Common use of Investment of the Trust Property Clause in Contracts

Investment of the Trust Property. During and prior to the commencement of the Initial Period the Trustee shall hold the Trust Property on deposit in a separate account(s) with a schedule bank(s) or financial institution having at least, if available, an investment grade rating (assigned by any credit rating agency licensed by the Commission) and approved by the Management Company. After the Initial Period all Trust Property, except in so far as such cash may in the opinion of the Management Company be required for transfer to the Distribution/Redemption Account, shall be invested by the Trustee from time to time on such Investment as may (subject always to the provisions of this Trust Deed and the Rules) be directed by the Management Company.

Investment of the Trust Property. 9.3.1 During and prior to the commencement of the Initial Period the Trustee shall hold the Trust Property on deposit in a separate account(s) with a schedule bank(s) or financial institution having at least, if available, least an investment grade rating (assigned rated by any credit rating agency licensed listed/approved by the Commission) and approved by the Management Company. After the Initial Period all the Trust Property, except in so far as such cash may in the opinion of the Management Company be required for transfer to the Distribution/Redemption Account, shall be invested by the Trustee from time to time on in such Authorised Investment as may (subject always to the provisions of this Trust Deed Deed, the Offering Document and the RulesRegulations) be directed by the Management Company.

Investment of the Trust Property. During and prior to the commencement of the Initial Period the Trustee shall hold the Trust Property on deposit in a separate account(s) with a schedule bank(s) or financial institution having at least, if available, an investment grade rating (assigned by any credit rating agency licensed by the Commission) and approved by the Management Company. After the Initial Period all Trust Property, except in so far as such cash may in the opinion of the Management Company be required for transfer to the Distribution/Redemption Account, shall be invested by the Trustee from time to time on such Investment as may (subject always to the provisions of this Trust Deed and the RulesRules1Rules or Regulations) be directed by the Management Company.