Common use of Investment of the Trust Property Clause in Contracts

Investment of the Trust Property. 6.3.1 During and prior to the commencement of the Initial Period the Trustee shall hold the Trust Property on deposit in Bank Account(s) with scheduled bank(s) or financial institution(s) having a minimum rating of A (rated by any credit rating agency licensed/approved by the Commission) and approved by the Management Company. After the Initial Period, the Trust Property shall be invested by the Trustee from time to time as directed by the Management Company but subject to the provisions of this Trust Deed, Offering Document and the Regulations.

Appears in 3 contracts

Samples: www.nbpfunds.com, www.nbpfunds.com, www.nbpfunds.com

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Investment of the Trust Property. 6.3.1 During and prior to the commencement of the Initial Period the Trustee shall hold the Trust Property on deposit in Bank Account(s) with scheduled bank(s) or financial institution(s) having a minimum rating of A AA (rated by any credit rating agency licensed/approved by the Commission) and approved by the Management Company. After the Initial Period, the Trust Property shall be invested by the Trustee from time to time as directed by the Management Company but subject to the provisions of this Trust Deed, Offering Document and the Regulations.

Appears in 1 contract

Samples: www.nbpfunds.com

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Investment of the Trust Property. 6.3.1 During and prior to the commencement of the Initial Period the Trustee shall hold the Trust Property on deposit in Bank Account(sseparate account(s) with scheduled bank(s) or financial institution(s) having a minimum an investment grade rating of A (rated by any credit rating agency licensed/approved by the Commission) and approved by the Management Company. After the Initial Period, the Trust Property shall be invested by the Trustee from time to time as directed by the Management Company but subject to the provisions of this Trust Deed, Offering Document and the Rules and Regulations.

Appears in 1 contract

Samples: www.nbpfunds.com

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