Common use of Investment of Funds in the Collection Account Clause in Contracts

Investment of Funds in the Collection Account. The Seller may direct any depository institution maintaining the Custodial Account to invest the funds on deposit in such account, (each such account, for the purposes of this Subsection 11.33, an “Investment Account”). All investments pursuant to this Subsection 11.33 shall be in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement. All such Permitted Investments shall be held to maturity, unless payable on demand. All income and gain realized from the investment of funds deposited in the Custodial Account shall be for the benefit of the Servicer and shall be subject to its withdrawal in accordance with Subsection 11.04. The Servicer shall deposit in the Custodial Account the amount of any loss incurred in respect of any such Permitted Investment immediately upon realization of such loss.