Common use of Investment of Funds in the Investment Accounts Clause in Contracts

Investment of Funds in the Investment Accounts. (a) The Master Servicer may direct, by means of written directions (which may be standing directions), any depository institution maintaining the Interest Coverage Account, the Pre-Funding Account or the Collection Account (for purposes of this Section 3.12, an "Investment Account"), to invest the funds in such Investment Account in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trustee is the obligor thereon, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trustee is the obligor thereon. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trustee (in its capacity as such) or in the name of a nominee of the Trustee. The Trustee shall be entitled to sole possession over each such investment and the income thereon, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trustee or its nominee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trustee shall at the direction of the Master Servicer:

Investment of Funds in the Investment Accounts. (a) The Master Servicer may direct, by means of written directions (which may be standing directions), any depository institution maintaining the Interest Coverage Account, the Pre-Funding Account or the Collection Account and the Trustee may direct, by means of written directions (which may be standing directions), any depository institution maintaining the Distribution Account (each, for purposes of this Section 3.12, an "Investment Account"), to invest the funds in such Investment Account in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, (i) 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, if a Person other than the Trustee is the obligor thereon, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trustee is the obligor thereon. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trustee (in its capacity as such) or in the name of a nominee of the Trustee. The Trustee shall be entitled to sole possession over each such investment and the income thereon, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trustee or its nominee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trustee shall shall, and at the direction of the Master ServicerServicer in the case of the Collection Account:

Investment of Funds in the Investment Accounts. (a) The Master Servicer may direct, by means of written directions (which may be standing directions), any depository institution maintaining the Interest Coverage Account, Collection Account to invest the Pre-Funding Account or funds in the Collection Account (for purposes of this Section 3.12, an "“Investment Account"), to invest the funds in such Investment Account ”) in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, (i) 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, if a Person other than the Trustee is the obligor thereon, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trustee is the obligor thereon. Amounts in the Distribution Account may be held uninvested. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trustee (in its capacity as such) or in the name of a nominee of the Trustee. The Trustee shall be entitled to sole possession over each such investment and (except with respect to investment direction of funds held in the Collection Account) and, subject to subsection (b) below, the income thereon, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trustee or its nominee. In the event amounts on deposit in an Investment the Collection Account are at any time invested in a Permitted Investment payable on demand, the Trustee shall at the direction of the Master Servicerparty with investment discretion over such Investment Account shall:

Investment of Funds in the Investment Accounts. (a) The Master Servicer may direct, by means of written directions (which may be standing directions), any depository institution maintaining the Interest Coverage Account, Collection Account to invest the Pre-Funding Account or funds in the Collection Account (for purposes of this Section 3.123.10, an "Investment Account"), to invest the funds in such Investment Account ) in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, (i) 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, if a Person other than the Trustee is the obligor thereon, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trustee is the obligor thereon. Amounts in the Distribution Account may be invested in Permitted Investments as directed in writing by the Master Servicer. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trustee (in its capacity as such) or in the name of a nominee of the Trustee. The Trustee shall be entitled to sole possession over each such investment and and, subject to subsection (b) below, the income thereon, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trustee or its nominee. In the event amounts on deposit in an Investment the Collection Account are at any time invested in a Permitted Investment payable on demand, the Trustee shall at the direction of the Master Servicerparty with investment discretion over such Investment Account shall: