Common use of General Investments Clause in Contracts

General Investments. The Trustee shall invest and reinvest monies held in any Fund established by this Indenture in accordance with an Issuer Order or Orders, but only in one or more Eligible Investments. In computing the amount in any Fund created hereunder, obligations purchased as an investment of monies therein shall be valued at the market value of such obligations, exclusive of any accrued but unpaid interest. Such computations of amount shall be determined whenever required pursuant to the terms of this Indenture.

Appears in 4 contracts

Samples: Warren Resources (Warren Resources Inc), Warren Resources (Warren Resources Inc), Indenture (Warren Resources Inc)

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