Common use of INVESTMENT OF CAPITAL MONIES Clause in Contracts

INVESTMENT OF CAPITAL MONIES. Subject as aforesaid, the Trustees shall invest the net capital monies referred to in Clause 5 hereof upon some or one of the investments hereinafter authorised or place the same upon deposit or in current account in the name of the Trustees with any Scheduled Bank or Banks with power from time to time at their discretion to vary such investments and with power from time to time at their discretion to resort to any such investments for any of the purposes for which such proceeds are under these presents authorised to be expended. And subject as aforesaid the Trustees shall stand possessed of the said investments UPON TRUST until the power of sale shall arise to pay the income thereof and any net monies in the nature of income arising to the Company and after the Power of Sale shall have arisen shall hold the said investments and monies and the income thereof respectively and the net monies in the nature of income UPON AND FOR TRUSTS and purposes hereinbefore expressed concerning the monies to arise from any sale, calling in, collection and conversion made as aforesaid, provided always that in default of such Power of Sale arising and after payment and satisfaction of all monies intended to be secured by these presents the said investment monies and income thereof and net monies as aforesaid shall be held in trust for the Company or its assigns.

INVESTMENT OF CAPITAL MONIES. Subject as aforesaid, the Trustees Debenture Trustee shall invest the net capital monies referred to in Clause 5 6 of Part B hereof upon some or one of the investments hereinafter authorised or place the same upon deposit or in current account in the name of the Trustees Debenture Trustee with any Scheduled Bank or Banks with power from time to time at their discretion to vary such investments and with power from time to time at their discretion to resort to any such investments for any of the purposes for which such proceeds are under these presents authorised to be expended. And subject as aforesaid the Trustees Debenture Trustee shall stand possessed of the said investments UPON TRUST upon trust until the power of sale shall arise to pay the income thereof and any net monies in the nature of income arising to the Company and after the Power of Sale shall have arisen shall hold the said investments and monies and the income thereof respectively and the net monies in the nature of income UPON AND FOR TRUSTS upon and for trusts and purposes hereinbefore expressed concerning the monies to arise from any sale, calling in, collection and conversion made as aforesaid, provided always that in default of such Power of Sale arising and after payment and satisfaction of all monies intended to be secured by these presents the said investment monies and income thereof and net monies as aforesaid shall be held in trust for the Company or its assigns.

INVESTMENT OF CAPITAL MONIES. Subject as aforesaid, the Trustees Debenture Trustee shall invest the net capital monies referred to in Clause 5 hereof upon some or one of the investments hereinafter authorised or place the same upon deposit or in current account in the name of the Trustees Debenture Trustee with any Scheduled Bank or Banks with power from time to time at their discretion to vary such investments and with power from time to time at their discretion to resort to any such investments for any of the purposes for which such proceeds are under these presents authorised to be expended. And subject as aforesaid the Trustees Debenture Trustee shall stand possessed of the said investments UPON TRUST upon trust until the power of sale shall arise to pay the income thereof and any net monies in the nature of income arising to the Company and after the Power of Sale shall have arisen shall hold the said investments and monies and the income thereof respectively and the net monies in the nature of income UPON AND FOR TRUSTS upon and for trusts and purposes hereinbefore expressed concerning the monies to arise from any sale, calling in, collection and conversion made as aforesaid, provided always that in default of such Power of Sale arising and after payment and satisfaction of all monies intended to be secured by these presents the said investment monies and income thereof and net monies as aforesaid shall be held in trust for the Company or its assigns.

INVESTMENT OF CAPITAL MONIES. Subject as aforesaid, the Trustees Trustee shall invest Invest the net capital monies referred to in In Clause 5 12 hereof upon some or one of the investments hereinafter authorised or place the same upon deposit or in current account in the name of the Trustees Trustee with any Scheduled Bank scheduled bank or Banks banks with power from time to time at their discretion to vary such investments and with power from time to time at their discretion to resort to any such investments for any of the purposes for which such proceeds are under these presents authorised to be expended. And subject as aforesaid the Trustees Trustee shall stand sland possessed of the said investments UPON TRUST until the power Power of sale Sale shall arise to pay the income thereof and any net monies in the nature of income arising to the Company and after the Power of Sale shall have arisen shall hold the said investments Investments and monies and the income thereof respectively and the net monies in the nature of income Income UPON AND FOR TRUSTS and purposes hereinbefore expressed concerning the monies to arise from any sale, calling in, collection and conversion made as aforesaid, provided always that in default of such Power of Sale arising and after payment and satisfaction of all monies intended to be secured by these presents the said investment monies and income thereof and net monies as aforesaid shall be held in trust for the Company or its assigns.