Common use of Investment of Special Payment Moneys Clause in Contracts

Investment of Special Payment Moneys. Any money received by the Certificate Trustee pursuant to Section 4.01(a) representing a Special Payment that is not to be promptly distributed, to the extent practicable, shall be invested in Eligible Investments at the written direction of the Servicer by the Certificate Trustee pending distribution of such Special Payment pursuant to Section 4.02. Any investment made pursuant to this Section 4.04 shall be in such Eligible Investments maturing in not more than 60 days or such lesser time as is required for the distribution of any such funds on a Special Distribution Date pending the distribution of such funds to Certificateholders as described herein. The Certificate Trustee shall hold any such Eligible Investments until maturity. Such Eligible Investments shall not mature later than the Business Day immediately preceding the Special Distribution Date relating to such invested funds. The Certificate Trustee shall have no liability with respect to any investment made pursuant to this Section 4.04 (including any losses on such investments), other than by reason of the willful misconduct or negligence of the Certificate Trustee. All income and earnings from such investments shall be distributed, if and as received, on such Special Distribution Date as part of such Special Payment and shall be treated as payments of interest on the Certificates. If the rating of the Eligible Institution, which may be the Note Trustee's Corporate Trust Office, fall below the rating requirements set forth in clause (b)(i) of the definition of Eligible Institution, the Delaware Trustee, on behalf of the Certificate Issuer, shall, within one month after notice of such rating change, cause the Collection Account to be transferred to an institution meeting the requirements set forth in clause (b)(i) of the definition of Eligible Institution.

Investment of Special Payment Moneys. Any money received by ------------------------------------ the Certificate Trustee pursuant to Section 4.01(a) representing a Special Payment (or Swap Revenue) that is not to be promptly distributed, to the extent practicable, shall be invested in Eligible Investments at the written direction of the Servicer by the Certificate Trustee pending distribution of such Special Payment pursuant to Section 4.02. Any investment made pursuant to this Section 4.04 shall be in such Eligible Investments maturing in not more than 60 days or such lesser time as is required for the distribution of any such funds on a Special Distribution Payment Date pending the distribution of such funds to Certificateholders as described herein. The Certificate Trustee shall hold any such Eligible Investments until maturity. Such Eligible Investments (i) shall not mature later than the Certificate Business Day immediately preceding the Special Distribution Date relating to such invested funds, (ii) (A) if such Eligible Investments have a maturity of one month or less, such Eligible Investments (or the provider thereof) must have a long term unsecured debt rating of at least A2 by Xxxxx'x or a certificate of deposit rating of at least P-1 by Xxxxx'x, and (B) if such Eligible Investments have a maturity of greater than one month, such Eligible Investments (or the provider thereof) must have a long term unsecured debt rating of at least A1 by Xxxxx'x and a certificate of deposit rating of at least P-1 by Xxxxx'x. The Certificate Trustee shall have no liability with respect to any investment made pursuant to this Section 4.04 (including any losses on such investments), other than by reason of the willful misconduct or negligence of the Certificate Trustee. All income and earnings from such investments shall be distributed, if and as received, on such Special Distribution Date as part of such Special Payment and shall be treated as payments of interest on the Certificates. If the rating of the Eligible Institution, which may be the Note Trustee's Corporate Trust Office, fall below the rating requirements set forth in clause (b)(i) of the definition of Eligible Institution, the Delaware Trustee, on behalf of the Certificate Issuer, shall, within one month after notice of such rating change, cause the Collection Account to be transferred to an institution meeting the requirements set forth in clause (b)(i) of the definition of Eligible Institution.

Investment of Special Payment Moneys. Any money received by the Certificate Trustee pursuant to Section 4.01(a) representing a Special Payment that is not to be promptly distributed, to the extent practicable, shall be invested in Eligible Investments at the written direction of the Servicer by the Certificate Trustee pending distribution of such Special Payment pursuant to Section 4.02. Any investment made pursuant to this Section 4.04 shall be in such Eligible Investments maturing in not more than 60 days or such lesser time as is required for the distribution of any such funds on a Special Distribution Date pending the distribution of such funds to Certificateholders as described herein. The Certificate Trustee shall hold any such Eligible Investments until maturity. Such Eligible Investments (i) shall not mature later than the Business Day immediately preceding the Special Distribution Date relating to such invested funds, (ii) (A) if such Eligible Investments have a maturity of one month or less, such Eligible Investments (or the provider thereof) must have a long term unsecured debt rating of at least A2 by Moodx'x xx a certificate of deposit rating of at least P-1 by Moodx'x, xxd (B) if such Eligible Investments have a maturity of greater than one month, such Eligible Investments (or the provider thereof) must have a long term unsecured debt rating of at least A1 by Moodx'x xxx a certificate of deposit rating of at least P-1 by Moodx'x. The Xxe Certificate Trustee shall have no liability with respect to any investment made pursuant to this Section 4.04 (including any losses on such investments), other than by reason of the willful misconduct or gross negligence of the Certificate Trustee. All income and earnings from such investments shall be distributed, if and as received, on such Special Distribution Date as part of such Special Payment and shall be treated as payments of interest on the Certificates. If the rating of the Eligible Institution, which may be the Note Trustee's Corporate Trust Office, fall below the rating requirements set forth in clause (b)(i) of the definition of Eligible Institution, the Delaware Trustee, on behalf of the Certificate Issuer, shall, within one month after notice of such rating change, cause the Collection Account to be transferred to an institution meeting the requirements set forth in clause (b)(i) of the definition of Eligible Institution.

