Common use of Investment of Funds Deposited in Collateral Account Clause in Contracts

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.

Appears in 6 contracts

Samples: Shared Services Agreement (DEX ONE Corp), Shared Services Agreement (DEX ONE Corp), Shared Services Agreement (DEX ONE Corp)

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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 Collateralas 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.

Appears in 4 contracts

Samples: Collateral Sharing Agreement (Lucent Technologies Inc), Collateral Sharing Agreement (Lucent Technologies Inc), Collateral Sharing Agreement (Lucent Technologies Inc)

Investment of Funds Deposited in Collateral Account. The Collateral Agent may, but is under no obligation to, shall invest and reinvest moneys on deposit in the Collateral Account at any time in Permitted InvestmentsCash Equivalents as directed in writing by the relevant Grantor. In the absence of such directions, moneys shall remain uninvested. 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 as part of the Collateral. The Collateral Agent shall not be responsible for any diminution in funds resulting from such investments or any liquidation prior to maturity.

Appears in 4 contracts

Samples: Intercreditor Agreement (EM Holdings LLC), Intercreditor Agreement (Edgen Group Inc.), Intercreditor Agreement (Edgen Murray II, L.P.)

Investment of Funds Deposited in Collateral Account. The Collateral Agent mayshall, but is under no obligation toin accordance with Requisite Instructions delivered to the Collateral Agent, invest and reinvest moneys on deposit in the Collateral Account at any time in Permitted InvestmentsCash 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 and constitute Collateralas part of the Trust Estate. The Collateral Agent shall not be responsible for any diminution in funds resulting from such investments investments. In the absence of any Requisite Instructions, the Collateral Agent shall have no obligation to invest or any liquidation prior to maturityreinvest moneys.

Appears in 2 contracts

Samples: Collateral Trust Agreement, Collateral Trust Agreement (Advanced Micro Devices Inc)

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 InvestmentsCash 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 and constitute Collateralas 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.

Appears in 2 contracts

Samples: Reimbursement Agreement (SPX Corp), Collateral Agreement (SPX Corp)

Investment of Funds Deposited in Collateral Account. The Collateral Agent may, but is under no obligation to, shall invest and reinvest moneys on deposit in the Collateral Account Accounts at any time in Permitted InvestmentsCash Equivalents. In the absence of such directions, moneys shall remain uninvested. 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 Accounts as part of the Collateral. The Collateral Agent shall not be responsible for any diminution in funds resulting from such investments or any liquidation prior to maturity.

Appears in 1 contract

Samples: Security Agreement (Cellu Tissue Holdings, Inc.)

Investment of Funds Deposited in Collateral Account. The Collateral Agent may, but is under no obligation to, shall invest and reinvest moneys on deposit in the Collateral Account (but shall not bear any risk of loss thereof) 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 as part of the Collateral. The Collateral Agent shall not be responsible for any diminution in funds resulting from such investments or any liquidation prior to maturity.

Appears in 1 contract

Samples: Collateral Agency Agreement (Cogen Technologies Inc)

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Investment of Funds Deposited in Collateral Account. The Collateral Agent may, but is under no obligation to, shall invest and reinvest moneys on deposit in the Collateral Account at any time in Permitted Investmentscash and cash equivalents as directed in writing by the relevant Grantor. In the absence of such directions, moneys shall remain uninvested. 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 as part of the Collateral. The Collateral Agent shall not be responsible for any diminution in funds resulting from such investments or any liquidation prior to maturity.

Appears in 1 contract

Samples: Pledge and Security Agreement (Verenium Corp)

Investment of Funds Deposited in Collateral Account. The Collateral Agent may, but is under no obligation to, shall 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 Collateralas 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.

Appears in 1 contract

Samples: Collateral Sharing Agreement (Crown Cork & Seal Co Inc)

Investment of Funds Deposited in Collateral Account. The Collateral Agent may, but is under no obligation to, shall invest and reinvest moneys on deposit in the Collateral Account Accounts at any time in Permitted InvestmentsCash Equivalents as directed in writing by the relevant Grantor. In the absence of such directions, moneys shall remain uninvested. 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 Accounts as part of the Collateral. The Collateral Agent shall not be responsible for any diminution in funds resulting from such investments or any liquidation prior to maturity.

Appears in 1 contract

Samples: Pledge and Security Agreement (Smithfield Foods Inc)

Investment of Funds Deposited in Collateral Account. The Collateral Agent may, but is under no obligation shall not be required to, invest and reinvest moneys on deposit in the Collateral Account at any time in Permitted InvestmentsCash 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 and constitute as part of the Collateral. The Collateral Agent shall not be responsible for any diminution in funds resulting from such investments or any liquidation prior to maturityinvestments.

Appears in 1 contract

Samples: Collateral Agency and Intercreditor Agreement (FS Energy & Power Fund)

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