Common use of Receipt of Collateral, Collateral substitution Clause in Contracts

Receipt of Collateral, Collateral substitution. For each Loan, Chase shall receive and hold Letters of Credit received as Collateral and Chase or a Triparty Institution shall receive and hold all other Collateral required by the applicable MSLA in a Collateral Account, and Chase is hereby authorized and directed, without obtaining any further approval from Lender, to invest and reinvest all or substantially all Cash Collateral. Chase shall credit, or where applicable shall have a Triparty Institution credit, all Collateral, Authorized Investments and Proceeds to a Collateral Account and Chase shall not xxxx its books and records to identify Lender's interest therein, it being understood, however, that all monies credited to a Collateral Account may for purposes of investment be commingled with cash collateral held for other lenders of securities on whose behalf Chase may act. Chase may, in its sole discretion, liquidate any Authorized Investment and credit the net proceeds in a Collateral Account. Chase shall accept substitutions of Collateral in accordance with the applicable MSLA and shall credit, or where applicable shall have a Triparty Institution credit, all such substitutions to a Collateral Account.

Receipt of Collateral, Collateral substitution. For each Loan, Chase shall receive and hold Letters of Credit received as Collateral and Chase or a Triparty Institution shall receive and hold all other Collateral required by the applicable MSLA in a Collateral Account, and Chase is hereby authorized and directed, without obtaining any further approval from Lender, to invest and reinvest all or substantially all Cash Collateral. Chase shall credit, or where applicable shall have a Triparty Institution credit, all Collateral, Authorized Investments and Proceeds to a Collateral Account and Chase shall not xxxx its mark xxx books and records to identify Lender's interest therein, it being understood, however, that all monies credited to a Collateral Account may for purposes of investment be commingled with cash collateral held for other lenders of securities on whose behalf Chase may act. Chase may, in its sole discretion, liquidate any Authorized Investment and credit the net proceeds in a Collateral Account. Chase shall accept substitutions of Collateral in accordance with the applicable MSLA and shall credit, or where applicable shall have a Triparty Institution credit, all such substitutions to a Collateral Account.

Receipt of Collateral, Collateral substitution. For each Loan, Chase Bank shall receive and hold Letters of Credit received as Collateral and Chase or a Triparty Institution shall receive and hold all other Collateral required by the applicable MSLA in a Collateral Account, and Chase Bank is hereby authorized and directed, without obtaining any further approval from Lenderthe Department, to invest and reinvest all or substantially all Cash CollateralCollateral in accordance with Section 5.5(E). Chase Bank shall credit, or where applicable shall have a Triparty Institution credit, all Collateral, Authorized Investments and Proceeds to a the appropriate Collateral Account and Chase Bank shall not xxxx its books and records to identify Lender's the Department’s interest therein, it being understood, however, that all monies credited to a Collateral Account may for purposes of investment be commingled with cash collateral held for other lenders of securities Securities on whose behalf Chase Bank may act. Chase Bank may, in its sole discretion, liquidate any Authorized Investment and credit the net proceeds in a to the appropriate Collateral Account. Chase shall Bank may accept substitutions of Collateral in accordance with the applicable MSLA MSLA, and shall credit, or where applicable shall have a Triparty Institution credit, all such substitutions to a the appropriate Collateral Account.

Receipt of Collateral, Collateral substitution. For each Loan, Chase shall receive and hold Letters of Credit received as Collateral and Chase or a Triparty Institution shall receive and hold all other Collateral required by the applicable MSLA in a Collateral Account, and Chase is hereby authorized and directed, without obtaining any further approval from Lender, to invest and reinvest all or substantially all Cash Collateral. Chase shall credit, or where applicable shall have a Triparty Institution credit, all Collateral, Authorized Investments and Proceeds to a Collateral Account and Chase shall not xxxx mark its books and records to identify Lender's interest intexxxx therein, it being understood, however, that all monies credited to a Collateral Account may for purposes of investment be commingled with cash collateral held for other lenders of securities on whose behalf Chase may act. Chase may, in its sole discretion, liquidate any Authorized Investment and credit the net proceeds in a Collateral Account. Chase shall accept substitutions of Collateral in accordance with the applicable MSLA and shall credit, or where applicable shall have a Triparty Institution credit, all such substitutions to a Collateral Account.