Invested Funds definition
Examples of Invested Funds in a sentence
On the fifth Business Day immediately prior to each Distribution Date (each, a "RIC Maturity Date"), (i) the investment pursuant to this Agreement of Specified Account Invested Funds with respect to such Distribution Date and of all Spread Account Invested Funds shall mature and be due and payable, and the Holding Account Deposited Funds shall be required to be returned to and deposited into the Holding Account.
Subject to paragraphs (b) and (c) below, the Bank may invest the Invested Funds in investments selected by the Bank at its discretion (including, without limitation, the use of such funds in the Bank's operations) so long as this Agreement is an Eligible Investment.
Except as specified in paragraphs (b) and (c) below, it shall not be necessary for the Bank to segregate the Invested Funds or the Holding Account Deposited Funds deposited with it hereunder.
The Specified Invested Funds and the Spread Account Invested Funds are herein referred to collectively as the "Invested Funds".
Subject to paragraphs (b) and (c) below, each of the Bank and WFAL 2, as the case may be, may invest the Invested Funds received by it in investments selected by it at its discretion (including, without limitation, in the case of the Bank, the use of such funds in its operations, or, in the case of WFAL 2, the use of such funds to purchase Contracts as permitted by its Articles) so long as this Agreement is an Eligible Investment.