Common use of Investment of the Exchange Fund Clause in Contracts

Investment of the Exchange Fund. The Exchange Agent shall invest any cash included in the Exchange Fund as reasonably directed by Sovereign; provided that, such investments shall be in obligations of or guaranteed by the United States of America and backed by a full faith and credit of the United States of America or in commercial paper obligations rated P-1 and A-1 or better by Xxxxx'x Investors Service, Inc. and Standard & Poor's Corporation, respectively. Any interest and other income resulting from such investments shall be payable to Sovereign.

Investment of the Exchange Fund. The Exchange Agent shall invest any cash Any funds included in the Exchange Fund may be invested by the Exchange Agent, as reasonably directed by SovereignParent; provided that, that such investments shall be in obligations of or guaranteed by the United States of America and backed by a the full faith and credit of the United States of America or in commercial paper obligations rated A-1 or P-1 and A-1 or better by Xxxxx'x Mxxxx’x Investors ServiceServices, Inc. and or Standard & Poor's ’s Corporation, respectively. Any interest and other income resulting from such investments shall promptly be payable paid to SovereignParent.

Investment of the Exchange Fund. The Exchange Agent shall invest any cash Any funds included in the Exchange Fund may be invested by the Exchange Agent, as reasonably directed by SovereignParent; provided that, that such investments shall be in obligations of or guaranteed by the United States of America and backed by a the full faith and credit of the United States of America or in commercial paper obligations rated A-1 or P-1 and A-1 or better by Xxxxx'x Investors ServiceServices, Inc. and or Standard & Poor's Corporation, respectively. Any interest and other income resulting from such investments shall promptly be payable paid to SovereignParent.

Investment of the Exchange Fund. The Exchange Agent shall invest any cash Any funds included in the Exchange Fund may be invested by the Exchange Agent, as reasonably directed by SovereignParent; provided that, that such investments shall be in obligations of or guaranteed by the United States of America and backed by a the full faith and credit of the United States of America or in commercial paper obligations rated A-1 or P-1 and A-1 or better by Xxxxx'x Xxxxx’x Investors ServiceServices, Inc. and or Standard & Poor's ’s Corporation, respectively. Any interest and other income resulting from such investments shall promptly be payable paid to SovereignParent.

Investment of the Exchange Fund. The Exchange Agent shall invest any cash Any funds included in the Exchange Fund may be invested by the Payment Agent, as reasonably directed by SovereignParent; provided thatprovided, that such investments shall be in obligations of or guaranteed by the United States of America and backed by a the full faith and credit of the United States of America or in commercial paper obligations rated A-1 or P-1 and A-1 or better by Xxxxx'x Xxxxx’x Investors ServiceServices, Inc. and or Standard & Poor's ’s Corporation, respectively. Any interest and other income resulting from such investments shall promptly be payable paid to SovereignParent.

Investment of the Exchange Fund. The Exchange Agent shall invest any cash Any funds included in the Exchange Fund may be invested by the Exchange Agent, as reasonably directed by SovereignParent; provided that, that such investments shall be in obligations of or guaranteed by the United States of America and backed by a the full faith and credit of the United States of America or in commercial paper obligations rated A-1 or P-1 and A-1 or better by Xxxxx'x Investors Service, Inc. and or Standard & Poor's Corporation, respectively. Any interest and other income resulting from such investments shall promptly be payable paid to Sovereignthe Surviving Corporation.

Investment of the Exchange Fund. The Exchange Agent shall invest any cash Any funds included in the Exchange Fund may be invested by the Exchange Agent, as reasonably directed by SovereignParent; provided that, that such investments shall be in obligations of or guaranteed by the United States of America and backed by a the full faith and credit of the United States of America or in commercial paper obligations rated A-1 or P-1 and A-1 or better by Xxxxx'x Moody's Investors ServiceServices, Inc. and or Standard & Poor's Corporation, respectivelyxxxxxxxively. Any interest and other income resulting from such investments shall promptly be payable paid to SovereignParent.

Investment of the Exchange Fund. The Exchange Agent shall invest any cash Any funds included in the Exchange Fund may be invested by the Exchange Agent, as reasonably directed by SovereignParent; provided that, that such investments shall be in obligations of or guaranteed by the United States of America and backed by a the full faith and credit of the United States of America or in commercial paper obligations rated A-1 or P-1 and A-1 or better by Xxxxx'x Investors ServiceMoodx'x Xxxestors Services, Inc. and or Standard & Poor's Corporation, respectively. Any interest and other income resulting from such investments shall promptly be payable paid to Sovereignthe Surviving Corporation.

Investment of the Exchange Fund. The Exchange Agent shall invest any cash Any funds included in the Exchange Fund may be invested by the Exchange Agent, as reasonably directed by SovereignParent; provided that, that such investments shall be in obligations of or guaranteed by the United States of America and or backed by a the full faith and credit of the United States of America America;provided, further, that no such investment or in commercial paper obligations rated P-1 and A-1 loss thereon shall affect the amounts payable or better by Xxxxx'x Investors Service, Inc. and Standard & Poor's Corporation, respectivelythe timing of the amounts payable to the Company shareholders pursuant to the other provisions of this Article II. Any interest and other income resulting from such investments shall promptly be payable paid to Sovereignor at the discretion of Parent.