Investment of Funds in Management Accounts. The Manager shall have the right to invest and reinvest funds deposited in any Management Account in Eligible Investments. All income or other gain from such Eligible Investments will be credited to the related Management Account, and any loss resulting from such investments will be charged to the related Management Account. The Investment Income (net of losses and expenses) attributable to the amount on deposit in the Management Accounts will be withdrawn on or prior to the Business Day preceding each Quarterly Payment Date for deposit to the Collection Account for application as Collections in respect of such Quarterly Payment Date.
Investment of Funds in Management Accounts. The Manager shall have the right to invest and reinvest funds deposited in any Management Account in Eligible Investments. All income or other gain from such Eligible Investments will be credited to the related Management Account, and any loss resulting from such investments will be charged to the related Management Account.
Investment of Funds in Management Accounts. The Manager shall have the right to invest and reinvest funds deposited in any Management Account established by any Canadian Securitization Entity or the Manager in Eligible Investments maturing no later than the Business Day preceding each Weekly Allocation Date. All income or other gain from such Eligible Investments will be credited to the related Management Account, and any loss resulting from such investments will be charged to the related Management Account and, in each case, to the applicable Canadian Securitization Entity. The Investment Income (net of losses and expenses) available on deposit in such Management Accounts will be withdrawn on, as applicable, each Currency Conversion Opt-Out Weekly Allocation Date or Weekly Calculation Date immediately preceding a Currency Conversion Weekly Allocation Date, in each case, for deposit to the applicable Canadian Collection Account for application as Canadian Collections on such Weekly Allocation Date.
Investment of Funds in Management Accounts. The Manager shall have the right to invest and reinvest funds deposited in any Management Account constituting a “securities account” within the meaning of Section 8-501 of the New York UCC in Eligible Investments maturing no later than the Business Day preceding each Weekly Allocation Date. All income or other gain from such Eligible Investments will be credited to the related Management Account, and any loss resulting from such investments will be charged to the related Management Account. The Investment Income (net of losses and expenses) available on deposit in the Management Accounts will be withdrawn on each Weekly Allocation Date for deposit to the Collection Account for application as Collections on such Weekly Allocation Date.
Investment of Funds in Management Accounts. The Manager shall have the right to invest and reinvest funds deposited in any Management Account established by any Securitization Entity or the Manager in Eligible Investments maturing no later than the Business Day preceding each Weekly Allocation Date. All income or other gain from such Eligible Investments will be credited to the related Management Account, and any loss resulting from such investments will be charged to the related Management Account. The Investment Income (net of losses and expenses) available on deposit in such Management Accounts will be withdrawn on, as applicable, each Currency Conversion Opt-Out Weekly Allocation Date or Weekly Calculation Date immediately preceding a Currency Conversion Weekly Allocation Date, in each case, for deposit to the U.S. Collection Account for application as U.S. Collections on such Weekly Allocation Date.
