Examples of Eligible Investments in a sentence
For administrative convenience, any Contributions or transfers of cash, Eligible Investments or Collateral Obligations made through one or more affiliates of the Collateral Manager may instead be made directly into the Issuer, bypassing such affiliate.
Eligible Investments may include, without limitation, those investments issued by or made with the Collateral Trustee or for which State Street Bank and Trust Company or the Collateral Trustee or an Affiliate of State Street Bank and Trust Company or the Collateral Trustee provides services and receives compensation.
As directed by the Issuer (or the Collateral Manager on behalf of the Issuer) in writing, in accordance with the applicable Hedge Agreement, amounts on deposit in a Hedge Counterparty Collateral Account shall be invested in Eligible Investments pursuant to Section 10.6 (Reinvestment of Funds in Accounts; Reports by Collateral Trustee).
The Collateral Manager may elect, in its sole discretion, that such Current Deferred Collateral Management Fees be (i) distributed as Interest Proceeds or (ii) deposited into the Collection Account as Principal Proceeds for investment in Collateral Obligations and/or Eligible Investments.
Amounts in the Contribution Account shall be invested at the direction of the Issuer (or the Collateral Manager on behalf of the Issuer) in Eligible Investments with stated maturities no later than the Business Day prior to the next Payment Date pursuant to Section 10.6 (Reinvestment of Funds in Accounts; Reports by Collateral Trustee).