Common use of Investment of Monies Held in the Accounts; Subaccounts Clause in Contracts

Investment of Monies Held in the Accounts; Subaccounts. (a) The Servicer shall direct the Indenture Trustee in writing to invest the amounts in any Account in Eligible Investments that mature not later than the Business Day immediately preceding the next Payment Date following the investment of such amounts. Eligible Investments shall not be sold or disposed of prior to their maturities. Investment Earnings on amounts held in any Account shall be deposited in the Collection Account as earned. The amount of any Insured Payment shall be held uninvested. (b) The Indenture Trustee and the Servicer may, from time to time and in connection with the administration of any Account, establish and maintain with the Indenture Trustee one or more sub-accounts of any of the Accounts, as the Indenture Trustee and/or the Servicer may consider useful.

Investment of Monies Held in the Accounts; Subaccounts. (a) The Servicer shall direct the Indenture Trustee in writing to invest the amounts in any Account in Eligible Investments that mature not later than the Business Day immediately preceding the next Payment Date following the investment of such amounts. Eligible Investments shall not be sold or disposed of prior to their maturities. Investment Earnings on amounts held in any Account shall be deposited in the Collection Account as earned. The amount of any Insured Payment shall be held uninvested. (b) The Indenture Trustee and the Servicer may, from time to time and in connection with the administration of any Account, establish and maintain with the Indenture Trustee one or more sub-accounts of any of the Accounts, as the Indenture Trustee Trustee, the Note Insurer and/or the Servicer may consider useful.

Investment of Monies Held in the Accounts; Subaccounts. (a) The Servicer shall direct the Indenture Trustee in writing to invest the amounts in any each Account in Eligible Investments that mature not later than the Business Day immediately preceding the next Payment Date following the investment of such amounts. Eligible Investments shall not be sold or disposed of prior to their maturities. Investment Earnings on amounts held in any Account (other than the Pre-Funding Earnings) shall be deposited in the Collection Account as earned. The amount of any Insured Payment shall be held uninvested. (b) The Indenture Trustee and the Servicer may, from time to time and in connection with the administration of any Account, establish and maintain with the Indenture Trustee one or more sub-accounts of any of the Accounts, as the Indenture Trustee and/or the Servicer may consider useful.

Investment of Monies Held in the Accounts; Subaccounts. (a) The Servicer shall direct the Indenture Trustee in writing to invest the amounts in any each Account in Eligible Investments that mature not later than the Business Day immediately preceding the next Payment Date following the investment of such amounts. Eligible Investments shall not be sold or disposed of prior to their maturities. The Trust Certificate Holder shall be entitled to the Investment Earnings on amounts held in any Account shall be deposited in the Collection Account Accounts as earned. The amount of any Insured Payment shall be held uninvested. (b) The Indenture Trustee and the Servicer may, from time to time and in connection with the administration of any Account, establish and maintain with the Indenture Trustee one or more sub-accounts of any of the Accounts, as the Indenture Trustee and/or the Servicer may consider useful.

Investment of Monies Held in the Accounts; Subaccounts. (a) The Servicer shall direct the Indenture Trustee in writing to invest the amounts in any each Account in Eligible Investments that mature not later than the Business Day immediately preceding the next Payment Date following the investment of such amounts. Eligible Investments shall not be sold or disposed of prior to their maturities. Investment Earnings Net investment earnings on amounts held in any Account shall be deposited in the Collection Account as earned. The amount of any Insured Payment shall be held uninvested. (b) The Indenture Trustee and the Servicer may, from time to time and in connection with the administration of any each Account, establish and maintain with the Indenture Trustee one or more sub-accounts of any of the Accounts, as the Indenture Trustee and/or the Servicer may consider useful.