Investing of Amounts in the Cash Collateral Account. The Administrative Agent will, from time to time (i) invest (A) amounts received with respect to the Cash Collateral Account in such Cash Equivalents credited to the Cash Collateral Account as the Borrower may select and the Administrative Agent may approve in its reasonable discretion, and (B) interest paid on the Cash Equivalents referred to in clause (i)(A) above, and (ii) reinvest other proceeds of any such Cash Equivalents that may mature or be sold, in each case in such Cash Equivalents credited in the same manner. Interest and proceeds that are not invested or reinvested in Cash Equivalents as provided above shall be deposited and held in the Cash Collateral Account. In addition, the Administrative Agent shall have the right at any time to exchange such Cash Equivalents for similar Cash Equivalents of smaller or larger determinations, or for other Cash Equivalents, credited to the Cash Collateral Account.
Investing of Amounts in the Cash Collateral Account. The Collateral Agent will, subject to the provisions of Sections 7, 9 and 21, from time to time (a) invest, or direct the Cash Collateral Account Bank to invest, amounts received with respect to the Cash Collateral Account in such Cash Equivalents credited to the Cash Collateral Account as the Company may select so long as no Event of Default has occurred and is continuing (or, if an Event of Default has occurred and is continuing, as the Collateral Agent may select, which may include not investing such amounts), and (b) invest interest paid on the Cash Equivalents referred to in clause (a) above, and reinvest other proceeds of any such Cash Equivalents that may mature or be sold, in each case in such Cash Equivalents credited in the same manner. Interest and proceeds that are not invested or reinvested in Cash Equivalents as provided above shall be deposited and held in the Cash Collateral Account. In addition, the Collateral Agent shall have the right at any time to exchange, or direct the applicable Cash Collateral Account Bank to exchange, such Cash Equivalents for similar Cash Equivalents of smaller or larger determinations, or for other Cash Equivalents, credited to the Cash Collateral Account.
Investing of Amounts in the Cash Collateral Account. If requested by the Pledgor, the Trustee will, subject to the provisions of Section 7 and Section 14, from time to time (a) invest amounts on deposit in the Cash Collateral Account in such Cash Equivalents in the name of the Trustee as the Pledgor may select and the Trustee may approve and (b) invest interest paid on the Cash Equivalents referred to in clause (a) above, and reinvest other proceeds of any such Cash Equivalents that may mature or be sold, in each case in such Cash Equivalents in the name of the Trustee, as the Pledgor may select and the Trustee may approve (the Cash Equivalents referred to in clauses (a) and (b) above being collectively "COLLATERAL INVESTMENTS"); PROVIDED, HOWEVER, that (a) following the consummation of the first Acquisition, the amount on deposit in the Collateral Investments Account must include U.S. Government Obligations sufficient to provide for the payment in full of the first four scheduled interest payments on $100 million principal amount of Notes and (b) following the consummation of the second Acquisition or the consummation of the Special Repurchase Offer, the amount on deposit in the Collateral Investments Account shall be U.S. Government Obligations sufficient to provide for the payment in full of the first four scheduled interest payments, on all of the Notes then outstanding. Interest and proceeds that are not invested or reinvested in Collateral Investments as provided above shall be deposited and held in the Cash Collateral Account. In no event shall the Trustee be liable for any loss in the investment or reinvestment of amounts held in the Cash Collateral Account.
Investing of Amounts in the Cash Collateral Account. The Account Bank will (as directed in writing by the Grantor), subject to the provisions of Section 11 and Section 19, from time to time (a) invest amounts on deposit in the Cash Collateral Account in such Cash Equivalents as the Grantor may select, and (b) invest interest paid on the property referred to in clause (a) above, and reinvest other proceeds of any such property that may mature or be sold, in each case in such Cash Equivalents as the Grantor may select, so long as all such (the Cash Equivalents referred to in clauses (a) and (b) above being collectively “Investments”). Interest and proceeds that are not invested or reinvested in Investments as provided above shall be deposited and held in the Cash Collateral Account. The Collateral Trustee and the Grantor agree that all Investments shall be treated as financial assets under Article 8 of the Code. As used herein, “Cash Equivalents” means any of the following, to the extent owned by the Grantor free and clear of all Liens other than Liens created under this Agreement and having a maturity of not greater than 90 days from the date of issuance thereof: (i) readily marketable direct obligations of the Government of the United States or any agency or instrumentality thereof or obligations unconditionally guaranteed by the full faith and credit of the Government of the United States, (ii) insured certificates of deposit of or time deposits with any FDIC- insured depository institution, provided that the full amount of such certificates of deposit or time deposits is covered by FDIC insurance, and (iii) investments, classified in accordance with GAAP as Current Assets of the Grantor, in money market funds that are registered under the Investment Company Act of 1940, as amended, that are administered by financial institutions that have the highest rating obtainable from either Xxxxx’x or S&P and the portfolios of which are limited solely to investments of the character, quality and maturity described in clauses (i) and (ii) of this definition.
