Common use of Interest and Dividends Clause in Contracts

Interest and Dividends. All interest earned and dividends paid on funds invested in cash or Marketable Securities shall be deposited in the Securities Account as additional Collateral for the exclusive benefit of the Holders of the Notes and shall be reinvested in accordance with the terms hereof at the Company's direction, unless a Default or Event of Default or an event that with the lapse of time or the giving of a notice or both, would constitute an Event of Default has occurred and the Required Holders have notified the Depositary in writing that it should only take direction from the Required Holders or should no longer take further written direction from the Company.