Investment of Amounts Sample Clauses

Investment of Amounts. To the extent there are uninvested amounts in the Certificate Distribution Account prior to 3:00 p.m. New York City time on any Business Day, the Trustee shall invest such amounts in Eligible Investments of the type described in subsection (i) of the definition of Eligible Investments. All such investments shall be made in the name of the Trustee. The Depositor shall be entitled to any income on such investments and shall be liable for any losses thereon.
Sample 1Sample 2Sample 3See All (11)
AutoNDA by SimpleDocs
Investment of Amounts. To the extent there are uninvested amounts in the Note Distribution Account or the Certificate Distribution Account prior to 3:00 p.m. New York City time of any Business Day, the Indenture Trustee shall invest such amounts in Eligible Investments of the type described in subsection (e) of the definition of Eligible Investments. All such investments shall be made in the name of the Indenture Trustee. The Depositor shall be entitled to any income on such investments and shall be liable for any losses thereon.
Sample 1Sample 2Sample 3See All (5)
Investment of Amounts. To the extent neither the Seller nor an investment manager has directed the investment of funds in the Certificate Distribution Account pursuant to Section 6.02(b)(i) above on a preceding Business Day and there are uninvested amounts in the Certificate Distribution Account prior to 3:00 p.m. (New York City time) on any Business Day, the Trustee shall invest such amounts in the First American Government Obligations Fund (Class A), which is an Eligible Investment of the type described in subsection (i) of the definition of Eligible Investments. All such investments shall be made in the name of the Trustee. The Trustee shall be entitled to any income or gain realized on such investments.
Sample 1Sample 2Sample 3See All (5)
Investment of Amounts. The Secretary shall invest such portion of the Trust Fund as is not required to meet cur- rent withdrawals in interest-bearing obliga- tions of the United States or in obligations guaranteed as to both principal and interest by the United States.
Sample 1Sample 2
Investment of Amounts. 97 Section 6.04. Collections........................................ 97 Section 6.05.
Sample 1
Investment of Amounts. (i) Pending the disbursement thereof pursuant to the terms of this Agreement, all cash from time to time held by the Security Trustee (other than in the Security Account) shall be invested by the Security Trustee pursuant to written instructions of GFC (or, if a Material Default or Event of Default shall have occurred and be continuing, the Instructing Group) in Permitted Investments.
Sample 1
Investment of Amounts. To the extent there are --------------------- uninvested amounts in the Collection Account or the Certificate Account prior to 11:00 a.m. New York City time of any Business Day, the Trustee shall, at the written direction of the Master Servicer, invest such amounts in Eligible Investments. All such investments shall be made in the name of the Trustee. The maturity of such investments shall be no later than the day preceding the next Distribution Date; provided, that the funds will be available for -------- distribution on such Distribution Date pursuant to this Agreement. The choice of Eligible Investments shall be determined by the Master Servicer; provided, -------- that if the Master Servicer does not notify the Trustee of any such choice, the Trustee shall not invest such funds. The Master Servicer shall be entitled to any income on such investments and shall be liable for any losses thereon and shall deposit the amount of losses immediately upon realization without any right of
Sample 1
AutoNDA by SimpleDocs
Investment of Amounts. To the extent there are --------------------- uninvested amounts in the Collection Account or the Certificate Account prior to 11:00 a.m. New York City time of any Business Day, the Trustee shall, at the written direction of the Servicer, invest such amounts in Eligible Investments. All such investments shall be made in the name of the Trustee. The maturity of such investments shall be no later than the day preceding the next Distribution Date; provided, that the funds will be available for distribution on such -------- Distribution Date pursuant to this Agreement. The choice of Eligible Investments shall be determined by the Servicer; provided, that if the Servicer -------- does not notify the Trustee of any such choice, the Trustee may invest such funds, without any liability for losses thereon, in investments within the meaning of clause (e) of the definition of "Eligible Investment" that are administered through an affiliate of the Trustee. The Servicer shall be entitled to any income on such investments and shall be liable for any losses thereon and shall deposit the amount of losses immediately upon realization without any right of reimbursement. The Trustee shall, on the fifth Business Day of the month following each Distribution Date, remit by wire transfer to the Servicer the net investment income earned with respect to the Collection Account.
Sample 1

Related to Investment of Amounts

  • Payment of Amounts Due In the event of termination of this Agreement, each Party shall pay to the other Party all amounts due and owing pursuant to this Agreement prior to the effective date of termination.

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto;

  • Investment of Cash In connection with this Agreement, Customer may issue standing Instructions to invest Cash in one or more sweep investment vehicles. Such investment vehicles may be offered by a BNY Mellon Affiliate or by a client of BNY Mellon, and BNY Mellon may receive compensation therefrom. By making investment vehicles available, BNY Mellon and its Affiliates will not be deemed to have recommended, endorsed or guaranteed any such investment vehicle in any way or otherwise to have acted as a fiduciary or agent for, or on behalf of, Customer, its investment manager or any Account. BNY Mellon will have no liability for any loss incurred on any such investments. Customer understands that Cash may be uninvested if it is received or reconciled to an Account after the applicable deadline to be swept into Customer’s selected investment vehicle.

  • Payments; Application of Payments; Debit of Accounts (a) All payments to be made by Borrower under any Loan Document shall be made in immediately available funds in Dollars, without setoff or counterclaim, before 12:00 p.m. Pacific time on the date when due. Payments of principal and/or interest received after 12:00 p.m. Pacific time are considered received at the opening of business on the next Business Day. When a payment is due on a day that is not a Business Day, the payment shall be due the next Business Day, and additional fees or interest, as applicable, shall continue to accrue until paid.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!