Common use of Investment Fund Clause in Contracts

Investment Fund. First, Xxxxxxx Sachs Financial Square Government Fund for so long as Xxxxxxx Xxxxx Financial Square Government Fund is an Eligible Investment. If Xxxxxxx Sachs Financial Square Government Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall second be held in Xxxxx Fargo Government Money Market Fund for so long as Xxxxx Fargo Government Money Market Fund is an Eligible Investment. If Xxxxx Fargo Government Money Market Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall third be held in Xxxxx Fargo Treasury Plus Money Market Fund for so long as Xxxxx Fargo Treasury Plus Money Market Fund is an Eligible Investment. If Xxxxx Fargo Treasury Plus Money Market Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall be invested at the written direction of the Administrator in a money market mutual fund that is an Eligible Investment and has a principal investment strategy and an investment objective that are each substantially identical to Xxxxxxx Xxxxx Financial Square Government Fund. The Administrator shall deliver written instructions to the Indenture Trustee with respect to any change to be made in connection with the Investment Funds in which the funds are to be invested. Issuing Entity: Carvana Auto Receivables Trust 2021-P3, a Delaware statutory trust created by the Certificate of Trust and described in the Trust Agreement.

Investment Fund. First, Xxxxxxx Sachs Financial Square Government Fund for so long as Xxxxxxx Xxxxx Financial Square Government Fund is an Eligible Investment. If Xxxxxxx Sachs Financial Square Government Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall second be held in Xxxxx Fargo Government Money Market Fund for so long as Xxxxx Fargo Government Money Market Fund is an Eligible Investment. If Xxxxx Fargo Government Money Market Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall third be held in Xxxxx Fargo Treasury Plus Money Market Fund for so long as Xxxxx Fargo Treasury Plus Money Market Fund is an Eligible Investment. If Xxxxx Fargo Treasury Plus Money Market Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall be invested at the written direction of the Administrator in a money market mutual fund that is an Eligible Investment and has a principal investment strategy and an investment objective that are each substantially identical to Xxxxxxx Xxxxx Financial Square Government Fund. The Administrator shall deliver written instructions to the Indenture Trustee with respect to any change to be made in connection with the Investment Funds in which the funds are to be invested. Issuing Entity: Carvana Auto Receivables Trust 2021-P3P2, a Delaware statutory trust created by the Certificate of Trust and described in the Trust Agreement.

Investment Fund. First, Xxxxxxx Sachs Xxxxx Financial Square Government Fund for so long as Xxxxxxx Xxxxx Sachs Financial Square Government Fund is an Eligible Investment. If Xxxxxxx Sachs Xxxxx Financial Square Government Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall second be held in Xxxxx Fargo Government Money Market Fund for so long as Xxxxx Fargo Government Money Market Fund is an Eligible Investment. If Xxxxx Fargo Government Money Market Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall third be held in Xxxxx Fargo Treasury Plus Money Market Fund for so long as Xxxxx Fargo Treasury Plus Money Market Fund is an Eligible Investment. If Xxxxx Fargo Treasury Plus Money Market Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall be invested at the written direction of the Administrator in a money market mutual fund that is an Eligible Investment and has a principal investment strategy and an investment objective that are each substantially identical to Xxxxxxx Xxxxx Sachs Financial Square Government Fund. The Administrator shall deliver written instructions to the Indenture Trustee with respect to any change to be made in connection with the Investment Funds in which the funds are to be invested. Issuing Entity: Carvana Auto Receivables Trust 2021-P3P4, a Delaware statutory trust created by the Certificate of Trust and described in the Trust Agreement.

Investment Fund. First, Xxxxxxx Sachs Financial Square Government Fund for so long as Xxxxxxx Xxxxx Financial Square Government Fund is an Eligible Investment. If Xxxxxxx Sachs Financial Square Government Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall second be held in Xxxxx Fargo Government Money Market Fund for so long as Xxxxx Fargo Government Money Market Fund is an Eligible Investment. If Xxxxx Fargo Government Money Market Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall third be held in Xxxxx Fargo Treasury Plus Money Market Fund for so long as Xxxxx Fargo Treasury Plus Money Market Fund is an Eligible Investment. If Xxxxx Fargo Treasury Plus Money Market Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall be invested at the written direction of the Administrator in a money market mutual fund that is an Eligible Investment and has a principal investment strategy and an investment objective that are each substantially identical to Xxxxxxx Xxxxx Financial Square Government Fund. The Administrator shall deliver written instructions to the Indenture Trustee with respect to any change to be made in connection with the Investment Funds in which the funds are to be invested. Issuing Entity: Carvana Auto Receivables Trust 20212020-P3P1, a Delaware statutory trust created by the Certificate of Trust and described in the Trust Agreement.

