Investment of Collateral. Lending Agent shall invest cash Collateral received in respect of any loan, subject to an obligation, upon the termination of the loan, to return to the Borrower the amount of cash initially pledged (as adjusted for any interim marks-to-market).
Investment of Collateral. All monies held by the Mortgagee hereunder as Collateral shall be invested and reinvested by the Mortgagee at the direction of the Company in one or more Eligible Investments. The Mortgagee shall not in any way be held liable by reason of any insufficiency of such invested Collateral resulting from any loss on any Eligible Investment included therein. All interest earned on such Eligible Investments shall be held by the Mortgagee as Collateral hereunder and shall be invested and reinvested pursuant to this §4.5.
Investment of Collateral. So long as the Bank has not given the ------------------------ Bailee notice that an Event of Default under the Loan Agreement has occurred and is continuing (a "Default Notice"), the Borrower shall have the right, and the Bank hereby grants the Borrower a license, either directly or through a person designated by the Borrower, provided that written notice of the identity of such designee has been given to the Bank and the Bailee, to invest, reinvest, withdraw and substitute all cash, securities, proceeds and other Collateral maintained from time to time in the Custodian Account, provided, however, that except as otherwise permitted by Section 2.7(a), the right to withdraw cash or securities may be exercised only in connection with the withdrawal of Excess Amounts under Section 2.7(a) or the purchase and sale of securities and the substitution of such sold securities with cash or other purchased securities of equal value that are to be maintained in such Custodian Account. Upon the Bailee's receipt of the Default Notice, the right and license granted to the Borrower hereunder shall be automatically revoked without further notice and the Bailee shall accept and act upon the instructions of only the Bank for the purpose of investing, reinvesting, withdrawing and substituting the Collateral and the Bank shall have sole and absolute discretion with respect to such investing and reinvesting.
Investment of Collateral. (a) The assets held in the Reinsurance Security Account from time to time (the “Collateral”) shall consist of Eligible Assets.
(b) The Reinsurer shall appoint either a third-party investment manager or a Citigroup Inc. affiliate to manage the assets held in the Reinsurance Security Account, pursuant to an investment management agreement in a form acceptable to the Ceding Company. The Reinsurer shall be responsible for all fees arising from the services provided by such third-party investment manager or Citigroup Inc. affiliate.
Investment of Collateral. Non-cash collateral received by the Management Company may not be sold, invested or encumbered. Cash collateral received by the Management Company may only be:
Investment of Collateral. Cash held in the Account shall be invested pursuant to the terms in the Institutional Custody Agreement between Pledgor and Securities Intermediary dated January 7, 2022 (the “ICA”), provided, however, that Pledgor shall ensure that any such investment qualifies as acceptable collateral under Rule 15c3-3(b)(3)(iii)(A) under the U.S. Securities Exchange Act of 1934 if the investment is made by Pledgor, and not at the direction of Secured Party.
Investment of Collateral. (a) The Custodian shall invest all moneys on deposit from time to time (including moneys on deposit upon the sale or maturity of securities) in the Collateral Account so long as no Event of Default or Default shall have occurred and be continuing, at the direction of the Pledgor, in Pledged Property having an equal or greater Collateral Value than the sold or matured security. Such investments, together with any interest or other earnings resulting from such investments, shall be maintained in the Collateral Account and shall be reinvested as provided in this paragraph. The Custodian shall collect so much of the moneys payable on account of interest as it is able to collect in the ordinary course and shall hold such interest in the Collateral Account, provided that in no event shall the provisions hereof impose on the Custodian the obligation to institute any collection proceedings, judicial or otherwise, in respect of investments comprising the Collateral. Neither the Custodian nor the Pledgee shall be liable or responsible for any loss resulting from any such investments, except for any such loss resulting from the gross negligence or willful misconduct of such person.
Investment of Collateral. Section 15.2 of Article XV is hereby deleted in its entirety and replaced with the following:
Investment of Collateral. (a) The assets held in the Reinsurance Security Account from time to time (the “Collateral”) shall consist of Eligible Assets.
(b) The Reinsurer shall appoint either a third-party investment manager or a Munich Re affiliate to manage the assets held in the Reinsurance Security Account, pursuant to an investment management agreement in a form acceptable to the Ceding Company. The Reinsurer shall be responsible for all fees arising from the services provided by such third-party investment manager or Munich Re affiliate. 210563.00020/94120890.2 721693607
Investment of Collateral. 7.1 Intermediary shall accept the Collateral and shall hold such Collateral in the Account. All amounts so deposited and any interest on, and any securities, dividends, distributions, earnings and other property and payments or proceeds in respect of, any such deposits or invested amounts, less any amounts released pursuant to the terms of this Agreement, shall constitute the Collateral. Intermediary shall invest any portion of the Collateral that is cash in any Eligible Investments and dispose of any Eligible Investments for cash, as may be directed by Pxxxxxx in writing from time to time and consented to in writing by Collateral Agent. If Intermediary does not receive such written direction from Pledgor countersigned by Collateral Agent, the Collateral that constitutes cash shall remain uninvested, in cash, and no disposal of any Eligible Investments shall occur (as the case may be).
7.2 Intermediary shall be entitled to payment from Pledgor for customary fees and expenses for all services rendered by it hereunder as separately agreed to in writing between Pledgor and Intermediary (as such fees may be adjusted from time to time). Annual fees are due annually in advance for each year or any part thereof. Pledgor shall reimburse Intermediary on demand for all loss, liability, damage, disbursements, advances or reasonable expenses paid or incurred by it in the administration of its duties hereunder, including, but not limited to, all outside counsel, advisors’ and agents’ fees and disbursements and all taxes or other governmental charges relating to the Collateral incurred in connection herewith.
