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

Investment of Funds in Transaction Accounts. On any day when funds on deposit in any Transaction Account exceed $10,000 (after giving effect to the allocations of such funds required by this Article IV and the various Supplements), and at such other times as investment is practicable, Trustee, at the direction of Servicer, shall invest and reinvest monies on deposit in such Transaction Account (in the name of Trustee) in such Eligible Investments as are specified in a notice from Servicer, subject to the restrictions set forth hereinafter. All Eligible Investments made from funds in any Transaction Account, and the interest, dividends and income received thereon and therefrom and the net proceeds realized on the sale thereof, shall be deposited in such Transaction Account. All Eligible Investments in each Transaction Account shall mature not later than the next succeeding Distribution Date (or such other date or dates as may be specified in the applicable Supplement). Trustee may liquidate an Eligible Investment prior to maturity if such liquidation would not result in a loss of all or part of the principal portion of such Eligible Investment or if, prior to the maturity of such Eligible Investment, a default occurs in the payment of principal, interest or any other amount with respect to such Eligible Investment. In the absence of negligence of Trustee or willful misconduct by Trustee, Trustee shall have no liability in connection with investment losses incurred on Eligible Investments. It is intended for income tax purposes that the income earned through investment of funds in the Transaction Accounts shall be treated as income of Transferor.

Investment of Funds in Transaction Accounts. On any day when there are any funds on deposit in any Transaction Account exceed $10,000 (after giving effect to the allocations of such funds required by this Article IV and the various SupplementsARTICLE IV), and at such other times as investment is practicable, Trustee, at the direction of Servicer, Issuer (or Servicer on its behalf) shall invest and reinvest monies on deposit in such Transaction Account (in the name of Trustee) in such Eligible Investments as are specified in a notice from Servicer, subject to the restrictions set forth hereinafter; PROVIDED HOWEVER, that whenever an Event of Default shall be existing, such investments shall be made by the Trustee at the direction of Servicer. All Eligible Investments made from funds in any Transaction Account, and the interest, dividends and income received thereon and therefrom and the net proceeds realized on the sale thereof, shall be deposited in such Transaction Account. All Eligible Investments in each Transaction Account shall mature not later than the next succeeding Distribution Date (or such other date or dates as may be specified in the applicable Supplement). Trustee may liquidate an Eligible Investment prior to maturity if such liquidation would not result in a loss of all or part of the principal portion of such Eligible Investment or if, prior to the maturity of such Eligible Investment, a default occurs in the payment of principal, interest or any other amount with respect to such Eligible Investment. In the absence of negligence of Trustee or willful misconduct by Trustee, Trustee shall have no liability in connection with investment losses incurred on Eligible Investments. It is intended for income tax purposes that the income earned through investment of funds in the Transaction Accounts shall be treated as income of TransferorIssuer.

Investment of Funds in Transaction Accounts. On any day when there are any funds on deposit in any Transaction Account exceed $10,000 (after giving effect to the allocations of such funds required by this Article IV and the various SupplementsSupplements and PI Agreements), and at such other times as investment is practicable, Trustee, at the direction of Servicer, Transferor (or Servicer on its behalf) shall invest and reinvest monies on deposit in such Transaction Account (in the name of Trustee) in such Eligible Investments as are specified in a notice from Servicer, subject to the restrictions set forth hereinafter; provided however, that whenever an Early Amortization Event shall be existing, such investments shall be made at the direction of Servicer. All Eligible Investments made from funds in any Transaction Account, and the interest, dividends and income received thereon and therefrom and the net proceeds realized on the sale thereof, shall be deposited in such Transaction Account. All Eligible Investments in each Transaction Account shall mature not later than the next succeeding Distribution Date (or such other date or dates as may be specified in the applicable Supplement). Trustee may liquidate an Eligible Investment prior to maturity if such liquidation would not result in a loss of all or part of the principal portion of such Eligible Investment or if, prior to the maturity of such Eligible Investment, a default occurs in the payment of principal, interest or any other amount with respect to such Eligible Investment. In the absence of negligence of Trustee or willful misconduct by Trustee, Trustee shall have no liability in connection with investment losses incurred on Eligible Investments. It is intended for income tax purposes that the income earned through investment of funds in the Transaction Accounts shall be treated as income of Transferor.