Common use of Investment of Funds in the Collection Account Clause in Contracts

Investment of Funds in the Collection Account. (a) The Servicer may direct any depository institution maintaining the Collection Account and REO Account to invest the funds on deposit in such accounts or to hold such funds uninvested (each such account, for the purposes of this Section 3.12, an “Investment Account”). All investments pursuant to this Section 3.12 shall be in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trust Administrator is the obligor thereon or if such investment is managed or advised by a Person other than the Trust Administrator or an Affiliate of the Trust Administrator, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trust Administrator is the obligor thereon or if such investment is managed or advised by the Trust Administrator or any Affiliate. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trust Administrator (in its capacity as such), or in the name of a nominee of the Trust Administrator. The Trust Administrator shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and REO Account and any income and gain realized thereon) over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trust Administrator or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator or its nominee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trust Administrator shall:

Investment of Funds in the Collection Account. (a) The Servicer may direct any depository institution maintaining the Collection Account and REO Account to invest the funds on deposit in such accounts or to hold such funds uninvested (each such account, for the purposes of this Section 3.12, an “Investment Account”). All investments pursuant ) to this Section 3.12 shall be invest the funds in such Investment Account in one or more Permitted Investments specified in such instruction bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trust Administrator is the obligor thereon or if such investment is managed or advised by a Person other than the Trust Administrator or an Affiliate of the Trust Administratorthereon, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trust Administrator is the obligor thereon or if such investment is managed or advised by the Trust Administrator or any Affiliatethereon. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trust or the Trust Administrator (in its capacity as such), ) on behalf of the Trust or in the name of a nominee of the Trust Administrator. The Trust Administrator shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and REO the Distribution Account and any income and gain realized thereon) over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trust Administrator or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator or its nominee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trust Administrator shall:

Investment of Funds in the Collection Account. (a) The Servicer may direct any depository institution maintaining the Collection Account and REO Account to invest the funds on deposit in such accounts or to hold such funds uninvested (each such account, for the purposes of this Section 3.12, an “Investment Account”). All investments pursuant ) to this Section 3.12 shall be invest the funds in such Investment Account in one or more Permitted Investments specified in such instruction bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trust Administrator Trustee is the obligor thereon or if such investment is managed or advised by a Person other than the Trust Administrator or an Affiliate of the Trust Administratorthereon, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trust Administrator Trustee is the obligor thereon or if such investment is managed or advised by the Trust Administrator or any Affiliatethereon. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trust Administrator Trustee (in its capacity as such), ) or in the name of a nominee of the Trust AdministratorTrustee. The Trust Administrator Trustee shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and REO Account, the Distribution Account and any income and gain realized thereon) over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trust Administrator Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator Trustee or its nominee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trust Administrator Trustee shall:

Investment of Funds in the Collection Account. (a) The Servicer may direct any depository institution maintaining the Collection Account and REO Account to invest the funds on deposit in such accounts or to hold such funds uninvested (each such account, for the purposes of this Section 3.12, an “Investment Account”). All investments pursuant ) to this Section 3.12 shall be invest the funds in such Investment Account in one or more Permitted Investments specified in such instruction bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trust Administrator is the obligor thereon or if such investment is managed or advised by a Person other than the Trust Administrator or an Affiliate of the Trust Administratorthereon, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trust Administrator is the obligor thereon or if such investment is managed or advised by the Trust Administrator or any Affiliatethereon. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trust Administrator (in its capacity as such), ) or in the name of a nominee of the Trust Administrator. The Trust Administrator shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and REO the Distribution Account and any income and gain realized thereon) over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trust Administrator or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator or its nominee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trust Administrator shall:

