Investment Transactions. During the term of the Agreement, Polca shall in its own name (i) make any short-term investments in financial instruments and/or term deposits depending on the proceeds from the Pooled Assets and the total Cash Surpluses net of Cash Shortfalls (hereinafter the “Investments”) and (ii) credit or debit the Concentration Account to this end. For the entire duration of the Agreement, Polca irrevocably undertakes not to grant any pledge, encumbrance or other security right on any Investment credited to one or more securities accounts or term deposit accounts, in the case of monetary investments held by Polca with the Bank or other banking institutions. For the present purposes, the total amount of Investments and total amount of Advances provided for by Article 8 shall be considered the Pooled Assets.
Appears in 4 contracts
Samples: Cash Pooling Agreement, Cash Pooling Agreement (Brazilian Distribution Co Companhia Brasileira De Distr CBD), Cash Pooling Agreement (Cnova N.V.)
