Investment of Monies. Money in the Water Project Fund, representing proceeds of this Agreement, held and administered by the Finance Authority, may be invested by the Finance Authority for the credit of the Water Project Fund.
Investment of Monies. All monies that the Trustee may invest pursuant to This Deed shall be invested by the Trustee in bank deposits at one of the five major banks in Israel or in investments in securities of the State of Israel, all being subject to the conditions of This Trust Deed.
Investment of Monies. If the amount of the monies at any time available for payment of principal and interest in respect of the Notes under Clause 9.1 (Application of monies) shall be less than a sum sufficient to pay at least one-tenth of the principal amount of the Notes then outstanding, the Trustee may, at its discretion, invest such monies in one or more of the investments authorised herein with power from time to time, with like discretion, to vary such investments; and such investment(s) with the resulting income thereof may be accumulated until the accumulations together with any other funds for the time being under the control of the Trustee and available for the purpose shall amount to a sum sufficient to pay at least one-tenth of the principal amount of the Notes then outstanding and such accumulation and funds (after deduction of any taxes and any other deductibles applicable thereto) shall then be applied in the manner aforesaid.
Investment of Monies. Monies held for the credit of any fund or account established under this Indenture and held by Trustee shall be invested and reinvested by Trustee upon direction of Issuer in Investment Securities. Monies held for the credit of any fund or account established under this Indenture and held by Trustee shall be invested and reinvested by the Trustee at the written direction of the Issuer in such manner as is permitted by the investment policies and procedures of Issuer. All such investments shall mature, or be subject to redemption by the holder thereof at the option of the holder, not later than the date or dates on which the money held for credit of the particular fund shall be required for the purposes intended. For all purposes hereunder, Issuer hereby instructs Trustee to invest all monies held by it pursuant to this Indenture in the U.S. Bank Money Market Account as described on Exhibit F until such time as Issuer provides alternate instruction under this Section.
Investment of Monies. Monies on deposit in or credited to any Depositary Account shall be invested and reinvested in Cash Equivalents (a) if the maturity of the Bonds has not been accelerated, at the specific written direction (which may be in the form of a standing instruction) of an Authorized Officer of the Issuer to the Depositary Bank and (b) if the maturity of the Bonds has been accelerated, at the written direction of the Collateral Agent; provided, however, that (i) if a the maturity of the Bonds has not been accelerated and an Authorized Officer of the Issuer shall not have timely furnished such a written direction or (ii) if a Default or an Event of Default shall have occurred and be continuing and the Collateral Agent shall not have timely furnished such a written direction, the Depositary Bank shall invest such Monies only in Cash Equivalents described in clause (i) of the definition of Cash Equivalents with a maturity of thirty (30) days or less. Such investments shall mature in such amounts and have maturity dates, or be subject to redemption or capable of being sold or otherwise liquidated at the option of the holder thereof, on or prior to maturity as needed for the purposes described herein. Upon the acceleration of the maturity of the Bonds, the Depositary Bank shall, if instructed in writing by the Majority Holders of all Bonds of each Series as to which the Event of Default which gave rise to such acceleration applies, at any time and from time to time liquidate any or all of such investments prior to the maturity thereof as needed to cure the Event of Default which gave rise to such acceleration. In the event any such investments are redeemed prior to the maturity thereof, the Depositary Bank or the Bond Trustee shall not be liable for any loss or penalty relating thereto in the absence of its or the Bond Trustee's gross negligence or willful misconduct. Any income or gain realized from such investments shall be deposited (i) first, into the Debt Service Reserve Account until the Monies on deposit therein or credited thereto, together with the amount available Acceptable Credit Support, are equal to the then current Debt Service Reserve Required Balance, and without any further action on the part of the Issuer, (ii) second, into the Revenue Account. Any loss shall be charged to the applicable Depositary Account. The Depositary Bank shall not be liable for any loss, fee, tax or other charge other than by reason of its gross negligence or willful misconduct. ...
