Common use of Investment of Accounts Clause in Contracts

Investment of Accounts. (a) So long as no event described in Sections 8.20(a) or (b) hereof shall have occurred and be continuing, and consistent with any requirements of the Code, all or a portion of the Accounts held by the Trustee shall be invested and reinvested by the Trustee in the name of the Trustee for the benefit of the Owners and the Certificate Insurer, as their interests may appear, directed in writing by the Servicer on the Closing Date and from time to time thereafter, in one or more Eligible Investments bearing interest or sold at a discount. During the continuance of an event described in Sections 8.20(a) or (b) hereof and following any removal of the Servicer, the Certificate Insurer shall direct such investments. No investment in any Account shall mature later than the second Business Day preceding the next Payment Date.

Investment of Accounts. (a) So long as no event described in Sections 8.20(a4.20(a) or (b) hereof shall have occurred and be continuing, and consistent with any requirements of the Code, all or a portion of the Accounts held by the Indenture Trustee shall be invested and reinvested by the Trustee in the name of the Indenture Trustee for the benefit of the Owners and the Certificate Note Insurer, as their interests may appear, directed in writing by the Servicer on the Closing Date and from time to time thereafter, in one or more Eligible Investments bearing interest or sold at a discount. During the continuance of an event described in Sections 8.20(a4.20(a) or (b) hereof and following any removal of the Servicer, the Certificate Note Insurer shall direct such investments. No investment in any Account shall mature later than the second Business Day preceding the next Payment Date.

Investment of Accounts. (a) So long as no event described in Sections 8.20(a) or (b) hereof shall have occurred and be continuing, and consistent with any requirements of the Code, all or a portion of the Accounts held by the Trustee shall be invested and reinvested by the Trustee in the name of the Trustee for the benefit of the Owners and the Class A-8 and Class A-9 Certificate Insurer, as their interests may appear, as directed in writing by the Servicer on the Closing Date and from time to time thereafterMaster Servicer, in one or more Eligible Investments bearing interest or sold at a discount. During the continuance of an event described in Sections 8.20(a) or (b) hereof and following any removal of the Master Servicer, the Certificate Insurer Control Party shall direct such investments. No investment in any Account shall mature later than the second Business Day immediately preceding the next Payment Date.