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

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.