Common use of Administration of the Class B Cash Collateral Account Clause in Contracts

Administration of the Class B Cash Collateral Account. HVF may instruct (by standing instructions or otherwise) the institution maintaining a Class B Cash Collateral Account to invest funds on deposit in a Class B Cash Collateral Account from time to time in Permitted Investments. Any investment of funds on deposit in a Class B Cash Collateral Account shall mature not later than the Business Day prior to the first Payment Date following the date on which such funds were received (including funds received upon a payment in respect of a Permitted Investment made with funds on deposit in the Class B Cash Collateral Account), unless any Permitted Investment held in the Class B Cash Collateral Account is held with the Trustee, in which case such investment may mature on such Payment Date so long as such funds shall be available for withdrawal on or prior to such Payment Date. HVF shall not direct the Trustee to dispose of (or permit the disposal of) any Permitted Investments prior to the maturity thereof to the extent such disposal would result in a loss of the initial purchase price of such Permitted Investment. In the absence of written investment instructions hereunder, funds on deposit in a Class B Cash Collateral Account shall remain uninvested.

Administration of the Class B Cash Collateral Account. HVF may instruct (by standing instructions or otherwise) the institution maintaining a each Class B Cash Collateral Account to invest funds on deposit in a each Class B Cash Collateral Account from time to time in Permitted Investments. Any investment of funds on deposit in a Class B Cash Collateral Account shall mature not later than the Business Day prior to the first Payment Date following the date on which such funds were received (including funds received upon a payment in respect of a Permitted Investment made with funds on deposit in the a Class B Cash Collateral Account), unless any Permitted Investment held in the such Class B Cash Collateral Account is held with the Trustee, in which case such investment may mature on such Payment Date so long as such funds shall be available for withdrawal on or prior to such Payment Date. HVF shall not direct the Trustee to dispose of (or permit the disposal of) any Permitted Investments prior to the maturity thereof to the extent such disposal would result in a loss of the initial purchase price of such Permitted Investment. In the absence of written investment instructions hereunder, funds on deposit in a Class B Cash Collateral Account shall remain uninvested.