Common use of POWER OF INVESTMENT Clause in Contracts

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. (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(f5.1(g). (ii) The power of investment of the Receivables Trustee shall be limited to the power set out in Clause 5.1(e)(i5.1(f)(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)(i5.1(f)(i) in accordance with the provisions of this Deed.

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 and the principles set out in the First Schedule and Receivables Trustee shall invest funds on deposit in such Trust Accounts allocable to any issuance of Related Debt and/or Series in accordance with Clause 5.1(f5.1(g). (ii) The power of investment of Subject to Clause 5.1(e)(i) and 5.1(f), the Receivables Trustee shall be limited to the have no power set out in Clause 5.1(e)(i) of investment 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 Servicer shall, consistent with the terms of this Deed and any Supplement Supplement, undertake to advise the Receivables Trustee with regard respect to undertaking the investments referred to in Clause 5.1(e)(i5.1(f)(i) in accordance with the provisions of this Deed.