Investments of Cash. The Liquidation Manager shall invest or deposit 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 Amended Plan and this Agreement.
Appears in 2 contracts
Samples: Liquidation Manager Agreement (Franklin Credit Management Corp), Liquidation Manager Agreement (Franklin Credit Holding Corp/De/)
Investments of Cash. The Liquidation Manager shall invest or deposit 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 Amended Plan and this Agreement.
Appears in 2 contracts
Samples: Liquidation Manager Agreement (Franklin Credit Holding Corp/De/), Liquidation Manager Agreement (Franklin Credit Holding Corp/De/)