Interest on Collateral Accounts. Amounts held on deposit or as credit balances, whether in a Deposit Account or a Securities Account shall not bear interest, although to the extent invested in Investments (including Overnight Investments), deposit or credit balances may realize interest income.
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Samples: Master Disbursement Agreement (Wynn Resorts LTD), Master Disbursement Agreement (Wynn Resorts LTD), Master Disbursement Agreement (Wynn Las Vegas LLC)
Interest on Collateral Accounts. Amounts held on deposit or as credit balances, balances in the Collateral Accounts (whether in a Deposit Account or a Securities Account Account) shall not bear interest, although to the extent invested in Investments (including Overnight Investments), deposit or credit balances may realize interest income.
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Samples: Disbursement Collateral Account Agreement (Las Vegas Sands Corp)
Interest on Collateral Accounts. Amounts held on deposit or as credit balances, whether in a Restricted Deposit Account, a Restricted Credit Balance Account or a Restricted Securities Account shall not bear interest, although to the extent invested in Investments (including Overnight Investments), deposit or credit balances may realize interest income.
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Samples: Disbursement Collateral Account Agreement (Grand Canal Shops Mall Construction LLC)
Interest on Collateral Accounts. Amounts held on deposit or as credit balances, whether in a Deposit Account or a Securities Account balances shall not bear interest, although to the extent invested in Investments (including Overnight Investments), deposit or credit balances may realize interest income.
Appears in 1 contract
