Investment of Funds in the Collection Account. The Servicer may direct any depository institution which holds the Collection Account to invest the funds in the Collection Account in one or more Permitted Investments bearing interest. All such Permitted Investments shall be held to maturity, unless payable on demand. In the event amounts on deposit in the Collection Account are at any time invested in a Permitted Investment payable on demand, the Servicer shall:
Appears in 36 contracts
Samples: Servicing Agreement (GSR Mortgage Loan Trust 2007-3f), Pooling and Servicing Agreement (Sequoia Mortgage Trust 2007-2), Servicing Agreement (GSR Mortgage Loan Trust 2006-9f)
Investment of Funds in the Collection Account. The Servicer may direct any depository institution which holds the a Collection Account to invest the funds in the Collection Account in one or more Permitted Investments bearing interest. All such Permitted Investments shall be held to maturity, unless payable on demand. In the event amounts on deposit in the Collection Account are at any time invested in a Permitted Investment payable on demand, the Servicer shall:
Appears in 25 contracts
Samples: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-3), Servicing Agreement (Structured Asset Securities Corp Mor Pas THR Cer Se 2002-1a), Servicing Agreement (Structured Asset Securities Corp 2004-18h)
Investment of Funds in the Collection Account. The Servicer may direct any depository institution which holds the Collection Account to invest the funds in the Collection Account in one or more Permitted Investments bearing interest. Any such Permitted Investment shall be made in the name of the Servicer in trust for the benefit of the Purchaser. All such Permitted Investments shall be held to maturity, unless payable on demand. In the event amounts on deposit in the Collection Account are at any time invested in a Permitted Investment payable on demand, the Servicer shall:
Appears in 8 contracts
Samples: Indemnification and Contribution Agreement (Morgan Stanley Mortgage Loan Trust 2006-15xs), Servicing Agreement (Sunset Financial Resources Inc), Indemnification and Contribution Agreement (Morgan Stanley Mortgage Loan Trust 2006-2)
