POWER OF INVESTMENT. If the amount of the monies at any time available for the payment of principal and interest in respect of the Notes under Clause 8 shall be less than 10 per cent. of the aggregate Principal Amount Outstanding of the Notes the Note Trustee may at its discretion invest such monies in some or one of the investments hereinafter authorised and such investments with the resulting income therefrom may be accumulated until the accumulations together with any other funds for the time being under the control of the Note Trustee and available for such purpose shall amount to a sum being not less than 10 per cent. of the aggregate Principal Amount Outstanding of the Notes and then such accumulations and funds shall be applied in the manner provided in Clause 8.
POWER OF INVESTMENT. Subject always to clause 20.1 (Project Accounts), an Obligor may require that such part of the amounts standing to the credit of any of the Project Accounts as it may consider prudent (having reasonable grounds for so considering) shall be invested from time to time in Authorised Investments in accordance with this clause 23 and in a manner consistent with the provisions of clause 28.17(A) (Hedging).
POWER OF INVESTMENT. (i) The Receivables Trustee shall deposit all monies received by it in respect of Trust Property in the Trust Accounts in accordance with the provisions of this Clause 5 in a manner consistent with the principles set out in the First Schedule and shall invest funds on deposit in such Trust Accounts allocable to any Series in accordance with Clause 5.1(f).
(ii) The power of investment of the Receivables Trustee shall be limited to the power set out in Clause 5.1(e)(i) and the Trustee Investments Act 1961 shall not apply to the Receivables Trustee.
(iii) The Receivables Trustee acknowledges that subject to the obligations of the Receivables Trustee to allocate or distribute funds in accordance with this Deed and any Supplement, the Trust Cash Manager and any Co-Trust Cash Manager may give the Receivables Trustee advice consistent with the terms of this Deed and any Supplement with regard to undertaking the investments referred to in Clause 5.1(e)(i) in accordance with the provisions of this Deed.
POWER OF INVESTMENT. The Company may require, subject as provided in this Agreement, that such part of the amounts outstanding to the credit of any Account as it considers prudent shall be invested from time to time in Permitted Investments in accordance with this paragraph 3.2 (Power of Investment).
POWER OF INVESTMENT. (i) The Receivables Trustee shall deposit all monies received by it in respect of Trust Property in the Trust Accounts in accordance with the provisions of this Clause 6 and the Receivables Trustee shall utilise funds on deposit in such Trust Accounts allocable to any Series in accordance with Clause 6.1(f) (Administration of the Trust Accounts).
(ii) Subject to Clause 6.1(f)(i) (Administration of the Trust Accounts) and Clause 6.1(g) (Acknowledgement of the Beneficiaries), the Receivables Trustee shall have no power of investment and the Trustee Investments Act 1961 and the investment powers of trustees under the Trustee Xxx 0000 shall not apply to the Receivables Trustee.
(iii) The Receivables Trustee acknowledges that, subject to the obligations of the Receivables Trustee to distribute funds in accordance with this Deed and any Supplement, the Servicer shall, consistent with the terms of this Deed and any Supplement, undertake to advise the Receivables Trustee with respect to the investments referred to in Clause 6.1(f)(i) (Administration of the Trust Accounts) and Clause 6.1(g) (Acknowledgement of the Beneficiaries) in accordance with the provisions of this Deed.
POWER OF INVESTMENT. Subject always to clause 28.1 (Project Accounts), Kosmos may require that such part of the amounts standing to the credit of any of the Project Accounts as it may consider prudent (having reasonable grounds for so considering) shall be invested from time to time in Authorised Investments in accordance with this clause and in a manner consistent with the provisions of clause 36.17(A) (Hedging).
POWER OF INVESTMENT. The Mortgages Trustee may invest, and may appoint the Cash Manager to invest on its behalf, any amounts standing to the credit of the Mortgages Trustee Transaction Account in Authorised Investments. Save as expressly provided in this Deed, the Mortgages Trustee Guaranteed Investment Contract and the Bank Account Agreement, the Mortgages Trustee shall have no further or other powers of investment with respect to the Trust Property and (to the extent permitted by applicable law) the Trustee Act 2000 shall not nor shall any other provision relating to trustee powers of investment implied by statute or general law shall apply to the Mortgages Trust.
POWER OF INVESTMENT. The Borrower may require, subject as provided in this Agreement, that such part of the amounts outstanding to the credit of any Account as it considers prudent shall be invested from time to time in Permitted Investments in accordance with this paragraph 13.2 (Power of Investment).
POWER OF INVESTMENT. (1) Any moneys to be invested may be applied in the purchase or acquisition of such shares stock funds securities land buildings chattels or other property of whatever nature and wherever situate and whether involving liabilities or producing income or not or in making such loans with or without such security as the Trustee thinks fit so that the Trustee shall have the same powers in all respects as if it were the absolute owner beneficially entitled
(2) The acquisition of any reversionary interest any policy of insurance of whatever nature any annuity security or other investments not producing income or of a wasting nature (or for any other reason not within the meaning of the word "investment" strictly construed) shall be deemed to be an authorised investment of trust moneys if the Trustee considers the same to be for the benefit of any one or more of the persons beneficially interested in this Deed
(3) When any such reversionary interest policy annuity security or investment as is described in sub-paragraph (2) or when any other security or investment is sold with the right to receive the dividend or interest accrued or accruing no part of any accretion to the value or of any premium bonus or other sum which accrues or is payable when the same falls into possession or is redeemed or matures or on repayment of the capital moneys so secured or when any sale or disposal is made shall be apportionable to or be treated as income
(4) The Trustee may exchange property for other property of a like or different nature and for such consideration and on such conditions as they think fit
POWER OF INVESTMENT. (a) SUBJECT as provided below any monies requiring investment may be invested in or upon any investments of whatever nature and wherever situate whether producing income or not or whether involving liability or not (including the purchase of any immovable or movable property or any interest in such property and including purchases made for the purpose of enabling all or any one or more of the Beneficiaries to have the occupation use or enjoyment in specie of the asset purchased or other purpose which the Trustees consider to be in the interests of any one or more of the Beneficiaries) as the Trustees shall in their absolute discretion think fit so that the Trustees shall have the same full and unrestricted powers of making and changing investments of such monies as if they
(b) The acquisition of any such reversionary interest or any policy of insurance or assurance sinking fund policy or other policy of whatever nature or any annuity or securities or other investments not producing income or of a wasting nature or for any other reason not within the meaning of the word 'investment' strictly construed shall be deemed to be an authorised investment of trust monies if the Trustees shall consider the same to be for the benefit of any one or more of the Beneficiaries
(c) Where any such reversionary interest policy security or investment as is described in subclause (b) is comprised in the Trust Fund or where any other security or investment is sold with the right to receive the dividend or interest accrued or accruing no part of any accretion to the value or of any premium or bonus or other sum (whether in respect of arrears of or prospective dividend or interest or income or otherwise) which accrues or is payable when the same falls into possession or is redeemed or matures or on repayment of the capital monies so secured or when any sale or disposal is made shall be apportionable to or be treated as income
(d) The Trustees shall have power to exchange property for other property of a like or different nature and for such consideration and on such conditions as they in their absolute discretion think fit
