No Reinvestment. The Certificate Paying Agent shall distribute all amounts collected in respect of the assets of the Issuer and neither the Certificate Paying Agent nor the Owner Trustee shall apply any such amounts toward the purchase of additional assets on behalf of the Issuer; provided, however, that such amounts may be invested in Permitted Investments selected in writing by the Servicer but only until the next Payment Date (and only where such investments mature on or prior to such Payment Date without a disposition thereof prior to maturity), when they shall be distributed.
No Reinvestment. In respect of each Funded Participation, subject to compliance by the Participant with its obligations under that Funded Participation, on and after the Closing Date the Grantor is not entitled to reinvest any amount received by it in respect of any Loan or Commitment applicable to that Funded Participation or the Ancillary Rights and Claims applicable to that Funded Participation, except for investments in cash or cash equivalents (where interest earned on such investments is passed to the Participant) during the settlement period, if any, from the collection date of such amounts to the date of required remittance to the Participant.
No Reinvestment. Except for any reserve established pursuant to the definitions of “Available Cash” or “Capital Proceeds”, or as otherwise determined by the Management Committee, all Available Cash and Capital Proceeds shall be distributed on a current basis and shall not be reinvested in any Project, either new or existing, or used to pay or make any Company expenses or expenditures in connection with the operation of the Company, the development, ownership or operation of any Project or otherwise.
No Reinvestment. The Grantor Trust Paying Agent shall distribute all amounts collected in respect of the assets of the Grantor Trust and neither the Grantor Trust Paying Agent nor the Grantor Trust Trustee shall apply any such amounts toward the purchase of additional assets on behalf of the Grantor Trust.
No Reinvestment. Except as otherwise may be provided in accordance with Section 5.1, the maturing principal and interest on any Initial Defeasance Obligations shall not be reinvested. The Escrow Agent shall hold all cash balances not invested as provided in this Agreement in cash on deposit in the applicable Escrow Fund and not invested for the benefit of any person, firm or entity (including the Escrow Agent) on demand and in trust for the purposes of this Agreement and shall secure the same in accordance with applicable Virginia law for the securing of public sinking funds.
