Common use of INVESTMENT OF IFC PAYMENTS RECEIVED Clause in Contracts

INVESTMENT OF IFC PAYMENTS RECEIVED. Prior to remittance on the applicable Monthly Remittance Date (or, to the extent remittances are required more frequently under the Indenture, prior to each Daily Remittance) the Servicer may invest IFC Payments received at its own risk and for its own benefit, and such investments and, so long as the Servicer complies with its obligations under the immediately preceding section (c), such funds shall not be required to be segregated from the other investment and funds of the Servicer.

Appears in 4 contracts

Samples: Intangible Transition Property Servicing Agreement (Comed Funding LLC), Servicing Agreement (Illinois Power Securitization Limited Liability Co), Transition Property Servicing Agreement (Illinois Power Securitization Limited Liability Co)

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