Common use of Investment Reserve Accounts Clause in Contracts

Investment Reserve Accounts. (i) If the ratings of any Eligible Investment in connection with the related Accumulation Account have been downgraded by one or more Rating Agencies, on the next Distribution Date the Administrator will instruct the Indenture Trustee to deposit the applicable Investment Reserve Account Required Amount into the related Investment Reserve Account to the extent of Available Funds remaining after giving effect to distributions and/or allocations made pursuant to Section 2.8(a) through (g). On each Distribution Date, the Administrator will instruct the Indenture Trustee to withdraw from any Investment Reserve Account any amounts required to offset realized losses on Eligible Investments in connection with the related Accumulation Account, and deposit that amount into such Accumulation Account. (ii) On each Distribution Date, the Administrator, with respect to any Investment Reserve Account, will instruct the Indenture Trustee to (1) withdraw all amounts (including any Investment Earnings) which were not deposited into the related Accumulation Account and have remained on deposit in such Investment Reserve Account from the immediately preceding Distribution Date, (2) deposit such funds into the Collection Account, and (3) include such funds as Available Funds for that Distribution Date.

Investment Reserve Accounts. (i) If the ratings of any Eligible Investment in connection with the related Accumulation Account have been downgraded by one or more Rating Agencies, on the next Distribution Date Date, the Administrator will instruct the Indenture Trustee to deposit the applicable Investment Reserve Account Required Amount into the related Investment Reserve Account to the extent of Available Funds remaining after giving effect to distributions and/or allocations made pursuant to Section 2.8(a) through (g). On each Distribution Date, the Administrator will instruct the Indenture Trustee to withdraw from any Investment Reserve Account any amounts required to offset realized losses on Eligible Investments in connection with the related Accumulation Account, and deposit that amount into such Accumulation Account. (ii) On each Distribution Date, the Administrator, with respect to any Investment Reserve Account, will instruct the Indenture Trustee to (1) withdraw all amounts (including any Investment Earnings) which were not deposited into the related Accumulation Account and have remained on deposit in such Investment Reserve Account from the immediately preceding Distribution Date, (2) deposit such funds into the Collection Account, and (3) include such funds as Available Funds for that Distribution Date.

Investment Reserve Accounts. (i) If the ratings of any Eligible Investment in connection with the related Accumulation Account have been downgraded by one or more Rating Agencies, on the next Distribution Date Date, the Administrator will instruct the Indenture Trustee to deposit the applicable Investment Reserve Account Required Amount into the related Investment Reserve Account to the extent of Available Funds remaining after giving effect to distributions and/or allocations made pursuant to Section 2.8(a) through (g). On each Distribution Date, the Administrator will instruct the Indenture Trustee to withdraw from any Investment Reserve Account any amounts required to offset realized losses on Eligible Investments in connection with the related Accumulation Account, and deposit that amount into such Accumulation Account. (ii) On each Distribution Date, the Administrator, with respect to any Investment Reserve Account, will instruct the Indenture Trustee to (1) withdraw all amounts (including any Investment Earnings) which were not deposited into the related Accumulation Account and have remained on deposit in such Investment Reserve Account from the immediately preceding Distribution Date, (2) deposit such funds into the Collection Account, and (3) include such funds as Available Funds for that Distribution Date.

Investment Reserve Accounts. (i) If the ratings of any Eligible Investment in connection with the related Accumulation Account have been downgraded by one or more Rating Agencies, on the next Distribution Date Date, the Administrator will instruct the Indenture Trustee to deposit the applicable Investment Reserve Account Required Amount into the related Investment Reserve Account to the extent of Available Funds remaining after giving effect to distributions and/or allocations made pursuant to Section 2.8(a) through (g). On each Distribution Date, the Administrator will instruct the Indenture Trustee to withdraw from any Investment Reserve Account any amounts required to offset realized losses on Eligible Investments in connection with the related Accumulation Account, and deposit that amount into such Accumulation Account. (ii) On each Distribution Date, the Administrator, with respect to any Investment Reserve Account, will instruct the Indenture Trustee to (1) withdraw all amounts (including any Investment Earnings) which were not deposited into the related Accumulation Account and have remained on deposit in such Investment Reserve Account from the immediately preceding Distribution Date, (2) deposit such funds into the Collection Account, and (3) include such funds as Available Funds for that Distribution Date.