Investment of Amounts in Series Accounts Sample Clauses

Investment of Amounts in Series Accounts. Collections deposited into the Series Accounts for the Series 2023-1 Ownership Interest that are invested shall be invested by the Custodian, upon the direction of the Servicer, in Eligible Investments or, in the case of the Accumulations Account, in accordance with the terms of the Series 2023-1 Supplement (including Section 4.1 thereof), provided that such Eligible Investments will be available at the close of business on or before the Business Day next preceding the date on which payment of such funds from such Series Accounts or the Collection Account is scheduled to be made in respect of the Series 2023-1 Ownership Interest .
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Investment of Amounts in Series Accounts. ‌ Amounts that are on deposit in the Accumulations Account and the Cash Reserve Account for the Series 2023- 2 Ownership Interest from time to time that are invested in Eligible Investments shall only be invested in Eligible Investments that mature on the day immediately preceding the next scheduled Transfer Date. All investment income received by the Series 2023-2 Co-Owner in respect of amounts on deposit in (i) the Accumulations Account, shall be transferred to the Accumulations Account on each Transfer Date and included in the determination of the Ownership Income Requirement of the Series 2023-2 Ownership Interest pursuant to Section 5.1(2), and (ii) the Cash Reserve Account, shall be dealt with in accordance with Section 6.1(6).
Sample 1

Related to Investment of Amounts in Series Accounts

  • Investment of Contributions At the direction of the Designated Beneficiary (or the direction of the Depositor or the Responsible Individual, whichever applies) the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a custodial account investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Designated Beneficiary (or the Depositor or Responsible Individual), and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Designated Beneficiary.

  • Reserve Account (a) On the Closing Date, the Seller shall deposit the Specified Reserve Balance into the Reserve Account. Amounts held from time to time in the Reserve Account shall be held by the Trust Collateral Agent for the benefit of the Noteholders.

  • Reallocation of Funds COUNTY reserves the right to reallocate the available program funds to other service areas based on CONTRACTOR performance or client demand.

  • PJM E-Accounts Buyer and Seller shall work with PJM to establish any PJM E-Accounts necessary for Seller to provide Full Requirements Service. In a timely manner, Xxxxx shall establish PJM E-Account contract(s) for the entire duration of the Transaction(s) and Seller shall confirm the PJM E-Account contract(s) for the entire duration of the Transaction(s).

  • Payment Account (a) On or prior to the Closing Date, the Property Trustee shall establish the Payment Account. The Property Trustee and any agent of the Property Trustee shall have exclusive control and sole right of withdrawal with respect to the Payment Account for the purpose of making deposits in and withdrawals from the Payment Account in accordance with this Trust Agreement. All monies and other property deposited or held from time to time in the Payment Account shall be held by the Property Trustee in the Payment Account for the exclusive benefit of the Securityholders and for distribution as herein provided, including (and subject to) any priority of payments provided for herein.

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