Common use of The Investment Account; Eligible Investments Clause in Contracts

The Investment Account; Eligible Investments. (a) At its option, the Servicer may invest funds withdrawn from the Custodial Accounts for P&I or the Buydown Fund Accounts for its own account and at its own risk, during any period prior to their deposit in the Certificate Account pursuant to Section 3.04. Funds so withdrawn shall immediately be deposited by the Servicer either (i) with the Investment Depository in the Commingled Investment Account in the name of the Servicer or (ii) in an uncommingled investment account that satisfies the requirements for the Custodial Accounts for P&I as provided in the definition of “Custodial Account for P&I” (the “Uncommingled Investment Account”), in each case, for investment only as set forth in this Section 3.03. The Servicer shall bear any and all losses incurred on any investments made with funds on deposit in the Commingled Investment Account or the Uncommingled Investment Account and shall be paid all gains realized on such investments (except Payoff Earnings to the extent applied to pay Compensating Interest) as additional servicing compensation.

The Investment Account; Eligible Investments. (a) At its option, the Servicer may invest funds withdrawn from the Custodial Accounts for P&I or the Buydown Fund Accounts for its own account and at its own risk, during any period prior to their deposit in the Certificate Account pursuant to Section 3.04. Funds so withdrawn shall immediately be deposited by the Servicer either (i) with i)with the Investment Depository in the Commingled Investment CommingledInvestment Account in the name of the Servicer or (ii) in an uncommingled investment account that satisfies the requirements for the Custodial Accounts for P&I as provided in the definition of “Custodial Account for P&I” (the “Uncommingled Investment Account”), in each case, ,for investment only as set forth in this Section 3.03. The Servicer shall bear any and all losses incurred on any investments made with funds on deposit in the Commingled Investment Account or the Uncommingled Investment UncommingledInvestment Account and shall be paid all gains realized on such investments (except Payoff Earnings to the extent applied to pay Compensating Interest) as additional servicing compensation.

The Investment Account; Eligible Investments. (a) At its option, the Servicer may invest funds withdrawn from the Custodial Accounts for P&I or the Buydown Fund Accounts for its own account and at its own risk, during any period prior to their deposit in the Certificate Account pursuant to Section 3.04. Funds so withdrawn shall immediately be deposited by the Servicer either (i) with the Investment Depository in the Commingled Investment Account in the name of the Servicer or (ii) in an uncommingled investment account that satisfies the requirements for the Custodial Accounts for P&I as provided in the definition of “"Custodial Account for P&I” " (the “"Uncommingled Investment Account”"), in each case, for investment only as set forth in this Section 3.03. The Servicer shall bear any and all losses incurred on any investments made with funds on deposit in the Commingled Investment Account or the Uncommingled Investment Account and shall be paid all gains realized on such investments (except Payoff Earnings to the extent applied to pay Compensating Interest) as additional servicing compensation.