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.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2006-D), Pooling and Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2006-C), Pooling and Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2006-A)
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 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 Trustee shall be entitled to any income or gain realized on such investments.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bayview Financial Mortage Pass-Through Trust 2005-D)
