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.
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Samples: Indenture (Prudential Securities Secured Financing Corp), Indenture (First Sierra Receivables Iii Inc), Indenture (Prudential Securities Secured Financing Corp)
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.
Appears in 1 contract
Samples: First Sierra Receivables Iii Inc
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.
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Samples: First Sierra Equipment Contract (First Sierra Receivables Iii Inc)
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.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Sierra Receivables Ii Inc)
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 the Collection Account shall be deposited in the Collection Account as earned. The amount of any Insured Payment shall be held uninvested.
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Samples: Unicapital Corp
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 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.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)
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 Series 1998-1 Account shall be deposited in the Collection Series 1998-1 Facility Account as earned. The amount of any Insured Payment shall be held uninvested.
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