Common use of Permitted Investments; Return of Reserves to Obligors Clause in Contracts

Permitted Investments; Return of Reserves to Obligors. Unless otherwise expressly provided herein, all funds of the Obligors which are deposited with the Collection Account Bank as Reserves or with any Site Acquisition Account Bank hereunder shall be invested by such institution in one or more Permitted Investments at the direction of the Manager in accordance with the Cash Management Agreement and any investment income with respect thereto shall be credited to the related Reserve Account or the applicable Site Acquisition Account, as the case may be. After repayment of all of the Obligations, all funds held as Reserves will be promptly returned to, or as directed by, the Issuer.

Appears in 1 contract

Samples: Indenture (Landmark Infrastructure Partners LP)

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Permitted Investments; Return of Reserves to Obligors. Unless otherwise expressly provided herein, all funds of the Obligors which are deposited with the Collection Account Bank as Reserves or with any Site Acquisition Account Bank hereunder shall be invested by such institution the Collection Account Bank in one or more Permitted Investments at the direction of the Manager Issuer in accordance with the Cash Management Agreement and any investment interest income with respect thereto shall be credited to the related Reserve Account or the applicable Site Acquisition Account, as the case may be. After repayment of all of the Obligations, all funds held as Reserves will be promptly returned to, or as directed by, the Issuer.

Appears in 1 contract

Samples: American Tower Corp /Ma/

Permitted Investments; Return of Reserves to Obligors. Unless otherwise expressly provided herein, all funds of the Obligors which are deposited with the Collection Account Bank as Reserves or with any the Site Acquisition Account Bank hereunder shall be invested by such institution in one or more Permitted Investments at the direction of the Manager Issuers in accordance with the Cash Management Agreement and any investment income with respect thereto shall be credited to the related Reserve Account or the applicable Site Acquisition Account, as the case may be. After repayment of all of the Obligations, all funds held as Reserves will be promptly returned to, or as directed by, the IssuerIssuers.

Appears in 1 contract

Samples: Crown Castle International Corp

Permitted Investments; Return of Reserves to Obligors. Unless otherwise expressly provided herein, all funds of the Obligors which are deposited with the Collection Account Bank as Reserves or with any Site Acquisition Account Bank hereunder shall be invested by such institution the Collection Account Bank in one or more Permitted Investments at the direction of the Manager in accordance with the Cash Management Agreement and any investment interest income with respect thereto shall be credited to the related Reserve Account or the applicable Site Acquisition Sub-Account, as the case may be. After repayment of all of the Obligations, all funds held as Reserves will be promptly returned to, or as directed by, the Issuer.

Appears in 1 contract

Samples: Indenture (American Tower Corp /Ma/)

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Permitted Investments; Return of Reserves to Obligors. Unless otherwise expressly provided herein, all funds of the Obligors which are deposited with the Collection Account Bank as Reserves or with any Site Acquisition Account Bank hereunder shall be invested by such institution the Collection Account Bank in one or more Permitted Investments at the direction of the Manager Issuer in accordance with the Cash Management Agreement and any investment income with respect thereto shall be credited to the related Reserve Account or the applicable Site Acquisition Sub-Account, as the case may be. After repayment of all of the Obligations, all funds held as Reserves will be promptly returned to, or as directed by, the Issuer.

Appears in 1 contract

Samples: Indenture (American Tower Corp /Ma/)

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