Investment of Monies. (a) Monies held in the Project Fund established pursuant to Section 4.01 hereof shall be invested and reinvested by the Purchaser in Authorized Investments in compliance with the Tax Compliance Agreement. In making any such investment the Purchaser may rely conclusively on the written directions of the Institution delivered to it pursuant to this Section 4.06 and the Purchaser shall be relieved of all liability with respect to the making of such investments in accordance with such directions. Such investments shall mature in such amounts and have maturity dates or be subject to redemption at the option of the holder thereof on or prior to the date on which the amounts invested therein will be needed for the purposes of the Project Fund. The Purchaser may at any time sell or otherwise reduce to cash a sufficient amount of such investments whenever the cash balance in the Project Fund is insufficient in the sole reasonable judgment of the Purchaser for the purposes thereof. Any such investments shall be held by or under control of the Purchaser and shall be deemed at all times a part of the Project Fund, and the interest accruing thereon and any profit realized from such investments shall be credited to and held in and any loss shall be charged to the Project Fund.
Investment of Monies. Pending the disbursement thereof pursuant to the terms of this Agreement, all monies in the Collateral Account shall (to the extent it is practical to do so) be invested by the Agent in Cash Equivalents (as defined in the Credit Agreement). All such investments shall be evidenced either (a) by negotiable certificates or instruments which are held by or for the account of the Agent, or (b) by book entries maintained in a Commonwealth, District or State in which the Agent may be granted by book entries a security interest in the securities relating thereto. In the absence of its gross negligence, or willful misconduct, the Agent shall not have any ability out of or in connection with any investment made in accordance with the provisions herein or for any loss or decline in value of any investment or from any loss resulting directly or indirectly from any investment made pursuant to and in accordance with the provisions hereof.
Investment of Monies. If, upon enforcement of the Security, the amount of the monies at any time available for payment of principal and interest in respect of the Notes of any Series under Clause 12.1 (Application of Monies) shall be less than a sum sufficient to pay at least one-tenth of the Principal Amount Outstanding of the Notes of such Series then outstanding, the Note Trustee may, at its discretion, subject in the case of the Issuer NTD Jersey Secured Property to the Jersey Security Interests Law, invest such monies upon some or one of the investments hereinafter authorised with power from time to time, with like discretion, to vary such investments; and such investment with the resulting income thereof may be accumulated until the accumulations together with any other funds for the time being under the control of the Note Trustee and available for the purpose shall amount to a sum sufficient to pay at least one-tenth of the Principal Amount Outstanding of the Notes of such Series then outstanding and such accumulation and funds (after deduction of any taxes and any other deductibles applicable thereto) shall then be applied in accordance with the order of priority contained in Condition 4 (Application of Proceeds Upon Enforcement).
Investment of Monies. Held in the Investment Account and the Cash Collateral Account. In the event that Trustee has not received written directions from Servicer, Trustee shall invest any cash amounts in the Investment Account and the Cash Collateral Account in investments specified in clause (a) of the definition of Eligible Investments. Trustee shall provide to Servicer and Bond Insurer monthly written confirmation of such investments, describing the Eligible Investments in which such amounts have been invested. Any funds in the Investment Account, the Class A Certificate Account and the Cash Collateral Account not so invested must be insured by the Federal Deposit Insurance Corporation to the limits established by such corporation.
Investment of Monies. Pending the disbursement thereof pursuant to the terms of this Agreement, all monies in the Collateral Account shall (to the extent it is practical to do so) be invested by the Lender in Cash Equivalents (as defined in the Credit Agreement). All such investments shall be evidenced either (a) by negotiable certificates or instruments which are held by or for the account of the Lender or (b) by book entries maintained in a State in which the Lender may be granted by book entries a security interest in the securities relating thereto. In the absence of its gross negligence or willful misconduct, the Lender shall not have any ability out of or in connection with any investment made in accordance with the provisions herein or for any loss or decline in value of any investment or from any loss resulting directly or indirectly from any investment made pursuant to and in accordance with the provisions hereof.
