Common use of Investment of Balance in Collateral Account Clause in Contracts

Investment of Balance in Collateral Account. The cash balance standing to the credit of the Collateral Account shall be invested from time to time as the respective Obligor through KCMH or, after the occurrence and during the continuance of an Event of Default, the Administrative Agent shall determine which investments shall be held in the name and be under the control of the Administrative Agent (and credited to the Collateral Account); provided that at any time after the occurrence and during the continuance of an Event of Default, the Administrative Agent may (and, if instructed by the Lenders as provided in the Credit Agreement, shall) in its (or their) discretion at any time and from time to time elect to liquidate any such investments and to apply or cause to be applied the proceeds thereof to the payment of the Secured Obligations then due and payable in the manner specified in Section 6.08.

Investment of Balance in Collateral Account. The cash balance standing to the credit of Amounts on deposit in the Collateral Account shall be invested from time to time in such Permitted Investments as the respective Obligor through KCMH the Borrower (or, after the occurrence and during the continuance of an Event of a Default, the Administrative Agent Agent) shall determine determine, which investments Permitted Investments shall be held in the name and be under the control of the Administrative Agent (and credited to the Collateral Account); Agent, provided that at any time after the occurrence and during the continuance of an Event of Default, the Administrative Agent may (and, if instructed by the Lenders as provided specified in the Credit Agreement, shall) in its (or their) discretion at any time and from time to time elect to liquidate any such investments Permitted Investments and to apply or cause to be applied the proceeds thereof to the payment of the Secured Obligations then due and payable in the manner specified in Section 6.085.08 hereof.

Investment of Balance in Collateral Account. The cash balance standing to the credit of Amounts on deposit in the Collateral Account shall be invested from time to time in such Permitted Investments as the respective Obligor through KCMH Securing Party (or, after the occurrence and during the continuance of an Event of Default, the Administrative Agent Agent) shall determine determine, which investments Permitted Investments shall be held in the name and be under the control of the Administrative Agent (and credited to the Collateral Account); Agent, provided that at any time after the occurrence and during the continuance of an Event of Default, the Administrative Agent may (and, if instructed by the Lenders as provided specified in Section 11.03 of the Credit Agreement, shall) in its (or their) discretion at any time and from time to time elect to liquidate any such investments Permitted Investments and to apply or cause to be applied the proceeds thereof to the payment of the Secured Obligations then due and payable in the manner specified in Section 6.085.09 hereof.

Investment of Balance in Collateral Account. The cash balance standing to the credit of Amounts on deposit in the Collateral Account shall be invested from time to time in such Permitted Investments as the respective Obligor Grantor through KCMH the Borrower (or, after the occurrence and during the continuance of an Event of Default, the Administrative Agent Collateral Agent) shall determine determine, which investments Permitted Investments shall be held in the name and be under the control of the Administrative Agent (and credited to the Collateral Account); provided Agent, provided, that at any time after the occurrence and during the continuance of an Event of Default, the Administrative Collateral Agent may (and, if instructed by the Lenders as provided in the Credit AgreementRequired Lenders, shall) in its (or their) discretion at any time and from time to time elect to liquidate any such investments Permitted Investments and to apply or cause to be applied the proceeds thereof to the payment of the Secured Obligations then due and payable in the manner specified in Section 6.085.09.