Investment of Cash Proceeds. Prior to the application of the proceeds of the Security Property in accordance with Clause 16.1 (Order of application) the Security Agent may, in its discretion, hold all or part of any Cash Proceeds in one or more interest bearing suspense or impersonal accounts in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest being credited to the relevant account) pending the application from time to time of those monies in the Security Agent's discretion in accordance with the provisions of this Clause 16.

Investment of Cash Proceeds. Prior to the application of the proceeds of the Security Property in accordance with Clause 19.1 (Order of application) the Common Security Agent may, in its discretion, hold all or part of any cash proceeds in one or more interest bearing suspense or impersonal accounts in the name of the Common Security Agent with such financial institution (including itself) and for so long as the Common Security Agent shall think fit (the interest being credited to the relevant account) pending the application from time to time of those monies in the Common Security Agent’s discretion in accordance with the provisions of this Clause 19.

Investment of Cash Proceeds. Prior to the application of the proceeds of the Security Property in accordance with Clause 12.1 (Order of application) the Collateral Agent may, in its discretion, hold all or part of any Cash Proceeds in one or more interest bearing suspense or impersonal accounts in the name of the Collateral Agent with such financial institution (including itself) and for so long as the Collateral Agent shall think fit (the interest being credited to the relevant account) pending the application from time to time of those monies in the Collateral Agent’s discretion in accordance with the provisions of this Clause 12.

Investment of Cash Proceeds. Prior to the application of the proceeds of the Security Property in accordance with Clause

Investment of Cash Proceeds. Prior to the application of the proceeds of the Security Property in accordance with Clause 17.1 (Order of application) the Security Agent may, in its discretion, hold all or part of any Cash Proceeds in one or more suspense or impersonal account(s) in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (the interest, if any, accruing on any such account being credited to such account) pending the application from time to time of such proceeds and/or the monies in such account(s) in the Security Agent’s discretion in accordance with the provisions of this Clause 17.

Investment of Cash Proceeds. Prior to the application of any Recoveries in accordance with clause 36.1 (Order of Application) the Security Agent may, in its discretion, hold: (a) all or part of any Recoveries which are in the form of cash; and (b) any cash which is generated by holding, managing, exploiting, collecting, realising or disposing of any proceeds of the Security Property which are not in the form of cash, in one or more interest bearing suspense or impersonal accounts in the name of the Security Agent with such financial institution (including itself) and for so long as the Security Agent shall think fit (without being under any duty to diversify the same and the relevant Security Agent shall not be responsible for any loss due to interest rate or exchange rate fluctuations and shall not be liable to account for an amount of interest greater than the standard amount that would be payable to an independent customer, the interest being credited to the relevant account) pending the application from time to time of those moneys in the Security Agent’s discretion in accordance with the provisions of this clause 36.

Investment of Cash Proceeds. Prior to the application of the proceeds in accordance with Clause 32.5 (Partial Payments), the Agent may, in its discretion, hold all or part of those proceeds in a suspense or impersonal account(s) in the name of the Agent with such financial institution (including itself) and for so long as the Agent shall think fit (the interest being credited to the relevant account) pending the application from time to time of those monies in the Agent’s discretion in accordance with the provisions of Clause 32.5 (Partial Payments) and Clause 32.7 (Permitted Deductions by Agent).

Investment of Cash Proceeds. All cash held by the Escrow Agent pursuant to Sections 504 and 505 hereof shall be invested by the Escrow Agent from time to time in Permitted Investments. Any interest or gain on such Permitted Investments shall be for the sole account of the Company and shall be paid over to the Company by the Escrow Agent on demand by the Company. Any loss on such Permitted Investments shall be for the account of the Company. The Company shall have the option either to furnish to the Escrow Agent all moneys payable to Holders upon any exchange of Debentures or to require the Escrow Agent to sell securities constituting Permitted Investments in an amount necessary to permit the Escrow Agent to make such payments.

Investment of Cash Proceeds. Prior to the application of the proceeds of the Security Property in accordance with Clause 19.1 (Order of Application) the Security SPV may, in its discretion, hold all or part of any Cash Proceeds in one or more interest bearing suspense or impersonal accounts in the name of the Security SPV with such financial institution (including itself) and for so long as the Security SPV shall think fit (the interest being credited to the relevant account) pending the application from time to time of those monies in the Security SPV’s discretion in accordance with the provisions of this Clause 19, but without prejudice to the Security SPV’s obligation to distribute such Cash Proceeds in accordance with Clause 19.1 (Order of Application).

Investment of Cash Proceeds Sample Clauses

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