Investment of Funds Deposited in Collateral Account. The Collateral Agent may, but is under no obligation to, invest and reinvest moneys on deposit in the Collateral Account at any time in Permitted Investments. All such investments and the interest and income received thereon and the net proceeds realized on the sale or redemption thereof shall be held in the Collateral Account and constitute Collateral. The Collateral Agent shall not be responsible for any diminution in funds resulting from such investments or any liquidation prior to maturity.
Investment of Funds Deposited in Collateral Account. The Corporate Trustee shall invest and reinvest moneys on deposit in the Collateral Account at any time in:
(a) marketable obligations of the United States having a maturity of not more than one year from the date of acquis- tion;
(b) marketable obligations directly and fully guaranteed by the United States having a maturity of not more than one year from the date of acquisition;
(c) bankers' acceptances and certificates of deposit and other interest-bearing obligations issued by any bank organized under the laws of the United States or any state thereof with capital, surplus and undivided profits aggregating at least $500,000,000, in each case having a maturity of not more than one year from the date of acquisition;
(d) repurchase obligations with a term of not more than one day for underlying securities of the types described in clauses (a), (b) and (c) above entered into with any bank meeting the qualifications specified in clause (c) above;
(e) commercial paper rated at least A-2 or the equivalent thereof by Standard & Poor's Ratings Group or at least P-2 or the equivalent thereof by Xxxxx'x Investors Service, Inc. and matur- ing within six months after the date of acquisition; and
(f) shares of open end money market mutual or similar funds which invest exclusively in assets satisfying the re- quirements of clause (a) through (e) above; provided that the (i) aggregate amount invested in obligations of the types described in clauses (c), (d) and (e) above of any one issuer shall not exceed $50,000,000 at any time and (ii) the Borrower may (so long as no Notice of Enforcement shall be in effect) specify the category or categories of investments specified above in which funds on deposit in the Asset Sale Proceeds Sub-Account shall be invested and may specify the maturities (not in any event longer than the maturities specified above) of such investments; provided that the Borrower or the Corporate Trustee, as applicable, shall, to the extent that the timing of distributions to be made from the Collateral Account is known or can be reasonably anticipated, select investments for amounts equal to such distributions that mature prior to the anticipated dates of such distributions. All such investments of funds in any Sub-Account, the interest and income received thereon and the net proceeds realized on the sale or redemption thereof shall be held in such Sub-Account as part of the Trust Estate.
Investment of Funds Deposited in Collateral Account. The Trustee shall, in accordance with Requisite Instructions delivered to the Trustee, invest and reinvest moneys on deposit in the Collateral Account at any time in Cash Equivalent Investments. All such investments and the interest and income received thereon and the net proceeds realized on the sale or redemption thereof shall be held in the Collateral Account as part of the Trust Estate. The Trustee shall not be responsible for any diminution in funds resulting from such investments. In the absence of any Requisite Instructions, the Trustee shall have no obligation to invest or reinvest moneys.
Investment of Funds Deposited in Collateral Account. (a) The Collateral Trustee shall invest and reinvest moneys on deposit in the Collateral Account at any time in Cash Equivalents as directed in writing by Satmex so long as no Enforcement Period is in effect. All such investments of funds in the Collateral Account, including any Sub-Account, the interest and income received thereon and the net proceeds realized on the sale or redemption thereof shall be held in the Collateral Account or such Sub-Account as part of the Trust Estate.
(b) The Collateral Trustee shall have no obligation to invest or reinvest the amounts deposited in the Collateral Account if deposited with the Collateral Trustee after 11:00 a.m., New York time, on such day of deposit other than specified in clause (c) hereinabove. Instructions received after 11:00 a.m., New York time, will be treated as if received on the following Business Day. Any proceeds, payments, income or other gain from investments in Cash Equivalents made in respect of funds in or credited to the Collateral Account, as outlined in subsection (a) above, shall be credited to the Collateral Account. Satmex shall be liable for any loss incurred on funds invested in any Cash Equivalents directed by it. The Collateral Trustee shall not be liable for any loss incurred on any funds invested or reinvested in Cash Equivalents pursuant to the provisions of this Section. In no event shall the Collateral Trustee be liable for the selection of investments or for losses incurred as a result of the liquidation of any investment prior to its stated maturity or for the failure of any appropriate Person to provide timely written investment direction. Any interest or other income received on such investment and reinvestment of amounts in the Collateral Account shall become part of the Collateral Account and any losses incured on such investment and reinvestment of the amounts in the Collateral Account shall be debited against the amounts in the Collateral Account. It is agreed and understood that the Collateral Trustee may earn fees associated with the Cash Equivalents in accordance with the terms of the Cash Equivalents. In no event shall the Collateral Trustee be deemed an investment manager or adviser in respect of any selection of Cash Equivalents hereunder. It is understood and agreed that the Collateral Trustee or its affiliates are permitted to receive additional compensation that could be deemed to be in the Collateral Trustee’s economic self-interest for (1) serving as investmen...