Investing of Amounts in the Cash Collateral Account. The Administrative Agent will, subject to the provisions of Sections 5 and 22, from time to time (a) invest amounts received with respect to the Cash Collateral Account in such Cash Equivalents credited to (A) the Cash Collateral Account as the Borrower may select or (B) in the case of Cash Equivalents consisting of Securities Collateral, a securities account in which the Administrative Agent is the securities intermediary or a securities account subject to a Securities Account Control Agreement, and (b) invest interest paid on the Cash Equivalents referred to in clause (a) above, and reinvest other proceeds of any such Cash Equivalents that may mature or be sold, in each case in such Cash Equivalents credited in the same manner. Interest and proceeds that are not invested or reinvested in Cash Equivalents as provided above shall be deposited and held in the Cash Collateral Account. In addition, the Administrative Agent shall have the right at any time to exchange such Cash Equivalents for similar Cash Equivalents of smaller or larger determinations, or for other Cash Equivalents, credited to the Cash Collateral Account, as the case may be. Del Monte Security Agreement
Investing of Amounts in the Cash Collateral Account the L/C Cash Collateral Account, the Company Account and the Escrow Account. If requested by the Borrower, the Collateral Agent will, subject to the provisions of Sections 8 and 20, from time to time (a) invest amounts on deposit in the Cash Collateral Account, the L/C Cash Collateral Account, the Company Account and the Escrow Account in such Cash Equivalents in the name of the Collateral Agent or as to which all action required by Section 10 shall have been taken as the Borrower may select and the Collateral Agent may approve and (b) invest interest paid on the Cash Equivalents referred to in clause (a) above, and reinvest other proceeds of any such Cash Equivalents that may mature or be sold, in each case in such Cash Equivalents in the name of the Collateral Agent or as to which all actions required by Section 10 shall have been taken as the Borrower may select and the Collateral Agent may approve (the Cash Equivalents referred to in clauses (a) and (b) above being collectively "Collateral Investments"). Interest and proceeds that are not invested or reinvested in Collateral Investments as provided above shall be deposited and held in the Cash Collateral Account, the L/C Cash Collateral Account, the Company Account or the Escrow Account, as the case may be.
Investing of Amounts in the Cash Collateral Account. Amounts held by the ------------------------------------------------------------------------ Agent. ------ Cash held by the Agent in the Cash Collateral Account shall not be invested or reinvested except as provided in this Section 5.
Investing of Amounts in the Cash Collateral Account. The Agent will, subject to the provisions of Sections 5 and 22, from time to time (a) invest, or direct the applicable Pledged Account Bank to invest, amounts received with respect to the Cash Collateral Account in such Cash Equivalents credited to the Cash Collateral Account as the Borrower Agent may select and the Agent and each of the Collateral Agents may approve, and (b) invest interest paid on the Cash Equivalents referred to in clause (a) above, and reinvest other proceeds of any such Cash Equivalents that may mature or be sold, in each case in such Cash Equivalents credited in the same manner. Interest and proceeds that are not invested or reinvested in Cash Equivalents as provided above shall be deposited and held in the Cash Collateral Account. In addition, the Agent shall have the right (as the Agent and each Collateral Agent may approve) at any time to exchange, or direct the applicable Pledged Account Bank to exchange, such Cash Equivalents for similar Cash Equivalents of smaller or larger denominations, or for other Cash Equivalents, credited to the Cash Collateral Account.
Investing of Amounts in the Cash Collateral Account. Following the Discharge of ABL Debt Obligations, to the extent applicable, the Collateral Trustee will, subject to the Intercreditor Agreement and the provisions of Sections 6 and 23, from time to time (a) invest, or direct the applicable Pledged Account Bank to invest, amounts received with respect to the Cash Collateral Account in such Cash Equivalents credited to the Cash Collateral Account as SCOC, or any other agent designated by Grantors as their representative and agent (in such capacity, the “Grantor Agent”) for all purposes under the Priority Lien Documents, may select and the Collateral Trustee may approve, and (b) invest interest paid on the Cash Equivalents referred to in clause (a) above, and reinvest other proceeds of any such Cash Equivalents that may mature or be sold, in each case in such Cash Equivalents credited in the same manner. Interest and proceeds that are not invested or reinvested in Cash Equivalents as provided above shall be deposited and held in the Cash Collateral Account. In addition, the Collateral Trustee shall have the right at any time to exchange, or direct the applicable Pledged Account Bank to exchange, such Cash Equivalents for similar Cash Equivalents of smaller or larger denominations, or for other Cash Equivalents, credited to the Cash Collateral Account.
Investing of Amounts in the Cash Collateral Account. If requested by the Issuers, the Trustee will, subject to the provisions of Section 7 and Section 14, from time to time (a) invest amounts on deposit in the Cash Collateral Account in such Temporary Cash Investments, each in the name of or for the account of the Trustee, as the Issuers may designate in writing and (b) invest interest paid on the Temporary Cash Investments referred to in clause (a) above, and reinvest other proceeds of any such Temporary Cash Investments that may mature or be sold, in each case in such Temporary Cash Investments each in the name of or for the account of the Trustee, as the Issuers may designate in writing (the Temporary Cash Investments referred to in clauses (a) and (b) above being collectively "Collateral Investments"). Interest and proceeds that are not invested or reinvested in Collateral Investments as provided above shall be deposited and held in the Cash Collateral Account. The Trustee shall in no event be liable for any loss in the investment or reinvestment of amounts held in the Cash Collateral Account in accordance with the written instructions of the Issuers. In the event the Trustee does not receive any information as to how to invest funds in the Cash Collateral Account it shall invest such funds in the Provident Institutional T-Fund Dollar Shares Money Market Mutual Fund.
