Common use of No Reinvestment Clause in Contracts

No Reinvestment. In respect of each Funded Participation, subject to compliance by the Participant with its obligations under that Funded Participation, on and after the Closing Date the Grantor is not entitled to reinvest any amount received by it in respect of any Loan or Commitment applicable to that Funded Participation or the Ancillary Rights and Claims applicable to that Funded Participation, except for investments in cash or cash equivalents (where interest earned on such investments is passed to the Participant) during the settlement period, if any, from the collection date of such amounts to the date of required remittance to the Participant.

No Reinvestment. In respect of each Funded Participation, subject Subject to compliance by the Participant with its obligations under that the Funded Participation, on and after the Closing Participation EffectiveSettlement Date the Grantor is not entitled to reinvest any amount received by it in respect of any Loan or Commitment applicable to that Funded Participation or the Ancillary Rights and Claims applicable to that Funded ParticipationClaims, except for investments in cash or cash equivalents (where interest earned on such investments is passed to the Participant) during the short settlement period, if any, from the collection date of such amounts to the date of required remittance to the Participant.