Common use of Investment of Moneys Clause in Contracts

Investment of Moneys. If the amount of the moneys at any time available for payment of principal and interest in respect of the Current Issuer Notes under Clause 8.1 (Application of Moneys) shall be less than a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer Notes then outstanding, the Note Trustee may, at its discretion, invest such moneys upon some or one of the investments hereinafter authorised with power from time to time, with like discretion, to vary such investments; and such investment with the resulting income thereof may be accumulated until the accumulations together with any other funds for the time being under the control of the Note Trustee and available for the purpose shall amount to a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer Notes then outstanding and such accumulation and funds (after deduction of any taxes and any other deductibles applicable thereto) shall then be applied in the manner aforesaid.

Appears in 17 contracts

Samples: Issuer Trust Deed (Granite Mortgages 03-1 PLC), Issuer Trust Deed (Granite Mortgages 04-3 PLC), Issuer Trust Deed (Granite Mortgages 04-1 PLC)

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Investment of Moneys. If the amount of the moneys at any time available for payment of principal and interest in respect of the Current any Series and Class of Issuer Notes under Clause 8.1 (Application of Moneys) shall be less than a sum sufficient to pay at least one-tenth of the principal amount of the Current such Issuer Notes then outstanding, the Note Trustee may, at its discretion, invest such moneys upon some or one of the investments hereinafter authorised with power from time to time, with like discretion, to vary such investments; and such investment with the resulting income thereof may be accumulated until the accumulations together with any other funds for the time being under the control of the Note Trustee and available for the purpose shall amount to a sum sufficient to pay at least one-tenth of the principal amount of the Current such Issuer Notes then outstanding and such accumulation and funds (after deduction of any taxes and any other deductibles applicable thereto) shall then be applied in the manner aforesaid.

Appears in 3 contracts

Samples: Issuer Trust Deed (Granite Finance Funding 2 LTD), Second Amended Issuer Trust Deed (Granite Finance Trustees LTD), Issuer Trust Deed (Granite Finance Trustees LTD)

Investment of Moneys. If the amount of the moneys at any time available for payment of principal and interest in respect of the Current Issuer Notes under Clause 8.1 (Application of Moneys) shall be less than a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer Notes then outstanding, the Note Trustee may, at its discretion, invest such moneys upon some or one of the investments hereinafter authorised with power from time to time, with like discretion, to vary such investments; and such investment with the resulting income thereof may be accumulated until the accumulations together with any other funds for the time being under the control of the Note Trustee and available for the purpose shall amount to a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer Notes then outstanding and such accumulation and funds (after deduction of any taxes and any other deductibles applicable thereto) shall then be applied in the manner aforesaid.

Appears in 2 contracts

Samples: Trust Deed (Bema Gold Corp /Can/), Trust Deed (BMB Munai Inc)

Investment of Moneys. If the amount of the moneys at any time available for payment of principal and interest in respect of the Current Issuer Notes of any Series under Clause 8.1 10.1 (Application of Moneysmoneys) shall be less than a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer Notes of such Series then outstanding, the Note Trustee may, at its absolute discretion, invest such moneys upon some or one of the investments hereinafter authorised with power from time to time, with like absolute discretion, to vary such investments; and such investment with the resulting income thereof may be accumulated until the accumulations together with any other funds for the time being under the control of the Note Trustee and available for the purpose shall amount to a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer Notes of such Series then outstanding and such accumulation and funds (after deduction of any taxes and any other deductibles applicable thereto) shall then be applied in the manner aforesaid.

Appears in 1 contract

Samples: Trust Deed (Upm Kymmene Corp)

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Investment of Moneys. If the amount of the moneys at any time available for payment of principal and interest in respect of the Current Issuer Notes of any Series under Clause 8.1 12.1 (Application of Moneysmoneys) shall be less than a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer Notes of such Series then outstanding, the Note Trustee may, at its discretion, invest such moneys upon some or one of the investments hereinafter authorised with power from time to time, with like discretion, to vary such investments; and such investment with the resulting income thereof may be accumulated until the accumulations together with any other funds for the time being under the control of the Note Trustee and available for the purpose shall amount to a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer Notes of such Series then outstanding and such accumulation and funds (after deduction of any taxes and any other deductibles applicable thereto) shall then be applied in the manner aforesaid.

Appears in 1 contract

Samples: Trust Deed (Intercontinental Hotels Group PLC /New/)

Investment of Moneys. If the amount of the moneys at any time available for payment of principal and interest in respect of the Current Issuer any series of Notes under Clause 8.1 9.1 (Application of Moneys) shall be less than a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer such series of Notes then outstanding, the Note Trustee may, at its discretion, invest such moneys upon some or one of the investments hereinafter authorised with power from time to time, with like discretion, to vary such investments; and such investment investments with the resulting income thereof may be accumulated until the accumulations together with any other funds for the time being under the control of the Note Trustee and available for the purpose shall amount to a sum sufficient to pay at least one-tenth of the principal amount of the Current Issuer such series of Notes then outstanding and such accumulation and funds (after deduction of any taxes and any other deductibles applicable thereto) shall then be applied in the manner aforesaid.

Appears in 1 contract

Samples: Trust Deed (Syngenta Ag)

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