Common use of Investment of Money Held by or on behalf of Exchange Trustee Clause in Contracts

Investment of Money Held by or on behalf of Exchange Trustee. (a) Unless otherwise provided in this Agreement, any moneys held by or on behalf of the Exchange Trustee, which under the terms of this Agreement may or ought to be invested or which may be on deposit with the Exchange Trustee or which may be in the hands of the Exchange Trustee, may be invested and reinvested in the name or under the control of the Exchange Trustee, upon the written direction of the Trust, in Authorized Investments.

Appears in 9 contracts

Samples: Share Exchange Agreement (TransCanada Trust), Share Exchange Agreement (TransCanada Trust), Share Exchange Agreement (Transcanada Pipelines LTD)

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