the extent their interests may appear) and shall be deemed at all times to be part of such Account except as provided in subsection (B) hereof, and the Trustee shall keep the Issuer advised as to the details of all such investments. The Trustee may make any and all such investments through its own investment department or that of its affiliates or subsidiaries.
Investment of Certain Funds. The Department instructs the Trustee and the Trust Company to invest funds relating to the Series 2019A Bonds in accordance with the Department’s written instructions to the Trustee and the Trust Company. (SIGNATURE PAGES FOLLOW) EXECUTED as of the date first above written. TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS By: Chair ATTEST: Secretary (SEAL) THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee By: Authorized Officer EXHIBIT “A” Accounts
Investment of Certain Funds. The District agrees, to the extent consistent with applicable Law, to invest and keep invested in a manner consistent with the District’s investment policies in effect from time to time, any unexpended amounts of the Debt Reduction Charges and Capital Recovery Charges during any Contract Year.
Investment of Certain Funds. The Trustee and the Trust Company shall invest funds relating to the Series 2020 Bonds held in the Series 2020 Acquisition Account, the Series 2020 Revenue Account, the Series 2020 Residual Revenues Account, the Series 2020 Costs of Issuance Account, and the Series 2020 Expense Account in accordance with the Department’s written instructions to the Trustee and the Trust Company. EXECUTED as of the date first above written. TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS By: Director of Bond Finance and Chief Investment Officer Department Signature Page to 2020 Supplement to Depository Agreement THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee By: Authorized Signatory Trustee Signature Page to 2020 Supplement to Depository Agreement TEXAS TREASURY SAFEKEEPING TRUST COMPANY By: Authorized Officer Trust Company Signature Page to 2020 Supplement to Depository Agreement EXHIBIT “A” Accounts