Investment of Funds Deposited in Collateral Account. Except as otherwise provided in Section 5.2(b), the Collateral Agent shall invest and reinvest moneys on deposit in the Collateral Account at any time in Cash Equivalents but only in accordance with the written instructions of the Applicable Representative specifying the particular investment. In the absence of the receipt of any such instructions, the moneys on deposit in the Collateral Account shall not be invested. All such investments and the interest and income received thereon and therefrom and the net proceeds realized on the sale thereof shall be held in the Collateral Account as part of the Secured Debt Collateral.
Investment of Funds Deposited in Collateral Account. At the written direction of the Applicable Authorized Representative, the Collateral Agent shall invest and reinvest moneys on deposit in the Collateral Account at any time in money market funds investing in Permitted Investments (with the particular fund to be specified in writing by the Applicable Authorized Representative). All such investments and the interest and income received thereon and therefrom and the net proceeds realized on the sale thereof shall be held in the Collateral Account, as applicable, as part of the Trust Estate. In the absence of the written investment direction of the Applicable Authorized Representative, all moneys on deposit in the Collateral Account shall remain uninvested and the Collateral Agent shall have no obligation for interest thereon.
Investment of Funds Deposited in Collateral Account. The Collateral Agent shall use reasonable efforts to invest and reinvest moneys on deposit in the Collateral Account at any time in:
Investment of Funds Deposited in Collateral Account. The Collateral Trustee shall, at the direction of the Directing Parties or, if no Notice of Acceleration is in effect, the Company, invest and reinvest moneys on deposit in the Collateral Account at any time in Cash Equivalents. All such investments and the interest and income received thereon and the net proceeds realized on the sale or redemption thereof shall be held in the Collateral Account as part of the Trust Estate. Neither the Collateral Trustee nor any other Secured Party shall be responsible for (i) determining whether investments are permitted pursuant to the terms of this Section 3.3 or (ii) any diminution in funds resulting from such investments or any liquidation prior to maturity. In the absence of such directions, the Collateral Trustee shall have no obligation to invest or reinvest moneys.
Investment of Funds Deposited in Collateral Account. The Collateral Agent may, at the request of the Company, invest and reinvest moneys on deposit in the Collateral Account at any time in Permitted Investments; provided that the Collateral Agent, in its sole discretion, may (a) restrict such investments and reinvestments to Permitted Investments that have a shorter duration and higher credit quality than other Permitted Investments and (b) decline to invest or reinvest any amount that it expects to distribute from the Collateral Account within one Business Day. All such investments and the interest and income received thereon and the net proceeds realized on the sale or redemption thereof shall be held in the Collateral Account as part of the Collateral Estate. The Collateral Agent shall not be responsible for any diminution in funds resulting from such investments or any liquidation prior to maturity.
Investment of Funds Deposited in Collateral Account. The Collateral Agent shall invest and reinvest, but only in accordance with the instructions of the Required Lender Representative specifying the particular investment, moneys on deposit in the Collateral Account at any time in any of the following investments:
(i) securities issued or directly and fully guaranteed or insured by the United States of America or any agency or instrumentality thereof (provided that the full faith and credit of the United States of America is pledged in full support thereof) having maturities of not more than six months from the date of acquisition;
(ii) dollar denominated domestic and eurodollar time deposits, certificates of deposit and bankers acceptances of (x) any Lender or (y) any Approved Bank, in any such case with maturities of not more than six months from the date of acquisition;
(iii) commercial paper issued by any Approved Bank or by the parent company of any Approved Bank and commercial paper issued by, or guaranteed by, any industrial or financial company which at the time of acquisition has an unsecured non-credit supported short-term commercial paper rating of at least A-1 or the equivalent by Standard & Poor's or at least P-1 or the equivalent by Moody's, or guaranteed by any industrial or financial company xxxx x long term unsecured non-credit supported senior debt rating of at least A or A-2, or the equivalent, by Standard & Poor's or Moody's, as the case may be, and in each case maturing within xxx xxxths after the date of acquisition; or
(iv) any money market fund as may be selected by the Required Lender Representative, having a rating in the highest investment category granted thereby by a recognized credit rating agency at the time of acquisition, including any fund for which the Collateral Agent or an Affiliate of the Collateral Agent serves as an investment advisor, administrator, shareholder serving agent, custodian or sub-custodian, notwithstanding that (A) the Collateral Agent or an Affiliate of the Collateral Agent charges and collects fees and expenses from such funds for services rendered (provided that such charges, fees and expenses are on terms consistent with terms negotiated at arm's-length) and (B) the Collateral Agent charges and collects fees and expenses for services rendered, pursuant to this Agreement; PROVIDED, HOWEVER, that in order to provide the Collateral Agent with a perfected security interest therein, each Grantor shall take such steps as shall be required by the Required Len...