Investment of Funds in the Collection Account. (a) The Servicer may direct any depository institution maintaining the Collection Account and REO Account to invest the funds on deposit in such accounts or to hold such funds uninvested (each such accounteach, for the purposes of this Section 3.12, an “"Investment Account”"). All investments pursuant , to this Section 3.12 shall be invest the funds in each Investment Account in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trust Administrator is the obligor thereon or if unless such investment is funds are invested in Permitted Investments managed or advised by a Person other than the Trust Administrator Trustee or an Affiliate one of the Trust Administratorits Affiliates, and (ii) no later than in which case such Permitted Investments may mature on the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if . Funds in the Trust Administrator is the obligor thereon or if such investment is managed or advised by the Trust Administrator or any AffiliateDistribution Account may be held uninvested. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trust Administrator Trustee (in its capacity as such), or in the name of a nominee of the Trust AdministratorTrustee. The Trust Administrator shall Trustee may be entitled to sole possession or control (except with respect to investment direction of funds held in the Collection Account and REO Account and any income and gain realized thereon) over each such investment, and any certificate certificate, securities entitlement or other instrument evidencing any such investment shall be delivered directly to the Trust Administrator Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator Trustee or its nominee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trust Administrator Servicer shall:

Investment of Funds in the Collection Account. (a) The Servicer may direct any depository institution maintaining the Collection Account and REO Account to invest the funds on deposit in such accounts or to hold such funds uninvested (each such account, for the purposes of this Section 3.12, an “"Investment Account”). All investments pursuant ") to this Section 3.12 shall be invest the funds in such Investment Account in one or more Permitted Investments specified in such instruction bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trust Administrator is the obligor thereon or if such investment is managed or advised by a Person other than the Trust Administrator or an Affiliate of the Trust Administratorthereon, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trust Administrator is the obligor thereon or if such investment is managed or advised by the Trust Administrator or any Affiliatethereon. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trust or the Trust Administrator (in its capacity as such), ) on behalf of the Trust or in the name of a nominee of the Trust Administrator. The Trust Administrator shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and REO the Distribution Account and any income and gain realized thereon) over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trust Administrator or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator or its nominee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trust Administrator shall:

Investment of Funds in the Collection Account. (a) The Servicer may direct any depository institution maintaining the Collection Account and any REO Account to invest the funds on deposit in such accounts or to hold such funds uninvested (each such accounteach, for the purposes of this Section 3.12, an “Investment Account”). All investments pursuant ) to this Section 3.12 shall be invest the funds in such Investment Account in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trust Administrator is the obligor thereon or if such investment is managed or advised by a Person other than the Trust Administrator or an Affiliate of the Trust Administrator, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trust Administrator is the obligor thereon or if such investment is managed or advised by the Trust Administrator or any Affiliate. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trust Administrator (in its capacity as such), or in the name of a nominee of the Trust Administrator. The Trust Administrator shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and or any REO Account and any income and gain realized thereon) over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trust Administrator or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator or its nominee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trust Administrator shall:

Investment of Funds in the Collection Account. (a) The Servicer may direct any depository institution maintaining the Collection Account and any REO Account to invest the funds on deposit in such accounts or to hold such funds uninvested (each such accounteach, for the purposes of this Section 3.12, an “Investment Account”). All investments pursuant ) to this Section 3.12 shall be invest the funds in such Investment Account in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trust Administrator is the obligor thereon or if such investment is managed or advised by a Person other than the Trust Administrator or an Affiliate of the Trust Administrator, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trust Administrator is the obligor thereon or if such investment is managed or advised by the Trust Administrator Trustee or any Affiliate. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trust Administrator Trustee (in its capacity as such), or in the name of a nominee of the Trust AdministratorTrustee. The Trust Administrator shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and or any REO Account and any income and gain realized thereon) over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trust Administrator or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator or its nominee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trust Administrator shall:

