Income from Investments. The proceeds from the investment of monies in any Collateral Account in Permitted Investments shall be deposited by the Collateral Agent into the Revenue Account on or before the second Business Day following the month in which such interest, gain or other amount is earned and received; provided that for the avoidance of doubt, such proceeds shall consist of interest, gain and other amounts received in respect of an investment of principal and not the principal itself. Any interest, gain or other amount of income earned on Permitted Investments shall be for the account of the Borrower for income tax purposes.
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Samples: Collateral Agency Agreement (Cheniere Energy Inc), Collateral Agency Agreement (Cheniere Energy Inc), Credit Agreement (Cheniere Energy Inc)
Income from Investments. The proceeds earned from the investment of monies in any Collateral Account in Permitted Investments shall be deposited by the Collateral Depositary Agent into the Revenue Collections Account on or before the second (2nd) Business Day following the month in which such interest, gain or other amount is earned and received; provided that for the avoidance of doubt, such proceeds shall consist of interest, gain and other amounts received in respect of an investment of principal and not the principal itself. Any interest, gain or other amount of income earned on Permitted Investments shall be for the account of the Borrower for income tax purposes.
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