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 any Recoveries in accordance with clause 36.1 (Order of Application) the Security Agent may, in its discretion, hold:
Investment of Cash Proceeds. Prior to the application of the proceeds of the Security Property in accordance with Clause 16.1 (Order of application – Shared Transaction Security) or 16.3 (
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. If any cash proceeds are deposited with the Escrow Agent pursuant to a Sale, the cash proceeds shall be invested by the Escrow Agent on instructions from the Selling Shareholder in U.S. government obligations, certificates of deposit or deposit accounts of any commercial bank and in any investment grade bond of any U.S. corporation and/or a Federated Investors money market mutual fund or other comparable money market mutual funds. Any income earned on such investments shall be distributed by the Escrow Agent quarterly to the Selling Shareholder.
Investment of Cash Proceeds. The Security Agent shall have no obligation to invest or reinvest any cash held by the Security Agent pursuant to this Agreement or any other Finance Document. For such time as GLAS Trust Corporation Limited is the Security Agent it shall not invest or reinvest any cash held by it pursuant to this Agreement, but this shall not prevent it from depositing sums into an interest bearing suspense account.
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. 66 Prior to the application of the proceeds of the Security Property in accordance with Clause 16.1 (Order of application) the Senior Security Agent (or, following the Senior Discharge Date, the Second Lien 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 Senior Security Agent (or, following the Senior Discharge Date, the Second Lien Security Agent) with such financial institution (including itself) and for so long as the Senior Security Agent (or, following the Senior Discharge Date, the Second Lien 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 Senior Security Agent’s (or, following the Senior Discharge Date, the Second Lien Security Agent’s) discretion in accordance with the provisions of this Clause 16.