Investment of Funds in the Collection Account. the Impositions and Insurance Reserve Sub-Account, Other Reserve Accounts and the REO Account. (a) The Servicer may direct (pursuant to a standing order or otherwise) any depository institution maintaining the Collection Account and the REO Account Account, to invest invest, or if it is such a depository institution, it may itself invest, the funds on deposit in such accounts or to hold such funds uninvested held therein (each such account, for the purposes of this Section 3.123.06, an “Investment Account”). All investments pursuant to this Section 3.12 shall be ) in (but only in) one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the next succeeding date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than ; provided that the Trust Administrator is funds in any Investment Account shall remain uninvested unless and until the obligor thereon or if such Servicer gives timely investment is managed or advised by a Person other than the Trust Administrator or an Affiliate of the Trust Administrator, and (ii) no later than the date on which such funds are required to be withdrawn from such account instructions with respect thereto pursuant to this Agreement, if the Trust Administrator is the obligor thereon or if such investment is managed or advised by the Trust Administrator or any AffiliateSection 3.06. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trust Administrator Trustee (in its capacity as such). The Servicer, or in the name of a nominee acting on behalf of the Trust Administrator. The Trust Administrator Trustee, shall (and Trustee hereby designates the Servicer as the Person that shall) (i) be entitled to sole possession the “entitlement holder” of any Permitted Investment that is a “security entitlement” and (except with respect to investment direction ii) maintain “control” of funds held any Permitted Investment that is either a “certificated security” or an “uncertificated security.” For purposes of this Section 3.06(a), the terms “entitlement holder”, “security entitlement”, “control”, “certificated security” and “uncertificated security” shall have the meanings given such terms in Revised Article 8 (1994 Revision) of the Collection Account and REO Account and any income and gain realized thereon) over each such investmentUCC, and “control” of any certificate or other instrument evidencing any such investment Permitted Investment by the Servicer shall be delivered directly to constitute “control” by a Person designated by, and acting on behalf of, the Trust Administrator or its agent, together with any document Trustee for purposes of transfer necessary to transfer title to such investment to Revised Article 8 (1994 Revision) of the Trust Administrator or its nomineeUCC. In the event If amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trust Administrator Servicer shall:

Investment of Funds in the Collection Account. (a) The Servicer may direct any depository institution maintaining the Collection Account and any REO Account to invest the funds on deposit in such accounts and the Trustee may invest the funds on deposit in the Distribution Account or to hold such funds uninvested (each such account, for the purposes of this Section 3.12, an “"Investment Account”"). All investments pursuant to this Section 3.12 shall be in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trust Administrator Trustee is the obligor thereon or if such investment is managed or advised by a Person other than the Trust Administrator Trustee or an Affiliate of the Trust AdministratorTrustee, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trust Administrator Trustee is the obligor thereon or if such investment is managed or advised by the Trust Administrator Trustee or any Affiliate. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trust Administrator Trustee (in its capacity as such), or in the name of a nominee of the Trust AdministratorTrustee. The Trust Administrator Trustee shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and any REO Account Account, and any income and gain realized thereon) over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trust Administrator Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator Trustee or its nominee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trust Administrator Trustee shall:

Investment of Funds in the Collection Account. (a) The Servicer may direct any depository institution maintaining the Collection Account and REO the Trustee may direct any depository institution maintaining the Distribution Account (for purposes of this Section 3.23, each an "Investment Account"), to invest the funds on deposit in such accounts or to hold such funds uninvested (each such account, for the purposes of this Section 3.12, an “Investment Account”). All investments pursuant to this Section 3.12 shall be Account in one or more Permitted Eligible Investments bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trust Administrator Trustee is the obligor thereon or if such investment is managed or advised by a Person other than the Trust Administrator or an Affiliate of the Trust Administratorthereon, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trust Administrator Trustee is the obligor thereon or if such investment is managed or advised by the Trust Administrator Trustee or any Affiliatean Affiliate of the Trustee. All such Permitted Eligible Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trust Administrator Trustee or the Servicer, as applicable (in its capacity as such), ) or in the name of a nominee of the Trust AdministratorTrustee. The Trust Administrator Trustee shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and REO Account and any income and gain realized thereonAccount) over each such investmentinvestment and the income thereon, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trust Administrator Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator Trustee or its nominee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted an Eligible Investment payable on demand, the Trust Administrator shallTrustee shall at the direction of the Servicer:

