Common use of Investment of SRC Collections Received Clause in Contracts

Investment of SRC Collections Received. Prior to each Daily Remittance, the Servicer may invest SRC Collections received at its own risk and (except as required by applicable LPSC Regulations) for its own benefit. So long as the Servicer complies with its obligations under Section 6(c) of this Annex I, neither such investments nor such funds shall be required to be segregated from the other investment and funds of the Servicer.

Appears in 9 contracts

Samples: Storm Recovery Property Servicing Agreement (SWEPCO Storm Recovery Funding LLC), Storm Recovery Property Servicing Agreement (SWEPCO Storm Recovery Funding LLC), Storm Recovery Property Servicing Agreement (SWEPCO Storm Recovery Funding LLC)

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Investment of SRC Collections Received. Prior to each Daily Remittance, the Servicer may invest SRC Collections received at its own risk and (except as required by applicable LPSC Regulations) for its own benefit, provided however, that the Servicer shall pay Accrued Interest as provided in Section 6.12 of the Agreement. So long as the Servicer complies with its obligations under Section 6(c) of this Annex I), neither such investments nor such funds shall be required to be segregated from the other investment investments and funds of the Servicer.

Appears in 2 contracts

Samples: System Restoration Property Servicing Agreement (CenterPoint Energy Restoration Bond Company, LLC), System Restoration Property Servicing Agreement (CenterPoint Energy Restoration Bond Company, LLC)

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