Investment Fund. First, Xxxxxxx Sachs Financial Square Government Fund for so long as Xxxxxxx Xxxxx Financial Square Government Fund is an Eligible Investment. If Xxxxxxx Sachs Financial Square Government Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall second be held in Xxxxx Fargo Government Money Market Fund for so long as Xxxxx Fargo Government Money Market Fund is an Eligible Investment. If Xxxxx Fargo Government Money Market Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall third be held in Xxxxx Fargo Treasury Plus Money Market Fund for so long as Xxxxx Fargo Treasury Plus Money Market Fund is an Eligible Investment. If Xxxxx Fargo Treasury Plus Money Market Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall be invested at the written direction of the Administrator in a money market mutual fund that is an Eligible Investment and has a principal investment strategy and an investment objective that are each substantially identical to Xxxxxxx Xxxxx Financial Square Government Fund. The Administrator shall deliver written instructions to the Indenture Trustee with respect to any change to be made in connection with the Investment Funds in which the funds are to be invested. Issuing Entity: Carvana Auto Receivables Trust 2021-P3N2, a Delaware statutory trust created by the Certificate of Trust and described in the Trust Agreement.

Investment Fund. First, Xxxxxxx Sachs Financial Square Government Fund for so long as Xxxxxxx Xxxxx Financial Square Government Fund is an Eligible Investment. If Xxxxxxx Sachs Financial Square Government Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall second be held in Xxxxx Fargo Government Money Market Fund for so long as Xxxxx Fargo Government Money Market Fund is an Eligible Investment. If Xxxxx Fargo Government Money Market Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall third be held in Xxxxx Fargo Treasury Plus Money Market Fund for so long as Xxxxx Fargo Treasury Plus Money Market Fund is an Eligible Investment. If Xxxxx Fargo Treasury Plus Money Market Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall be invested at the written direction of the Administrator in a money market mutual fund that is an Eligible Investment and has a principal investment strategy and an investment objective that are each substantially identical to Xxxxxxx Xxxxx Financial Square Government Fund. The Administrator shall deliver written instructions to the Indenture Trustee with respect to any change to be made in connection with the Investment Funds in which the funds are to be invested. Issuing Entity: Carvana Auto Receivables Trust 2021-P3N1, a Delaware statutory trust created by the Certificate of Trust and described in the Trust Agreement.

Investment Fund. First, Xxxxxxx Sachs Financial Square Government Fund for so long as Xxxxxxx Xxxxx Financial Square Government Fund is an Eligible Investment. If Xxxxxxx Sachs Financial Square Government Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall second be held in Xxxxx Fargo Government Money Market Fund for so long as Xxxxx Fargo Government Money Market Fund is an Eligible Investment. If Xxxxx Fargo Government Money Market Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall third be held in Xxxxx Fargo Treasury Plus Money Market Fund for so long as Xxxxx Fargo Treasury Plus Money Market Fund is an Eligible Investment. If Xxxxx Fargo Treasury Plus Money Market Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall be invested at the written direction of the Administrator in a money market mutual fund that is an Eligible Investment and has a principal investment strategy and an investment objective that are each substantially identical to Xxxxxxx Xxxxx Financial Square Government Fund. The Administrator shall deliver written instructions to the Indenture Trustee with respect to any change to be made in connection with the Investment Funds in which the funds are to be invested. Issuing Entity: Carvana Auto Receivables Trust 2021-P3P1, a Delaware statutory trust created by the Certificate of Trust and described in the Trust Agreement.

Investment Fund. First, Xxxxxxx Sachs Financial Square Government Fund for so long as Xxxxxxx Xxxxx Financial Square Government Fund is an Eligible Investment. If Xxxxxxx Sachs Financial Square Government Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall second be held in Xxxxx Fargo Government Money Market Fund for so long as Xxxxx Fargo Government Money Market Fund is an Eligible Investment. If Xxxxx Fargo Government Money Market Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall third be held in Xxxxx Fargo Treasury Plus Money Market Fund for so long as Xxxxx Fargo Treasury Plus Money Market Fund is an Eligible Investment. If Xxxxx Fargo Treasury Plus Money Market Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall be invested at the written direction of the Administrator in a money market mutual fund that is an Eligible Investment and has a principal investment strategy and an investment objective that are each substantially identical to Xxxxxxx Xxxxx Financial Square Government Fund. The Administrator shall deliver written instructions to the Indenture Trustee with respect to any change to be made in connection with the Investment Funds in which the funds are to be invested. Issuing Entity: Carvana Auto Receivables Trust 2021-P3N3, a Delaware statutory trust created by the Certificate of Trust and described in the Trust Agreement.

Investment Fund. First, Xxxxxxx Sachs Financial Square Government Fund for so long as Xxxxxxx Xxxxx Financial Square Government Fund is an Eligible Investment. If Xxxxxxx Sachs Financial Square Government Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall second be held in Xxxxx Fargo Government Money Market Fund for so long as Xxxxx Fargo Government Money Market Fund is an Eligible Investment. If Xxxxx Fargo Government Money Market Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall third be held in Xxxxx Fargo Treasury Plus Money Market Fund for so long as Xxxxx Fargo Treasury Plus Money Market Fund is an Eligible Investment. If Xxxxx Fargo Treasury Plus Money Market Fund ceases to be an Eligible Investment, the funds deposited in each of the Designated Accounts shall be invested at the written direction of the Administrator in a money market mutual fund that is an Eligible Investment and has a principal investment strategy and an investment objective that are each substantially identical to Xxxxxxx Xxxxx Financial Square Government Fund. The Administrator shall deliver written instructions to the Indenture Trustee with respect to any change to be made in connection with the Investment Funds in which the funds are to be invested. Issuing Entity: Carvana Auto Receivables Trust 2021-P3N4, a Delaware statutory trust created by the Certificate of Trust and described in the Trust Agreement.