Investment of Special Payment Moneys. Any money received by the Certificate Trustee pursuant to Section 4.01(a) representing a Special Payment that is not to be promptly distributed, to the extent practicable, shall be invested in Eligible Investments at the written direction of the Servicer by the Certificate Trustee pending distribution of such Special Payment pursuant to Section 4.02. Any investment made pursuant to this Section 4.04 shall be in such Eligible Investments maturing in not more than 60 days or such lesser time as is required for the distribution of any such funds on a Special Distribution Date pending the distribution of such funds to Certificateholders as described herein. The Certificate Trustee shall hold any such Eligible Investments until maturity. Such Eligible Investments (i) shall not mature later than the Business Day immediately preceding the Special Distribution Date relating to such invested funds, (ii) (A) if such Eligible Investments have a maturity of one month or less, such Eligible Investments (or the provider thereof) must have a long term unsecured debt rating of at least A2 by Xxxxx'x or a certificate of deposit rating of at least P-1 by Xxxxx'x, and (B) if such Eligible Investments have a maturity of greater than one month, such Eligible Investments (or the provider thereof) must have a long term unsecured debt rating of at least Aaa by Xxxxx'x and a certificate of deposit rating of at least P-1 by Xxxxx'x. The Certificate Trustee shall have no liability with respect to any investment made pursuant to this Section 4.04 (including any losses on such investments), other than by reason of the willful misconduct or gross negligence of the Certificate Trustee. All income and earnings from such investments shall be distributed, if and as received, on such Special Distribution Date as part of such Special Payment and shall be treated as payments of interest on the Certificates. If the rating of the Eligible Institution, which may be the Note Trustee's Corporate Trust Office, fall below the rating requirements set forth in clause (b)(i) of the definition of Eligible Institution, the Delaware Trustee, on behalf of the Certificate Issuer, shall, within one month after notice of such rating change, cause the Collection Account to be transferred to an institution meeting the requirements set forth in clause (b)(i) of the definition of Eligible Institution.

Investment of Special Payment Moneys. Any money received by ------------------------------------ the Certificate Trustee pursuant to Section 4.01(a) representing a Special Payment (or Swap Revenue) that is not to be promptly distributed, to the extent practicable, shall be invested in Eligible Investments at the written direction of the Servicer by the Certificate Trustee pending distribution of such Special Payment pursuant to Section 4.02. Any investment made pursuant to this Section 4.04 shall be in such Eligible Investments maturing in not more than 60 days or such lesser time as is required for the distribution of any such funds on a Special Distribution Payment Date pending the distribution of such funds to Certificateholders Certificate holders as described herein. The Certificate Trustee shall hold any such Eligible Investments until maturity. Such Eligible Investments (i) shall not mature later than the Certificate Business Day immediately preceding the Special Distribution Date relating to such invested funds, (ii) (A) if such Eligible Investments have a maturity of one month or less, such Eligible Investments (or the provider thereof) must have a long term unsecured debt rating of at least A2 by Xxxxx'x or a certificate of deposit rating of at least P-1 by Xxxxx'x, and (B) if such Eligible Investments have a maturity of greater than one month, such Eligible Investments (or the provider thereof) must have a long term unsecured debt rating of at least A1 by Xxxxx'x and a certificate of deposit rating of at least P-1 by Xxxxx'x. The Certificate Trustee shall have no liability with respect to any investment made pursuant to this Section 4.04 (including any losses on such investments), other than by reason of the willful misconduct or negligence of the Certificate Trustee. All income and earnings from such investments shall be distributed, if and as received, on such Special Distribution Date as part of such Special Payment and shall be treated as payments of interest on the Certificates. If the rating of the Eligible Institution, which may be the Note Trustee's Corporate Trust Office, fall below the rating requirements set forth in clause (b)(i) of the definition of Eligible Institution, the Delaware Trustee, on behalf of the Certificate Issuer, shall, within one month after notice of such rating change, cause the Collection Account to be transferred to an institution meeting the requirements set forth in clause (b)(i) of the definition of Eligible Institution.