Investment of Funds in the Collection Account. (a) The Servicer may direct any depository institution maintaining the Collection Account and any REO Account to invest the funds on deposit in such accounts or to hold such funds uninvested (each such account, for the purposes of this Section 3.12, such account an “Investment Account”). All investments pursuant ) to this Section 3.12 shall be invest the funds in such Investment Account in one or more Permitted Investments specified in such instruction bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trust Administrator is the obligor thereon or if such investment is managed or advised by a Person other than the Trust Administrator or an Affiliate of the Trust Administratorthereon, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trust Administrator is the obligor thereon or if such investment is managed or advised by the Trust Administrator or any Affiliatethereon. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trust Administrator (in its capacity as such), ) or in the name of a nominee of the Trust Administrator. The Trust Administrator shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and REO any Investment Account and any income and gain realized thereon) over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trust Administrator or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator or its nominee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trust Administrator shall:

Investment of Funds in the Collection Account. (a) The Servicer may direct any depository institution maintaining the one or more Collection Account and REO Account Accounts, to invest the funds on deposit in such accounts or to hold such funds uninvested (each such account, for the purposes of this Section 3.12, an “Investment Account”). All investments pursuant to this Section 3.12 shall be Collection Account in one or more Permitted Eligible Investments bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trust Administrator Trustee is the obligor thereon or if such investment is managed or advised by a Person other than the Trust Administrator or an Affiliate of the Trust Administratorthereon, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trust Administrator Trustee is the obligor thereon or if such investment is managed or advised by the Trust Administrator Trustee or any Affiliatean Affiliate of the Trustee. All such Permitted Eligible Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment a Collection Account shall be made in the name of the Trust Administrator Servicer (in its capacity as such) or the Trustee (only in its capacity as successor servicer), or in the name of a nominee of the Trust Administrator. The Trust Administrator Trustee shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and REO Account and any income and gain realized thereonAccounts) over each such investmentinvestment and the income thereon, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trust Administrator Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator Trustee or its nominee. In the event amounts on deposit in an Investment a Collection Account are at any time invested in a Permitted an Eligible Investment payable on demand, the Trust Administrator shallTrustee shall at the direction of the Servicer:

Investment of Funds in the Collection Account. (a) The Master Servicer may direct any depository institution maintaining the Collection Account and REO Account to invest the funds on deposit in such accounts or to hold such funds uninvested (each such account, for the purposes of this Section 3.122.12, an “Investment Account”). All investments pursuant , to this Section 3.12 shall be hold the funds in such Investment Account uninvested or to invest the funds in such Investment Account in one or more Permitted Investments specified in such instruction bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trust Administrator Paying Agent is the obligor thereon or if such investment is managed or advised by a Person other than the Trust Administrator or an Affiliate of the Trust Administratorthereon, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trust Administrator Paying Agent is the obligor thereon or if such investment is managed or advised by the Trust Administrator or any Affiliatethereon. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trust Administrator Master Servicer (in its capacity as such), ) or in the name of a nominee of the Trust Securities Administrator. The Trust Securities Administrator shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and REO Account and any income and gain realized thereon) over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trust Securities Administrator or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Securities Administrator or its nominee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trust Securities Administrator shall:

Investment of Funds in the Collection Account. (a) The Master Servicer may direct any depository institution maintaining the Collection Account and REO Account to invest the funds on deposit in such accounts or to hold such funds uninvested (each such account, for the purposes of this Section 3.122.12, an “Investment Account”). All investments pursuant , to this Section 3.12 shall be hold the funds in such Investment Account uninvested or to invest the funds in such Investment Account in one or more Permitted Investments specified in such instruction bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trust Administrator Paying Agent is the obligor thereon or if such investment is managed or advised by a Person other than the Trust Administrator or an Affiliate of the Trust Administratorthereon, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trust Administrator Paying Agent is the obligor thereon or if such investment is managed or advised by the Trust Administrator or any Affiliatethereon. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trust Securities Administrator (in its capacity as such), ) or in the name of a nominee of the Trust Securities Administrator. The Trust Securities Administrator shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and REO Account and any income and gain realized thereon) over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trust Securities Administrator or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Securities Administrator or its nominee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trust Securities Administrator shall: