Investments of Cash. (a) For so long as any ACS Group Loans remain Outstanding, the Administrative Agent, on behalf of the Collateral Agent, shall, or shall direct the Operating Bank in writing to, invest and reinvest, at the written direction of the Borrowers, the funds on deposit in the Accounts in Permitted Account Investments; provided, however, that the Liquidity Facility Provider shall be entitled to direct the Administrative Agent to invest the amounts standing (if any) in the Liquidity Facility Reserve Account in Permitted Account Investments; provided further that following the giving of a Default Notice or during the continuance of an Acceleration Default, the Administrative Agent shall invest such amount at the written direction of the Collateral Agent in Permitted Account Investments described in clause (d) of the definition thereof (but in the case of a Lessee Funded Account only to the extent any such investment credited to such Lessee Funded Account is permitted by the ACS Group Lease pursuant to which such funds were received) from the time of receipt thereof until such time as such amounts are required to be distributed pursuant to the terms of this Intercreditor Agreement and the Guarantor Intercreditor Agreement. The Administrative Agent shall make such investments and reinvestments, and the Borrower, the Liquidity Facility Provider and/or the Collateral Agent as specified in the immediately preceding sentence shall provide such direction, in accordance with the terms of the following provisions:
(i) the Permitted Account Investments shall have maturities and other terms such that sufficient funds shall be available to make required payments pursuant to this Intercreditor Agreement and the Guarantor Intercreditor Agreement (A) before the next Payment Date after which such investment is made, in the case of investments of funds on deposit in the Collections Account, the Maintenance Reserve Account and the Expense Account, or (B) in accordance with a Written Notice provided by the Administrative Agent, the requirements of the relevant ACS Group Lease or ACS Group Aircraft Agreement, in the case of investments of funds on deposit in the Lessee Funded Accounts or the Security Deposit Account; provided that an investment maturing within one year of the date of investment shall nevertheless be a Permitted Account Investment if it has been acquired with funds which are not reasonably anticipated, at the discretion of the Administrative Agent to be required to be pa...
Investments of Cash. For so long as any Notes remain Outstanding, the Trustee, at the direction of the Servicer, shall, or shall direct the Eligible Institution holding each Account in writing, to invest and reinvest the funds on deposit in the Accounts in Eligible Investments; provided, however, that so long as an Event of Default has occurred and is continuing, the Trustee shall invest such amount in Eligible Investments described in clause (d) of the definition thereof from the time of receipt thereof until such time as such amounts are required to be distributed pursuant to the terms of this Indenture. In the absence of written direction delivered to the Trustee from the Servicer, the Trustee shall invest any funds in Eligible Investments described in clause (d) of the definition thereof. The Trustee shall make such investments and reinvestments in accordance with the terms of the following provisions:
(i) the Eligible Investments shall have maturities and other terms such that sufficient funds shall be available to make required payments pursuant to this Indenture on the Business Day immediately preceding the first Payment Date after which such investment is made, in the case of investments of funds on deposit in the Collection Account; and
(ii) if any funds to be invested are not received in the Accounts by 1:00 p.m., New York City time, on any Business Day, such funds shall, if possible, be invested in overnight Eligible Investments. The Issuer acknowledges that regulations of the U.S. Comptroller of the Currency grant the Issuer the right to receive confirmations of security transactions as they occur. The Issuer specifically waives receipt of such confirmations to the extent permitted by law and acknowledges that the Trustee will furnish periodic cash transaction statements which will detail all investment transactions.
Investments of Cash. The Cash Manager shall invest and reinvest the funds on deposit in the Accounts as permitted by and in accordance with Section 3.02 of the Indenture.
Investments of Cash. The Liquidation Manager shall invest the Debtor’s Cash in FDIC insured checking accounts, saving deposit accounts or certificates of insurance. The interest or other income earned on the investment of Cash shall be used to make the Distributions and other payments required under the Plan and this Agreement.
Investments of Cash. The Escrow Agent shall invest cash, if any, held in the Escrow, other than amounts immediately distributable by the Escrow Agent, in the SSgA U.S.
Investments of Cash. The Administrative Agent shall at the direction of the Controlling Trustees (or, following the giving of a Default Notice or during the continuance of an Acceleration Default at the direction of the Security Trustee) invest and reinvest the funds on deposit in the Accounts as permitted by and in accordance with Section 3.02 of the Indenture.
Investments of Cash. 74 Section 3.03 Closing Date Deposits, Withdrawals and Transfers..................................... 75 Section 3.04 Interim Deposits, Transfers and Withdrawals.......................................... 76 Section 3.05 Withdrawals and Transfers Relating to the Acquisition of Aircraft and Interim Deposits and Withdrawals for Aircraft Sales.......................................... 77 Section 3.06 Calculation Date Calculations........................................................ 79 Section 3.07 Payment Date First Step Withdrawals and Transfers.................................... 84 Section 3.08 Payment Date Second Step Withdrawals................................................. 86 Section 3.09 Allocations of Principal Payments Among Subclasses of the Securities................. 93 Section 3.10 Certain Redemptions; Certain Premiums................................................ 93 Section 3.11 Adjustment of Certain Percentages, Factors and Balances.............................. 96
Investments of Cash. In connection with MSAF's acquisition of the Aircraft and the issuance of the Notes, the Cash Manager shall at the direction of MSAF (or, following the giving of a Default Notice at the direction of the Security Trustee) invest and reinvest the funds on deposit in the Accounts as permitted by and in accordance with Section 3.02 of the Indenture.
Investments of Cash. 41 Section 3.03 Closing Date Deposits, Withdrawals and Transfers................................. 42 Section 3.04 Special Distribution Dates; True-up Payments..................................... 42 Section 3.05 Calculation Date Calculations..................................................
Investments of Cash. All cash held by the Collateral Agent pursuant to this Agreement (whether or not such cash constitutes Exchange Property) shall be invested by the Collateral Agent from time to time in accordance with the written instructions of the Company in Cash Equivalents with maturity dates of twelve months or less. Any interest or gain on such investments shall be for the sole account of the Company and shall be paid over to the Company by the Collateral Agent as provided in Section 7(b). Any loss on such investments shall be for the account of the Company and the Company shall, on demand, reimburse the Collateral Agent for any such loss. The Company shall have the option either to furnish to the Collateral Agent all money payable to Holders upon any exchange of Exchangeable Securities or to require the Collateral Agent to sell Cash Equivalents in an amount necessary to permit the Collateral Agent to make such payments.
