Investment of Moneys in Funds and Accounts. The Company and the Authority agree that any moneys held in any fund or account created by the Indenture shall be invested as provided in the Indenture.
Investment of Moneys in Funds and Accounts. All moneys in any of the funds and accounts or subaccounts thereof established pursuant to this Indenture, shall be invested by the Trustee solely in such Eligible Securities as are specified in a Request of the Corporation, provided, however, that, if the Corporation does not file such a Request with the Trustee, the Trustee shall invest to the extent practicable in investments described in clause (7) of the definition of the term “Eligible Securities” in Section 1.01 of this Indenture; provided, however, that any such investment shall be made by the Trustee only if, prior to the date on which such investment is to be made, the Trustee shall have received a Request of the Corporation specifying a specific money market fund and, if no such Request of the Corporation is so received, the Trustee shall hold such moneys uninvested. All interest, profits and other income received from the investment of moneys shall be deposited in the Revenue Fund; provided that interest, profits and other income received from the investment of moneys in each of the Capitalized Interest Account and the Project Fund shall be retained therein. Investments in any and all funds and accounts established pursuant to this Indenture may be commingled for purposes of making, holding and disposing of investments, notwithstanding provisions herein for transfer to or holding in a particular fund amounts received or held by the Trustee hereunder, provided that the Trustee shall at all times account for such investments strictly in accordance with the particular funds to which they are credited and otherwise as provided in this Indenture. The Trustee may act as principal or agent in the making or disposing of any investment. To the extent Eligible Securities are registrable, such investments shall be registered in the name of the Trustee. The Trustee may sell or present for redemption, any securities so purchased whenever it shall be necessary to provide moneys to meet any required payment, transfer, withdrawal or disbursement from the fund or account to which such securities are credited, and the Trustee shall not be liable or responsible for any loss resulting from such investment. The Trustee is hereby authorized, in making or disposing of any investment permitted by this Section, to deal with itself (in its individual capacity) or with any one or more of its affiliates, whether it or such affiliate is acting as an agent of the Trustee or for any third person or dealing as principal for i...
Investment of Moneys in Funds and Accounts. Any moneys in any fund or account held by the Trustee with respect to the Bonds shall, to the extent permitted under the Indenture, at the written direction of an Authorized Company Representative, be invested or reinvested by the Trustee as provided in the Indenture. Such investments shall be deemed at all times a part of the fund or account from which such investments were made, and the interest accruing thereon and any profit or loss realized therefrom shall, except as otherwise provided in the Indenture, be credited or charged to such fund or account.
Investment of Moneys in Funds and Accounts. The Company and the Pollution Control Corporation agree that any moneys held in any fund or account created by the Indenture shall be invested as provided in the Indenture.
Investment of Moneys in Funds and Accounts. All moneys in any of the funds and accounts held by the Fiscal Agent and established pursuant to this Fiscal Agent Agreement shall be invested solely as directed by the City, solely in Investment Securities. All Investment Securities shall, as directed by the City in writing, be acquired as directed by the Authority, which direction shall be subject to the limitations set forth in Section 7.9 (Federal Income Tax Covenants), the limitations as to maturities hereinafter in this Section set forth and such additional limitations or requirements consistent with the foregoing as may be established by Request of the City. The Fiscal Agent shall conclusively rely on any directions from the City that the investment being directed is an Investment Security. In the absence of any written direction from the City, the Fiscal Agent shall invest any such moneys in a money market mutual fund rated AAAm or AAAm-G or better by Standard & Poor’s, which may include funds for which the Fiscal Agent or its affiliates provide investment advisory or other management services; provided, however, that any such investment shall be made by the Fiscal Agent only if, prior to the date on which such investment is to be made, the Fiscal Agent shall have received a written direction of the City specifying a specific money market fund and, if no such written direction of the City is so received, the Fiscal Agent shall hold such moneys uninvested. Moneys in the Bond Reserve Fund shall be invested in Investment Securities maturing or available on demand within ten (10) years of the date of such investment. Moneys in the remaining funds and accounts shall be invested in Investment Securities maturing or available on demand not later than the date on which it is estimated that such moneys will be required by the Fiscal Agent. Unless otherwise provided in a Supplemental Fiscal Agent Agreement all interest, profits, and other income received from the investment of moneys in: (1) the Rebate Fund shall be deposited in the Rebate Fund, except as otherwise directed by the City in accordance with Section 7.9 (Federal Income Tax Covenants); (2) the Costs of Issuance Fund shall be deposited when received into the Special Tax Fund, and (3) all other funds and accounts shall be deposited therein. Notwithstanding anything to the contrary contained in this paragraph, an amount of interest received with respect to any Investment Security equal to the amount of accrued interest, if any, paid as part of the p...
Investment of Moneys in Funds and Accounts. The Company and the City agree that any moneys held in any fund or account created by the Ordinance shall be invested as provided in the Ordinance.
Investment of Moneys in Funds and Accounts. (a) Subject to the provisions of Section 4.9 hereof, all moneys in any of the funds and accounts established pursuant to this Indenture and held by the Trustee shall be invested by the Trustee as directed by the Authority in writing solely in Investment Securities. Investment Securities may be purchased at such prices determined by the Authority. The Authority shall direct such investment so that all Investment Securities shall be acquired subject to the limitations set forth in Section 5.8, the limitations as to maturities hereinafter in this Section set forth and such additional limitations or requirements consistent with the foregoing as may be established by Written Request of the Authority. Absent the direction of the Authority in the manner set forth above, the Trustee shall invest only in Federal Securities. The foregoing provision of this Section 4.8(a) are subject to the limitation that all investments held in any fund or account hereunder shall mature at such times (without reinvestment thereof or of investment income thereon) so as to assure the amounts necessary for the intended purpose of such fund or account.
Investment of Moneys in Funds and Accounts. Subject to the provisions of Article V hereof, all moneys held by the Trustee in the Revenue Fund, Costs of Issuance Fund, the Redemption Account or the Rebate Fund, shall, at the written direction of the Successor Agency, be invested only in Permitted Investments. If the Trustee receives no written directions from the Successor Agency as to the investment of moneys held in any Fund or Account, the Trustee shall request such written direction from the Successor Agency and, pending receipt of instructions, shall invest such moneys solely in Permitted Investments described in subsection (b)(5) of the definition thereof.
Investment of Moneys in Funds and Accounts. Moneys in any of the funds and accounts established pursuant to this Paying Agent Agreement shall be invested, as directed by the District, solely in Investment Securities or held uninvested in cash. All Investment Securities shall be acquired subject to the limitations set forth in Section 8.6 (
Investment of Moneys in Funds and Accounts. All moneys in any of the funds and accounts or subaccounts thereof established pursuant to this Indenture other than the Grant-Reserve Subaccount of the Reserve Account shall be invested by the Bond Trustee solely in such Eligible Securities as are specified in a Request of the Borrower. If no such Request of the Borrower is made the Trustee shall hold such moneys uninvested.
